This website uses cookies to ensure you have the best experience. Learn more

Ethics Paper

2207 words - 9 pages

A Brief Description of the Companies and People Involved in the Legal Violations.
Among the companies affected, by this insider trading ring was International Business Machines (IBM). IBM has a rich company history stretching back over 100 years. International Business Machines (2008) states that the current company was founded in 1911, with the merger of three 19th century companies: the Tabulating Machine Company, the International Time Recording Company, and the Computing Scale Company of America; to form the Computing-Tabulating-Recording Company. Continuing on, in 1914 Thomas J. Watson Sr. joins the company, and it is renamed International Business Machines in 1924 (p. 3). In 1936, IBM provides the equipment to the Federal Government, in support of the Social Security Act. (P. 10). IBM had to shutter its International business during World War II, however that capacity was used for Wartime production (P. 15). Not long after the War, in 1949, IBM promotes diversity, philanthropy, and begins to focus on recruiting minorities, women, and the disabled (P. 15). In 1952 Thomas Watson Jr. becomes president, focusing on electronic computing technologies, and codifies the unwritten culture and norms into rules and programs (p. 29). In the 1960s, Watson Jr., to stay ahead of the competition, made a “bet-the-company” move in the 360 mainframe computer systems, and was met with wild success (p. 47). Throughout the 1970s, IBM, continued to the mainframe computer, and in the 1980s, developed the first personal computers (P. 61). In the 1990s and into the 2000s, IBM begins to focus on new growth opportunities in services and software (International Business Machines, 2008, P. 73).
Other major companies that were affected include: Galleon Group LLC and New Castle Funds LLC. In January 1997, after spending 11 years working at Needham & Company, analyzing technology and healthcare sectors, Raj Rajaratnam founded Galleon Group (Bernheim, April 1997). According to Rajaratnam, Galleon’s fund delivered exceptional returns all throughout the technology boom of the 1990s, with the company’s flagship hedge fund rising 93 percent in 1999 (2013). As the technology bubble came to an end, Galleon’s funds didn’t suffer losses as many other funds did according to Berenson (Nov. 2009). Further more, Galleon didn’t suffer a down year until 2008 (Nov. 2009). After the Arrest of Rajaratnam in October 2009, according Pulliam and Zuckerman, Galleon saw a huge increase in withdrawal requests, to the tune of $1.3 billion of only $ 3.7 billion under management (Oct. 2009). Days later, after receiving the withdrawal requests, Rajaratnam sent a second letter to clients, informing them that the company would be winding down and returning investors money (Quinn, Oct. 2009). For all intends and purposes this was the end for Galleon Group.
The other above-mentioned hedge fund was New Castle Funds LLC. New Castle was formed in 1995 as part of the Bear Stearns Asset Management arm,...

Find Another Essay On Ethics Paper

Personal Ethics Paper

827 words - 3 pages , and beliefs as they grow up. This paper will focus on personal ethics development that examines my personal ethical systems, and ground rules. It will focus on the developmental aspect and define the underlying ethical system with the primary concepts, and sources that shapes my ethics. Finally, it will describe what effects ethics has on my work performance, and provide my personal experience while showing why ethics is important to individuals

Personal Ethics Development Paper

1265 words - 5 pages Running head: PERSONAL ETHICS DEVELOPMENT PAPER 1 Personal Ethics Development Paperxxx PHL/323 February 24, 2014 Dr. Vickie SimsIntroduction"Sound personal ethics are typically those that positively impact the experience of others when used to govern an individual's social or business related behavior, and at the very least, such ethics should not have a negative impact on others" (BusinessDictionary, 2014). In this paper I will discuss how

Ethics Research Paper

736 words - 3 pages Ethics Paper There is a strong relationship between the values that a leader has and the success that a leader has from these values. Many of the great leaders of the past and present have had a moral and ethical mentality that made them successful leaders. Other values that help to determine a leader’s success are honesty and integrity. This paper will address the qualities of ethical leadership, honesty, and integrity, which help shape a

Enginnering Ethics Paper

1284 words - 5 pages In order for an engineering concept to be considered innovative it must be a new method or product; but it can also be a modification to an existing method or product. Generally the function of innovation is to overcome a new obstacle or to improve upon a current solution to any design. For the purpose of this paper innovation will not be defined only as an improvement. However, the innovation may cause new problems to arise. Given this

Personal Code of Ethics Paper

1740 words - 7 pages , accountability, and determination. The values enable me to associate well with my family, colleagues, friends, and the society. This paper describes my personal code of ethics in detail and compares it to the United Nation’s (UN) Universal Declaration of Human Rights and the NASWA Code of Ethics.

Management Planning and Ethics Paper

1014 words - 4 pages In this paper, one will evaluate on company ABC's management planning and how one thinks how planning should be done within the organization. Legal issues, ethics and corporate social responsibility all impact management's planning within the organization. The markets change, costs rise and fall, stocks adjust and this all happens in a day of business. That is the reason why companies must make changes to remain successful in today's society.The

Ethics and Communication Reflection Paper

1554 words - 6 pages education which was not completely addressed. Therefore in this paper I will be discussing the impact a nurse may have had on the case study, areas of shortage where I felt a nurse would have addressed the issue better, ethical positions that were dominantly discussed in the discussion and ways in which this case study contributed to the role of a nurse in areas of advocacy.   Ethics Communication Reflection Paper Nurse as an Advocate The Case

Cultural Values and Personal Ethics Paper

1114 words - 4 pages Cultural Values and Personal Ethics Paper All people have personal values and ethics, just as they have cultural values. Often times, those personal values and ethics may clash with those of their employer. As an example, as an individual, a person's ethical guidelines might require honesty, integrity and respect. If that individual works for a company that does not necessarily operate under those same tenets, the employee may well face an

Cultural Values and Personal Ethics Paper

1365 words - 5 pages Cultural Values and Personal Ethics Paper Personal, organizational, and cultural values are the basis of an individual's personal and professional decision-making style. These values are the key ingredients that make up our core beliefs. Values are ideas that are actions which could be right or wrong, good or bad that are the basis of human action (Tosi 2000). Personal values might also be called morality, since they reflect general

Cultural Values and Personal Ethics Paper

1400 words - 6 pages All people have personal values and ethics, just as they have cultural values. Often, those personal values and ethics will clash with those of their employer. As an example, as an individual, a person's ethical guidelines might require honesty, integrity and respect. If that individual works for a company that does not necessarily operate under those same principles, the employee may well face an ethical dilemma. Trying to intertwine these

Ethics Paper

1053 words - 4 pages everyone we come into contact with it or simply feel the secondary effects. Therefore, the universal question of “What if everyone did that?” should be a part of our ethical thinking. 1I did an informal study on this in my social room last year with both dirty dishes in the sink and paper towels on the floor. The difference in dirtiness after an hour was impressive. Real studies have been done on this as well.

Similar Essays

Ethics Paper

708 words - 3 pages Ethics Paper PAGE \* Arabic 2 Ethics PaperUniversity of PhoenixKendra PittsFIN475Stephanie Ramsey February 02, 2009Ethics and social responsibility are a part of everyday life around the globe. From the time a business begins, ethics and social responsibility play an important role in deciding what direction that business will take, and how the company will turn a profit. Ethical behavior is critical to strategic planning for businesses. In

Ethics Awareness Inventory Paper

849 words - 3 pages August 31, 2009Defining ethics is often a difficult task for individuals to do. Ethics can be defined with more than one meaning. Awareness and the ability to analyze ones personal and professional ethics is an essential aspect for adults in today's highly competitive and specialized business world. This paper will interpret the results of the Ethics Awareness Inventory, explain how the educational experience has influenced my own ethical

Ethics Codes Analysis Paper

1556 words - 6 pages differ in approach and function. This paper will evaluate, compare and contrast the similarities and dissimilarities of the codes in the areas of informed consent, competence of the counselor, and the counselor's relationship to society.Ethics Codes Analysis PaperOne of the intentions of the both the 2005 American Counseling Association Code of Ethics (ACA) and the 2004 American Association of Christian Counselors (AACC) is to serve as an ethical

Ethics Awareness Inventory Paper

769 words - 3 pages Ethics Awareness Inventory PaperDefining ethics is often a difficult task for individuals to do. Ethics can be defined with more than one meaning. Awareness and the ability to analyze ones personal and professional ethics is an essential aspect for adults in today's highly competitive and specialized business world. This paper will interpret the results of the Ethics Awareness Inventory, explain how the educational experience has influenced my