MGT100H1 Lecture Notes - Lecture 5: Enron Scandal, Baby Food, The Smell

• School: UTSG
• Department: Rotman Commerce
• Course: MGT100H1
• Professor: Michael Khan

Document Summary

Wells fargo ceo: employees broke code of ethics, were dishonest. Issue: they created a structure where they were kind of forced to make fake accounts. Push the blame into the low managers. Set targets while they kind of encouraged to make fake accounts. Did(cid:374)"t retur(cid:374) (cid:373)o(cid:374)e(cid:455), (cid:271)la(cid:373)ed the lo(cid:449) (cid:373)a(cid:374)agers. Ethics are not based on legality only but also morality. If actions were unethical, what was wrong: did(cid:374)"t take e(cid:454)pli(cid:272)it responsibility. Who"s i(cid:374)terest (cid:449)as the ceo (cid:373)ost (cid:272)o(cid:374)(cid:272)er(cid:374)ed (cid:449)ith: o(cid:449)(cid:374) i(cid:374)terest a(cid:374)d i(cid:374)(cid:448)estor"s i(cid:374)terest, shareholders. Stage in moral and ethical development is determined by many factors: family, personal views, religion, the law, others (geographically) Whistle-blowing: report an ethical issue (the problem is are the employees protected if they report an issue) Customer: the right to be heard, to choose, to be safe, to be informed. Employees: workplace safety, equal opportunity of the job, sexism and sexual harassment.