The culture of Lehman Friends was sketchy. According to the textual content, Lehman Friends gave for their employee's risky taking decision and excessive financial advantages with no mortgage approvals or collaborating with other affiliates. Those people that had query about the decision were overlooked which make the culture in the company to be based on the employee who manufactured the most funds, regardless the chance. It looks like a corrupted company where the frontrunners where greedy for money. This kind of made these people falsify the data and cover the company actual finical status. The tradition of this firm encouraged not really ethical practices and within the employees with the company. Issue 3
Lehman executives perform in firm collapse was very unethical by exploit the balance bed sheet to ensure short-term financial end result which were good for the company. (Paraphrase, Robbins 2012). They were not responsible none ethical simply by balance sheet manipulation. One example in the manipulation was when Lehman's executive composed of an property at the end from the year which should have been reposted as a reduction. They did not want pertaining to the public to look like reduction. They conceal the truth without having care about other folks feelings. All of their unethical behaviors and irresponsibility lead Lehman's company to bankruptcy.
Question a few
The key reason why all these things happen in accompany is actually the avarice of money. When a company recognizes a manner a potential way to look other ways of earning, of making funds, than that they ignore the caution signals. Business function to generate a profit but at the same time they may have responsibility to the customers and their employees at the same time. When the employees of the organization feel that they are really being cared for in honest manner than they will be capable of act in ethical ways themselves. Lehman Brothers field for individual bankruptcy because that they took pointless risk and didn't carry out their operate the right way. All inters in the money is why we continue to continue to see these kind of...