Problem:
In her book, Laura Nash (1993) states: Managers have seen the high costs that corporate scandals have exacted: heavy fines, disruption of the normal routine, low employee morale, in creased turnover, difficulty in recruiting, internal fraud, and loss of public confidence in the reputation of the firm"(page 2). She wrote this in 1990.
1. Have things improved since Nash wrote this line ? Explain.
2. Have the scandals of the early 2000s helped managers prioritize ethics? Explain.
3. Have we learned our lesson as a society? Explain.
4. Do we now have sufficient checks and balances in place to prevent the crises of the 1990s and early 2000s? Explain.
5. What else can be done to reduce the likelihood of unethical abuses? Explain.