"There is no such thing as business ethics," John C. Maxwell's book notes three major scandals focusing on Enron, Adelphia Communications and Tyco's white-collar offenses. The author clearly stated that special cases of fraud cause even greater damage to business ethics. Indeed, it begins with an informal tone that evaluates the main ethical violations. Their first job is the most famous of them: Enron. It notes to the unknown that, on November 1, 2001, Enron admitted accounting performance that caused inflation in Enron's income. Over a four-year period they increased their income by $ 586 million. Then Enron filed for bankruptcy in Chapter 11. As if that was not enough, drivers knew about the company's status. This information was sold over $ 1 billion in the company while encouraging employees to adhere to their shares.
The next issue in Maxwell's book is the financial abuse of Adelphia Communications. It states that the Adelphia Communications has caused financial problems. This broadcast took place on March 27, 2002. John Rigas, the founder and sons of the company, were soon accused of collecting corporate assets for a total of $ 3.1 billion for private buyers to cover personal loans for family projects. Only as long as Rigas was removed, the company had to file a bankruptcy under Chapter 11. Lastly, he reports that Adelphia was hired on NASDAQ on 3 June 2002 and, consequently, with disgusting contempt for the corrupt relationships that these businesses had formed.
Due to a white-collar crime on the same day that Dennis Kozlowski, Tyco's President and CEO, was the District Attorney at Manhattan. More than $ 1 million worth of sales tax was levied on art and personal items purchased by the company for nearly $ 600 million. Maxwell only leaves the reader to the facts to understand that a looser prose is weakened as the subject does not require anything. Use more data from sources such as Time Magazine. In their publication of 22 July 2002, statistics were provided that supported America's mistrust of the ever-growing number of companies who deceived their employees and the general public through white-collar crime.
In view of GBX Codex standards, the author leaves the reader with the conviction that these specific scandals show violations of the principles of the second and fifth principles, transparency and citizenship. We know that attempts are being made to interrupt private debts and embezzlement attempts, not just individuals, but a large number of shareholders involved in allegedly legitimate operations. In addition, business leaders violate transparency by hiding these systems and citizenship by lying and resisting government investigations, especially in Enron. That is why we are compelled to agree with the outrageous truth that Maxwell's white collar crime turns out to be contempt and must be stopped.
Source by sbobet