Exam 2: Solving Ethical Dilemmas and Personal Introspection

Albert Carr believes that a card up the sleeve is not the same as bluffing and is a form of cheating.

Ikea fell into the either/or conundrum in solving its problems in dealing with Russian authorities.

Discuss why Goldman Sachs was a disciple of Albert Carr's theory of "business is a poker game and we are all bluffing."

Suppose, with reference to #12 above, that Pickford already owns an interest in the biotech firm, but Munford Stanley is not the underwriter.Pickford:

Mary Pickford is an analyst for Munford Stanley, an investment banker.She has touted the stock, an initial primary offering (IPO), of an obscure biotech firm as a "must buy."Munford Stanley is the underwriter for the IPO.Pickford:

Into which of the following categories do patent and copyright infringement fall?

Jeff Sanders, head of finance for Components, Inc.has just interviewed Laura Dern, an employee from the finance department of InChip, Components' chief competitor.Laura has explained that she has been passed over one too many times for a promotion at InChip and is thus in the job market.As Laura is leaving she whispers to Jeff, "Look, I have no contract at InChip that obligates me in anyway.I can begin immediately.Further, I have been able to obtain copies of our newest computer chip designs.You'll have them before InChip even begins production."

How much of the lost money at MGlobal did investors receive back in the bankruptcy?

You had quite a night last night of partying.Because of excessive drinking, you are unable to get to work today.When you call your supervisor you:

Stanford University medical researchers conducted a study on the correlation between the use of fertility drugs and ovarian cancer.Their study, published in the American Journal of Epidemiology, concludes that the use of the fertility drugs, Pergonal and Serophene, may increase the risk of ovarian cancer by three times.The lead author of the studies, Professor Alice Whittemore, stated, "Our finding in regard to fertility drugs is by no means certain.It is based on very small numbers and is really very tenuous." FDA Commissioner David Kessler would like the infertility drug manufacturers to disclose the study findings and offer a warning on the drug packages.He notes, "Even though the epidemiology study is still preliminary, women have a right to know what is known.We're not looking to make more of this than there is." If you were a manufacturer of one of the drugs, would you voluntarily disclose the study information?

As a result of the Goldman "trading huddles":

Albert Carr believes that bluffing in business is justified because it is understood as part of the game of business.

During the 1990s, Goldman increased it standards for profitability before doing an IPO.

Goldman was originally founded as a partnership.

Goldman did not pay a fine to the SEC.

Althea Caldwell is the director of Arizona's Department of Health Services (DHS).DHS is charged the administration of the state's behavioral health system and is responsible for contracting with private providers for millions of dollars of mental health care each year for eligible patients. Ms.Caldwell accepted a $20,000 per year director position for a hospital group corporation.One of the hospitals in the group was one to which state contracts for mental health treatment had been awarded. One month after accepting the position, Ms.Caldwell asked the state's attorney general for an opinion as to whether she had a conflict of interest. Does Ms.Caldwell have a conflict of interest?

How did Goldman avoid violation of SOX in advancing cash to two of its officers?

Data Processing, Inc.is a service firm that performs word processing functions for law firms, corporations and government agencies.Their facilities consist of 120 office units with a word processor in each unit. Their facilities were formerly a shoe manufacturing plant, and all of the office units are located in one large room.Over the past 14 months, 7 of the 120 word processors have been diagnosed with breast cancer.In six of the seven cases diagnosed, there is no family history of breast cancer.Jane Quinn, the owner and CEO of data processing, has seen a cluster study that links employment as a word processor to a higher rate of breast cancer.Ms.Quinn does not disclose the study to her employees and takes no further action.Discuss the ethical issues.

Although you are not part of your company's engineering group, you have discovered a major flaw in the company's new paper-thin solar calculator.The calculator adds when the subtract button is pressed if there are more than three figures to the right of the decimal point.Since it is not your area, you should do and say nothing.

CDOs: