Reflection Paper On Business Ethics - 2881 Words

Arion 1 Anthony Arion Reflection Paper Business Ethics Jeffrey Muldoon, PhD 1 December 2015 Declaring a major in college is a big deal, but declaring that one is majoring in Business gives a whole new meaning to the word. About midway through the class, like a light bulb turned on, the true realization that there is much more to a business when you consider where you want to work or where you want to shop is a direct result of my BU 293: Ethics, Social Responsibility, and Sustainability class. While I was aware of the business frauds that were committed over the last ten years and some of the effects it had on individuals I could not name those that were considered the worst; therefore, the top ten frauds of the century and the reasons why they reached this dubious rank was very interesting. In most cases, these frauds did not help, but actually hindered both the stakeholders as well as the shareholders. I did do additional research to make sure that I understood these businesses and how they imploded. Because I found them almost mind-blowing, I have included them in this paper. In the #10 spot is Qwest Communications. Qwest Communications was a telecommunications company operating in fourteen Western states. Qwest s stock traded as high as $64 in 2000 before dropping to less than $1 in 2002 because of a multiyear accounting fraud. The SEC and DOJ probe was prompted by a whistleblower letter. CEO Joseph Nacchio forfeited $44 million for insider trading andShow MoreRelatedStr 581 Ethics Reflection Paper1378 Words   |  6 PagesRunning head: Ethics Reflection Paper Ethics Reflection Paper University of Phoenix |Content |General Comments | |The paper explains the role of ethics and |The key elements of the assignment are covered in a substantive way. The content of your | |social responsibility in developing a |write up is comprehensive, accurate, and persuasive. 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