The reason for the company's growing success was due to a practice called "pay for order flow", where the company was able to profit 12.5 cents from the buying and selling price on every stock that was traded. ... From this time on until Madoff was caught and charged with fraud, the company continued to run illegal practices. ... Madoff's actions were unethical and he is certainly deserving of his sentenced punishment. ... Madoff's actions are a clear example of the unethical behavior that occurs in the business world every day. ... The first way a company could eli...

• Word Count: 1659
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

Introduction In July of 1996, Sunbeam Corporation hired Albert J. ... The Board did not exercise proper prudence while hiring Dunlap. ... Had the Board of Directors spoke with Nitec Paper Corp before hiring the Dunlap, the scandal could have been avoided. ... The Board of Directors should also implement policies for whistle-blowing and give employees clear communication channels for reporting unethical behavior. ... This way, questionable accounting practices can be recognized by the Board. ...

• Word Count: 1336
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School

• Mar. 14, 2002: Enron's law firm faces House panel in the matter of the firm's off-the-book partnerships and accounting practices. ... The policy was legal, however it was extremely unethical. ... Arthur Andersen was hired to both audit and consult with Enron, but when Arthur Andersen's fees reached millions of dollars, several Arthur Andersen employees resigned from their jobs. Enron then hired on the same Arthur Andersen employees to continue managing their affairs. This is a huge, unethical conflict of interest. ...

• Word Count: 1674
• Approx Pages: 7
• Grade Level: High School