[RSM100Y1] - Final Exam Guide - Ultimate 30 pages long Study Guide!
Document Summary
Rsm100 - lecture 3 : business ethics and social responsibility. Employees encouraged to set up fake accounts. More accounts = more investments = more profit = more stock options = more money for ceo. Not concerned with customers / employee well-being. Don"t do it if you know it"s wrong. Keep asking until you get an answer. Light food, fast food, fruit juices, yogurt, kind bars. Has to do with right to be informed as well. Grew to be one of america"s largest companies before collapse. 5,600 employees lost jobs and billion in pension . Kenneth lay (ceo) found guilty and died of heart attack. Skilling, found guilty, still serving 24 year sentence in jail. Richard causey left to become cao at enron. C-sox and sox in place now as standards for trading on public stock exchange. Other advertisers may be less inclined to work with ttc. Caused a pastor to commit suicide post exposure.
