RSM100Y1 Lecture Notes - Lecture 4: Green Marketing, Texas Instruments, Public Health
Document Summary
Wells fargo ceo - employees broke code of ethics . Wells fargo was making a lot of money because so many accounts were set up = more value for the company = more money for the stock = more money for the ceo and executives. Lower level employees started setting up fake accounts. Ethical issue: top management set unrealistic goals and the bottom employees are setting up fake accounts. Most concerned with himself and the shareholders. We study it because it is not clear cut. Ethics is more than legality- tells you what is right and what is wrong. Beyond legal obligation and more about morals. Where do you and where do companies draw the line from ethical and unethical. Most common view was family and second personal views. Ethical conduct on the top of the organization will cause the bottom of the organization to usually be ethical. If you know it"s wrong, don"t do it.
