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Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank: Germany: 13 July 1931: Banking: At the start of the Great Depression, after rumours about the solvency of the Norddeutsche Wollkämmerei & Kammgarnspinnerei, there was a bank run, and Danatbank was forced into insolvency.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
Not all accounting scandals are caused by those at the top. In fact, in 2015, 33% of all business bankruptcies were caused by employee theft. [16] Often middle managers and employees are pressured to or willingly alter financial statements due to their debts or the possibility of personal benefit over that of the company, respectively.
Tough economic times can show us exactly what many companies are made of, and investors better have been paying attention over the last year or so. In 2011, movements like Occupy Wall Street ...
Boddy, C. R, Ladyshewsky R, Galvin P (2010) Leaders without ethics in global business: Corporate psychopaths – Journal of Public Affairs Volume 10, Issue 3, pages 121–138, August; Boddy, C. R (2011) Corporate psychopaths, bullying and unfair supervision in the workplace Journal of Business Ethics, Volume 100, Issue 3, pp 367–379
The Walt Disney Company, one of the largest media corporations in the world, has been the subject of a wide variety of criticisms of its business practices, executives, and content. In particular, the Walt Disney Studios has been criticized for including stereotypical portrayal of non-white characters, sexism , and alleged plagiarism .
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But during the Iraq and Afghanistan wars, it proved especially hard to maintain a sense of moral balance. These wars lacked the moral clarity of World War II, with its goal of unconditional surrender. Some troops chafed at being sent not to achieve military victory, but for nation-building (“As Iraqis stand up, we will stand down”). The ...