“There is no such thing as business ethics,” a book by John C. Maxwell three major scandals relating to economic crimes of Enron, Tyco and Adelphia Communications. The author has clearly saying that individual cases of fraud to show any more damage to business ethics. It begins in a very matter-of-fact tone that assessed casual key ethical violations. His first task of the most famous of them is: Enron. For those unfamiliar, he notes that on 1 November 2001 Enron, accounting performance, inflation has been caused in the earnings of Enron. had blown up over a period of four years, their income to EUR 586 million. After Enron filed for Chapter 11 bankruptcy. As if that were not enough, executives knew about the status of the company. It uses this information to sell more $ 1000000000 shares of the company, while employees encouraged to keep their shares.
Comments on Maxwell in his next book is the distraction financial Adelphia Communications. It shows how Adelphia Communications issued financial problems. This consignment was held on 27 March 2002. John Rigas, founder of the company and his son were soon after use of corporate assets as security for their own personal loans for projects in the family, private purchases, the $ 3100000000 defendants used amounted dollars. Sign only after Rigas, as the company had for Chapter 11 bankruptcy removed. Finally, he noted that third June 2002, the NASDAQ was included Adelphia does that make the end a nasty feeling of contempt for the corrupt business relationships.
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