Enyonam, M. O., Greg, G. A., Emily, S. K., R, N. G., & Drumheller, K. (2014).The Ethical Implications Of Lance Armstrong’s Performance-Enhancing Drug Case. Journal of Legal, Ethical and Regulatory Issues, 17(1), 1-13. Retrieved from http://search.proquest.com/docview/1647822369?accountid=32521
The authors Enyonam, Emily and Drumheller, concentrated on Lance Amstrong’s unethical misconduct that had serious consequences for his career as an athlete and chairperson of the Livestrong organization. This study was conducted to verify whether his comeback and winning of the titles was genuine. The study addressed Lance Amstrong’s ethical implications after confessing to use performance enhancing drugs in his TdF wins after a long period of denial. The study also discusses the responses and the feelings towards the Lance Amstrong foundation –Livingstrong that Amstrong started.
Berle, A., Means, G., & Manne, H. (1932). Impartiality: The Two Views of company Corruption. Ironman Corporation.
This article addresses the ethical practice that are expected of the financial professionals. One of such practice this article addresses is the impartial oversight. The article also tries to compare the two opposing theories on business’ ability to run without an attempt to defraud on one hand and on the contrary one that views the marketplace as adequately self-regulating. The opposing theories are presented by the three authors Berle and Means on one side and Manne on the opposite side. Berle and Means are in favor of the government regulation of businesses since they don’t trust the managers and believe that the managers themselves are the ones involved in fraud. Whereas Manne supports leaving the company alone and maintains that whatever mistake they make will be penalized adequately in the marketplace through quitting of customers or being purchased by other firms.
Merced. (2006). Books: Computer Associates. Ironman Corporation.
This article discusses the solutions to the most common problem, knows as cooking the books. Cooking the book is knowingly falsifying a company’s balance sheet, and is an illegal practice in the United States. The practice includes accelerating revenues, delaying expenses, hiding income or expense information of a company, off-balance-sheet and altering pension plans. Sanjay Kumar, the former CEO Computer Associates found out the implications of a manager who uses fraudulent practices to deceive others by conducting an experiment on the inflating the company’s sales figures and bribing witness. The article addresses the consequences of ethical misconduct of deceiving others.
Carozza. (2007). Books Cooking: Enron. Ironman Corporation.
The article covers a complicated story of Enron, which grew rapidly and fraudulently and became one of the United States’ seventh largest company in a period of only 15 years of operation. The company extended its businesses in many fields after deregulation. The article addresses the fraudulent nature of the business towards its customers and investors. The company deceived its investors by not providing truthful information concerning the losses and embezzlement of funds. The article illustrates how the ethical misconduct led to the bankruptcy of Enron.
Cohen (2011). Transfer Pricing and Costing. Ironman Corporation.
A usual problem that is widespread in the financial world is known as the Transfer pricing is addressed clearly in this article. This problem of transfer pricing involves inflating the revenues through creating it appears like the business or parts of it create revenues than is the truth. This article describes how the use of this ethical misconduct can be costly to the enterprise. This article also shows how most companies use the idea of cooking the books and that of price transfer to deceive people.
Henry. (2007). U.S. Accounting and Reporting History: Sarbox. Ironman Corporation.
The Henry’s article discusses the unethical accounting scandals that are common in most companies and the introduction of more regulation to reduce the ability of companies to try and amend their figures and make them appealing to investors. According to Henry, this act is unethical and has repercussions.
Sheehan, (2002). Commercial Conflicts of Interest: The Buyer-Beware Principle. Ironman Corporation.
The author thoughtfully warns the customers to beware of the persuasiveness of the salesperson since they always act in their self-interest to benefit from the buyer. This article describes how the seller acts unethically by being impartial to the buyer and does not explain his financial interest. This motive of the seller creates a conflict of interest.
Brooks. (2001). Complex Products. Ironman Corporation.
The article by Brooks focuses the complexity of some products such as the mortgages, insurance policy or some shares or their derivatives offered by an accountant and financial advisors. The author stresses that these products are complex for the public to understand and that it is unethical for these professionals to take that advantage and act in their interest.
Murphy. (2011). The Free Market Perspective. Ironman Corporation.
Murphy is in support of the insider trading on the ground that they are doing a favor to the public. The article also describes Milton Friedman’s arguments on the importance of insider trading. The article also discusses the ethical principle and loyalty that come along with trust about insider trading.
Dalley. (1998). An Issue of Fairness. Ironman Corporation.
The author believes that the idea of insider trading is immoral on the grounds of fairness. This article addresses the ethical implications of the problem of insider trading. Dalley believes that insider trading is a breach of contract even when there is no contractual agreement on nondisclosure, and it is unethical since it violates professional trust and honesty.