Description
Read Case Application 1, "Lessons from Lehman Brothers: Will We Ever Learn?" at the end of Ch. 5 of Management.
Discuss the scenario with your team.
Discuss the second, third, and fifth discussion questions at the end of the case with your team.
This an example of what we are discussion. My teammate part of our discussion is attached My teamate discussion question and answer
I only need ay least 90 words and need it by tonight at midnight 12central standard time.
Unformatted Attachment Preview
This scenario about the Lehman Brothers and their unethical contribution towards the
downfall of the company. The Lehman Brothers exercised unethical manipulation of the
legalities. Businesses have responsibilities to the compliance of the law and an obligation to
the ethical prevention and protections with the parties involved/ tied to the business. The
Lehman Brothers was the largest organization to file bankruptcy. What are your thoughts of
the Lehman Brothers’ unethical behavior?
In my opinion, ethical behavior is not just a responsibility but it is an obligation.
Answers
2. The culture at Lehman Brothers was a culture of accepting and approving unethical behavior
and unethical actions. This culture contributed to the company’s downfall by implementing
high risk decisions that were not legally compliant and unethically applied through
manipulation of paperwork and exceeding risk controls.
3. The executives played the role as decision makers and approving the unethical processes
placed before them. These choices and decisions in which they supported and approved. They
were not being responsible or ethical because compliance to laws and procedures help to
protect the people as well as the business. We all are held accountable for our ethical practices.
One instance Lehman Brothers sold and gained a profit in a very questionable way to prevent
selling at a loss.
5. We continue to see these type of situations because of greed and the unethical care used by
businesses and organizations. The paperwork and reporting has become boldly dishonest with a
thought to present it as honest. It is not unreasonable to think that businesses and
organizations should act ethically. It is a responsibility as well as an obligation to do things
ethically to protect all parties involved.
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Chief Human Resources Officer
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