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Waste Management

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Waste Management
The management of any organization has the fiducial duty of ensuring that it conducts its
activities in a manner that yields maximum benefits to its shareholders and various stakeholders.
In light of this, corporate governance, which deals with how the management maximizes the
welfare of all stakeholders in a company, is an important aspect of a business. In particular, an
organizations management sets the tone of the culture and ethical practices in their institutions.
The Ethical Leadership at Waste Management
The management at Waste Management Inc. was unethical, and they tolerated and
encouraged manipulation of financial statements in order to portray a positive image of
continued business success in the company. The leader- follower trend in most organizations
enables the management to set the tone of the organization’s culture (Mihelic 33). In Waste
Management Inc., the company’s top management encouraged for financial manipulation of
documents through netting in order to portray the company as being profitable. In turn, this
behavior led to less senior managers, such as those in charge of finance and accounts to doctor
their financial reports. The company’s management was unprofessional and did not value
prudent financial management, and honesty. When the management realized that the company’s
profits were reducing, instead of taking prudent decisions such as cost management or
diversifying their operations, they decided to exaggerate their profits by over valuing the
company’s assets.
The management lacked focus on its set goals. Despite the CEO setting goals on target
profits, he did not appreciate that at times the company may fail to achieve these goals. Instead,
he put excess pressure on the management, which made them to falsify their financial records.
Finally, the company’s management was greedy. It was motivated by the huge bonuses, financial

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Waste Management The management of any organization has the fiducial duty of ensuring that it conducts its activities in a manner that yields maximum benefits to its shareholders and various stakeholders. In light of this, corporate governance, which deals with how the management maximizes the welfare of all stakeholders in a company, is an important aspect of a business. In particular, an organizations management sets the tone of the culture and ethical practices in their institutions. The Ethical Leadership at Waste Management The management at Waste Management Inc. was unethical, and they t ...
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