Case Study: What is Up with Wall Street? The Goldman Standard and Shades of Gray

Feb 3rd, 2012
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Paper- Case study: What is Up With Wall Street? The Goldman Standard and Shades of Gray. Evaluate the Price of Ethical Behavior: The most frequently told joke about business in this country is probably that "business ethics" is an oxymoron. Lying and false representation seem to be straightforward concepts. Is lying always wrong? This question has plagued modern ethicists, and is often exacerbated within the realms of individual and corporate capitalism. It seems, then, that taking ethics seriously in business extracts a price and may make success more difficult to come by. However, if this is true, why should any of us make the effort to do what is right? In particular, what would we say to someone who asks, "Why should I be ethical? What�s in it for me?" Using Case 2.11 on pp. 73-83, What is Up With Wall Street? The Goldman Standard and Shades of Gray, answer questions 1-6 on p. 82-83. After reading the document and before answering the questions, initiate your paper with the problem

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Case Study: What is Up with Wall Street? The Goldman Standard and Shades of GrayThe purpose of this research is to render an academic opinion on the topic of Goldman Sachss gray area practices, evaluation of the practices using ethical analysis models, identification of those affected by the practices, economic upshot, influence on decision making process of employees, disclosure amenabilities, and last but not the least, concerns about their settlement with the SEC.Gray areas are a situation, subject or topic that does not conform to the known rules and often a vaguely defined position, condition or character (Merriam-Websters collegiate dictionary, 2003). The first gray area is related to qualified or sophisticated investors. The sophisticated investors are those investors who are deemed to have sufficient investing experience and knowledge to weigh the risks and merits of an investment opportunity (Menkhoff, Schmeling & Schmidt, 2010). Goldman Sachs did not fully reveal their intent to investors while selling collateralized debt obligations (CDO) to them. There is a notion that Goldman Sachs used the short selling practice in order to reap profits from the downturn in the mortgage market, and therefore contrived, marketed and sold CDOs in such ways as instituted the clash of interest with the clients and at times led to pecuniary gains from the same products that educed hefty losses for their clients. The clients of Goldman Sachs later descried that Goldman Sa

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