The ethical and legal scandals at Enron, WorldCom, Tyco and many other businesses in the United States, Europe and Asia have shaken people’s confidence in business. Corporate Integrity and Accountability seeks to address questions of corporate integrity as they arise for financial reporting, executive compensation, globalization, and business ethics itself. The chapters are the product of leading business ethicists—both academic and practitioner—in the U.S. and Europe, resulting in the application of different methodologies, sources, and forms of argument. This gives the reader a sense not only of the complexity of some of the ethical issues business faces, but also the richness of the various resources that are available to address these issues.

The U.S. Business Scandals: Perspectives on Ethics and Cultures at Home and Abroad

The U.S. Business Scandals: Perspectives on Ethics and Cultures at Home and Abroad

The U.S. business scandals: Perspectives on ethics and cultures at home and abroad

Many U.S. business leaders respect the highest standards of integrity and would agree with the view expressed by James F. Parker, CEO of Southwest Airlines, who told BusinessWeek, “I think it's unfortunate that the misdeeds of a few have had the effect of creating questions and undermining confidence of business in general” (Byrne, 2002, p. 31). But this perspective needs to be weighed against another, which Paul Volcker, a former Chairman of the Federal Reserve Board, voiced in the same magazine: “Corporate responsibility is mainly a matter of attitudes, and the attitudes got corrupted … in the 1990s. We went ...

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