Discrimination
Is it ethical to hire or promote more men then women? Or white people than black people? It is justified when based on their comparative performance. But what if it is based on some personal preferences?
This is a highly controversial issue. • the boss and the secretary • the marriage contract • the regular labour contract
So what is the problem?
Thank you
Topic 9 CSR in Finance
Content
Ethical Issues in Finance • Ethics and Finance? • Why not Business Punishment? • Universal vs. Special Issues Misreported Financial Results • Creative Accounting • Self-Regulation Mechanisms
Case: Enron • Success of Enron Corporation
• Stock Growth Obsession • Why Analysts were Blinded? • Collapse Abnormal Risk Taking • In Company • In Investment fund
Case: Subprime Lending
• Chain of irresponsibility
Insider Trading • Is it ethical? • Betting Against the Market you Create • How it should be regulated?
Case: Goldman Sachs
• Consequences
Rogue Trading • The Problem • Famous Examples
Case: Jerome Kerviel
Greed is Good • Do you agree? • Sociopaths – are they good? • Is Gordon Gekko a deviant?
Are financial markets good? • Making people worse? • Wasting society resources?
|
• Unethical Practices
• Definition
• History of Abacus
Case: Nick Leeson
