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Ethics
The leaders of a company set the ethical base in corporations in terms of decision-making and how to treat other people. If the corporation makes bad decisions that were based on bad ethical point of views the head of the company or CEO’s get blamed for it in terms of being bad leaders. Bad ethical decisions effect not only the company it self it also effects the stakeholders, owners, employees, and it’s customers, because the stocks may fall.
A perfect example of this is with James E. Rohr, chairman and CEO of PNC Financial Services Group Inc, whose accountability is being questioned because when under Rohr, “Pittsburgh’s PNC made an accounting maneuver that on July 18 brought down the ire of the Federal Reserve, Securities & Exchange Commission, and the Office of the Comptroller of the Currency (occ).” PNC put $762 million of bad assets into three off-balanced-sheet entities, they “camouflaged” the risks, sold stock after “inaccurately” portraying it’s financial performance, and misled shareholder all under Rohr.
Many analysts’ say that the guy at the top should take the blame, but so fa
Approximate Word count = 757
Approximate Pages = 3 (250 words per page double spaced)
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