Do you think the ethical fabric in Goldman Sachs has been worn out. Give you own...

Do you think the ethical fabric in Goldman Sachs has been worn out. Give you own views

Solutions

Expert Solution

The given case scenario, focusing upon the scandal of 1MDB and contribution in the scandal from the end of Goldman Sachs, shows that the ethical fabric in Goldman Sachs is getting worn out very fast. The company deals with the financial securities, management consulting and underwriting services among the others. These services bring unwritten rule to follow ethical guidelines and protect the best interests of the investors as stakeholders of the business. But, Goldman Sachs forgot all the ethical aspects, and manipulated documents, prepared false statements, gave bribe to the officials and took unexpectedly high fee for the services offered to the 1MDB. It was against the regulations and once got noticed by the authorities, the Goldman Sachs got exposed, despite the assertion by the Goldman Sachs that it has done nothing wrong. But, evidences of bribe, unreasonable profits earned and other benefits to the Goldman Sachs employees, showed that scandal took place. It concludes that Goldman Sachs has lost its ethical fabric while trying to get business at any cost.

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

do the ends justify the means in the goldman sachs case, as it turns out? explain...

do the ends justify the means in the goldman sachs case, as it turns out? explain and offer evidence.

You are an analyst working for Goldman Sachs, and you are trying to value the growth...

You are an analyst working for Goldman Sachs, and you are trying to value the growth potential of a large, established company, Big Industries. Big Industries has a thriving R&D division that has consistently turned out successful products. You estimate that, on average, the division launches two projects every three years, so you estimate that there is a 60 % chance that a project will be produced every year. Typically, the investment opportunities the R&D division produces require an initial...

Suppose you are a stock market analyst at Goldman Sachs, specializing in the stocks of theme...

Suppose you are a stock market analyst at Goldman Sachs, specializing in the stocks of theme parks, and you are examining Disneyland’s stocks. The Wall Street Journal reports that tourism has slowed down in the United States. You also find out that at Six Flags Magic Mountain in Valencia, California, a new Viper roller coaster is now opening and another new ride, Skyrush, will be opening this year. a. Use the demand and supply model, to graphically analyze and predict...

The Criminalization of American Business What do Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs...

The Criminalization of American Business What do Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs have in common? All paid hefty fines for purportedly misleading investors about mortgage-backed securities. In fact, these companies paid the government a total of $50 billion in fines. The payments were made in lieu of criminal prosecutions. Today, several hundred thousand federal rules that apply to businesses carry some form of criminal penalty. That is in addition to more than four thousand federal laws,...

Think of a firm at which you have worked. Do/did you consider this firm ethical? Give...

Think of a firm at which you have worked. Do/did you consider this firm ethical? Give specific examples of actions to justify your answer (DO NOT name the firm or any of the people in your examples!!)

Consider the following options on Goldman Sachs’ stock with current price of $120. Assume you have...

Consider the following options on Goldman Sachs’ stock with current price of $120. Assume you have enough money in your brokerage account to cover the margin required to write calls and puts. Type Exercise price Option premium per share Call $115 $9.20 Put $120 $4.50 Call $125 $3.70 a) How much is required (or received) UP FRONT if you buy 100 shares of calls with $115 exercise price, sell 200 shares of puts with $120 exercise price, and sell 100...

Consider the following options on Goldman Sachs’ stock with current price of $120. Assume you have...

Can you discuss cases with major financial institutions (AIG, Lehman Brothers, Goldman Sachs and others) and...

Can you discuss cases with major financial institutions (AIG, Lehman Brothers, Goldman Sachs and others) and Credit Default Swaps?

Explain and define the ethical theory known as utilitarianism. Give reasons why you think this ethical...

Explain and define the ethical theory known as utilitarianism. Give reasons why you think this ethical theory has come to dominate ethical decisions in the contemporary world. Give two examples of utilitarianism. AND (this is the most important part) a) Provide a solid criticism of this ethical theory (why you think it is not a good way to think about ethical problems b) Defend utilitarianism against your critique

Do you think the actions of the politicians and the bankers in this situation are ethical?

Question Traverse County needs a new county government building that would cost $10 million. The politicians feel that voters will not approve a municipal bond issue to fund the building because it would increase taxes. They opt to have a state bank issue $10 million of tax-exempt securities to pay for the building construction. The county then will make yearly lease payments (of principal and interest) to repay the obligation. Unlike conventional municipal bonds, the lease payments are not binding...

Subjects