Question 1)
John C. Maxwell says in his book, Ethics 101, “There’s no such thing as business ethics; there’s only ethics” Please give me your opinion on this statement. Are business ethics different than ethics? If so, give me an example of what you think each of them are. If you think that they are the same thing, tell me why. Then give me an example to emphasize your point
Remember this assignment is asking for YOUR opinion. Try some of the sites on this GOOGLE Search to formulate your opinion:
Question 2)
Regarding the week 3 discussion on Sheldon Silver. Mr. Silver was convicted and was forced to give up his Assembly seat; however, under NYS law, he gets to keep his NYS pension, which is worth over $90,000.00/year. Do you feel that this ethically right for him to keep the pension he worked hard to earn.
Week 3 Info
Recently the Speaker of the New York Assembly (Sheldon Silver) was convicted of a $4 million dollar federal corruption charge (http://nylawyer.nylj.com/adgifs/decisions15/012315maas.pdf). Speaker
Silver served in the post of Speaker of the NY Assembly for 20 years.
For those not familiar with NY politics, the Speaker of the New York Assembly is one of the most powerful persons in NYS government; some may say his power is on par with that of the Governor of New York (nothing comes to a vote in the NYS Assembly, without the Speaker’s prior approval, including the state budget).
Do research on the internet on Speaker Silver, and give me your opinion as to why you think someone as powerful as Speaker Silver, would commit fraud. Tie your answer into the either the Fraud Triangle, Fraud Diamond or Fraud Pentagon, if you can
Week 3 response
In accordance to the fraud triangle, it is quite obvious to understand how powerful speaker could be stuck in the actions which are fraudulent. There are three major aspects of the fraud triangle. These are pressure, rationalization, and opportunity. There was the pressure for the Speaker Silver to perform the actions which are fraudulent of experiencing kickbacks. They were close to 4 million dollars. There was the necessity to earn the extra money other than the salary which was offered by the government. This entails his greed for the cash as well as the power. He thought the money could be helpful in bribing his colleagues so that they vote for him as well as support his legal suggestions (Biegelman, &. Bartow, 2012). So, there was the pressure to get the extra money as well as assert his influence and political power. This forces him to stick in fraudulent actions.
The speaker Silver used the opportunity of his power by exploiting it. He also utilizes the opportunity by influencing to convert the lawmakers. The influence helped him to gain the opportunity to encounter kickbacks in order to favor specific laws as well as policies in the government of New York.
Furthermore, he was rationalized as he was still enhancing as well as upgrading the livelihood of the community by receiving the kickbacks. This will support the passing as well as the implementation of the particular laws within the state. (Taylor, 2013). Still, the rationalization has negative aspects as it does not perceive the rules of law.
Sample Solution
