10 most unethical people in business . Ethisphere magazine. 1.Bernard Madoff. .
10 most unethical people in business
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Turns out a lot of people were suspicious of Madoff's ability to deliver high percentage returns like clockwork for long periods of time. It also turns out that he allegedly ran a $50 billion Ponzi scheme that, when discovered, ruined many a life savings. It's not yet clear how many people at Bernard L. Madoff Investment Securities knew of the scam, but it's clear that Madoff was the mastermind.
Colby, the former CFO of Wellpoint, was caught carrying on multiple affairs, even once texting "ABORT!!" to one of his many girlfriends after discovering she was pregnant. He carried on relationships with over 30 women and proposed to at least 12 of them.
Blagojevich is the governor of Illinois who allegedly tried to "sell" the Senate seat vacated by President-elect Barack Obama. Some reports say he tried to trade the seat for ambassadorships, money and positions within pro-union groups and even a $150,000 salary for his wife.
Heinz-Joachim Neubürger, Karl-Hermann Baumann and Johannes Feldmayer.
The two former CFOs and former chairman of Siemens, respectively, got busted over bribery and their company was fined billions. The bribes that they paid to earn contracts could not have been worth more than the $1.4 billion settlement the company agreed to pay.
Stevens is the former senator from Alaska who was found guilty of failing to report gifts given to him by various contractors. He faces up to five years for each of the seven counts against him. The jury found Stevens guilty of "knowingly and willfully" scheming to conceal on Senate disclosure forms more than $250,000 in home renovations and other gifts from an Alaska-based oil industry contractor. Stevens faces a maximum sentence of up to to 35 years in prison -- five years for each of the seven counts
Bruno A Kaelin
Kaelin, a former senior vice president and head of corporate compliance at Alstom, was arrested in Switzerland in August following a joint Franco-Swiss-Italian investigation into his alleged role in running a bribery slush fund and laundering hundreds of millions of euros. Prior to that, Kaelin was convicted in a separate bribery case in Italy involving payoffs to two officials of the Italian electric company Enel.
Vitale was sentenced to 30 months in prison and $180,000 restitution to be paid to AOL after he found a way to spam 1.2 million AOL users in a way that avoided being caught by AOL's spam filter. Vitale also had 22 prior convictions, including running an online prostitution ring through Craigslist.
Rubin, became one of the faces tied to the 2008 financial crisis. His position of deregulation when he was Treasury secretary is now faulted by some for many of the problems of today. He also became the fall guy for Citigroup's business strategy of leveraging more risk.
Benatti, a former Italian director of advertising for WPP, was accused of libel last year for calling WPP chief executive Sir Martin Sorrell a "mad dwarf" and was alleged to have secretly pocketed millions of pounds from a deal he helped to broker. WPP's lawyers, claiming up to 12.5 million pounds for breach of "fiduciary duty," alleged at a court hearing in London that Benatti was the "secret beneficiary" of most of the proceeds from a 17 million pound takeover of Media Club, an Italian advertising company.
Benatti sued back, alleging unfair dismissal. He argued that he was really let go because he had fallen out with Daniela Weber, WPP's chief operating officer in Italy, with whom he alleged Sorrell was having a relationship. In last year's libel case, Sorrell accused Benatti of circulating a computer-generated image showing him with Weber labeled "the mad dwarf and the nympho schizo."
James M. DiBlasio
DiBlasio makes the list for going on a three-day bender and hacking into the computers of his company, Ski.com, while drunk. Fortunately for him, the CEO of Ski.com wasn't too angry about the situation and decided not to pursue charges.
After listing the policies, procedures and strategies for the company you chose to research, create 3 test questions (objective) on a Word document and 1 essay question that addresses how the company improves ethical behavior within and without their company. Include answers