Chapter 27
Doing Well by Doing Good: Business Law and Ethics
In This Chapter
• How business and society interact
• Key areas of the law that concern managers
• The importance of business ethics
The financial accounting and stock trading scandals of the early 2000s revealed a high level of greed and self-dealing among senior managers of some companies. Enron, Global Crossing, Qwest, Computer Associates, and AOL were subject to criminal investigation. Executives at Arthur Andersen, WorldCom, Tyco, Adelphia Communications, and Imclone Systems were charged with crimes ranging from fraud to obstruction of justice. Merrill Lynch paid a $100 million fine to New York State for violations of securities law.
During the rest of that decade, greed and malfeasance ...
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