Business Finance Homework Help

part 1

Find an example of a problem with managerial ethics OR an example of a company that went above and beyond to proactively take actions to avoid harmful consequences. The eco-cup example of page 40 is an interesting example of a company that went out of their way to create a product that saves approximately 80,000 trees annually “enough to power 640 homes annually, and 47 million gallons of waste water each year.” Management, 2012, Hitt, Black, & Porter, 3rd Edition, Pearson-Prentice Hall.

Then, summarize it in a 3-5 sentences. it should include the citation/URL for your source.

part 2 Answer five questions (each question should be answered in 3-6 sentences)

1What should Pignatelli do? What would you do and why?

2Pignatelli seems to be leaning in the direction of hiring a consultant who might use part of the money for bribes. If Pignatelli does not pay the bribes directly, does this absolve him of responsibility?

3Bribes are illegal in Italy. Even if bribes were common practice there, would this justify paying them?

4Does Pignatelli have a responsibility to Italian citizens to build an environmentally friendly refinery above and beyond what the law requires? Is it appropriate for Gulf to spend this extra money and essentially take it away from shareholders?

5How would you feel if you were a lower-level employee in the company and learned that Pignatelli intended to pay bribes to get things “debottlenecked”? What would your ethical obligations be? Should you ignore the situations or confront Pignatelli? Should you inform your direct boss or go to the media?