Thursday, November 30, 2006

There is an ongoing trend with U.S. companies lately, and if you haven't seen it then you have not been paying attention. Throught the past 5 decades companies have slowly started to cut back on bennifits. These would include insurance, pensions, and compensations of any kind basically. Lately companies are expecting more hours worked, faster work being done, and for the same amount of compensation. The pensions are getting smaller; if companies even decide to pay them at all. Now I know business is all about making a profit, but those profits can not be made without the employees. If you work for a company for 40 years and they promise you a pension, then you should definitley recieve it and I mean all of it. Cutting cost is a nessessary part of business, but I think there has to be a better way than taking away employees perks. They worked long and hard for them and should recieve what has been promised. If you take care of your people the profits will come from their hard work and loyalty.

Monday, November 27, 2006

Recently Ford Motor Company has been going through a rough patch. The company has been loosing money as of late, and so they were looking for ways to turn the company around. The CFO of Ford, Don Leclair, proposed loans as a possible solution. This would be fine if Fords credit was worth anything. Instead the company put up allll of their assets in exchange for an 18 billion dollar loan. Ford believes that they will burn at least $8 million in cash just this year. This is the first time in history that Ford has had to put up the whole company for collateral. Hopefully this loan helps or it will be the last.

Friday, November 17, 2006

While most minorities hold mid to low posistions in most corporations that must mean that their pay correlates with their title. Did you know that the current Federal minimum wage rate is only $5.15 wow. So basically if you work an eight hour day you might have enough to fill up your gas tank and buy a bag of chips. In the United Kindom, Australia, and New Zeland the minimum wage is over 10 dollars an hour. Now I thought that we were the largest economy in the world maybe I was mistaken. We have people doing all the manual labor and all they get is a back ache and $5.15 in return.

Wednesday, November 15, 2006

Now it would seem like now a days anybody can apply for a job and have a fair shot at getting it. I mean women make up about have of the labor force in the United states and minorities making up about another third of the work force. Now they might be employeed but really is five dollars an hour even worth going to work. The majority of Hispanics are in mid to desparatly low paying jobs and woman are starting to gain some respectable posistions but they are far from equality when it comes to fortune 500 companies. Only two of the five hundred have women CEO's and 90 of the companies don't even have women officers. Minorities are even more scarce in the corporate world with only 2% of them holding executive posistions. The issue is improving but at a snails pace.

Wednesday, November 08, 2006

These are the top 10 ethical risks provided by Integrity Interactive:

1. Ethical Corporate Culture
2. Antitrust & Unfair Selling Practices
3. Bribes, Gifts & Conflicts of Interest
4. Financial Integrity & Fiduciary Trust
5. Recordkeeping & Reporting
6. Privacy, Intellectual Property & Security
7. Employee Rights & Working Conditions
8. Consumer Protection8. Consumer Protection
9. Health, Safety & Environmental Protection
10. Government Investigations & Controls

Are their any you do not agree with...

It is evident that ethics has become a huge part of business. From mandatory ethical classes in high school and college to ethical training sessions provided through corporations. Despite attempts to inform companys, employees, and students business scandels are happening all over the country. Companies such as Enron and Worldcom ignored the ethics of the situation and went straight for the money. Now you can't tell me that these huge corporations didn't know the right thing to do, or the consequences and repercussions of their actions. They knew exactly what they were doing and didn't care. Basically I'm trying to say that no matter what kind of ethical trainning people have the individual may still choose wrong. People naturally know what is right and what is wrong. Maybe instead of ethically training individuals we should keep a closer eye on corporations before another Enron happens again.

Monday, October 30, 2006

I rencently read an article that reviewed a book called "Ethics Teaching in Higher Education". The article discussed the five goals for courses in ethics. The goals were listed as the following:

1. Stimulate the moral imagination.
2. Recognize ethical issues.
3. Elicit a sense of moral obligation.
4. Develop analytical skills.
5. Tolerate disagreement and ambiguity.

I feel that my business ethics class did a fairly decent job of accomplishing these goals. If you have taken a business ethics class do you feel that any of the above goals were not addressed, and if so which ones?

Monday, October 23, 2006

More and more companies are starting to monitor their employees. This sounds like a harmless activity, but should your boss really know what you are doing at all times during the day. Many companies now check which web sites employees have visited, what numbers they have called from work, sometimes the phone calls are also recorded. I mean companies have the right to know some things on the job, but monitoring a person throughout the whole day is not the answer. I mean how many of you work better when your boss is standing over your back? Not me!

Now I know it isn't ethical in the U.S. for business to steal each others trade secrets because we have laws aginst it, but what about businesses world wide. Lets say a U.S. company like Boeing ousources their manufacuting to a company in China. Now what is stopping that company in China from stealing the design of Boeing's aircraft and starting their own company, or even worse, selling the information to a competitor. What do you think?