Business of American Business

The Business of Maintaining American Business Gary Kemper, of Banks, Oregon, could picture his retirement just cardinal years outside. At the age of 58, Gary and his wife Jeanine had paid off their cars, house, and raised four children all while dumping the utmost amount of money into Garys 401K retirement plan. They had plans of buying a motorhome and possibly a condo in Arizona to get away from the cold weather of Oregon. He opted to take that part of his lucre in stock options. Things were looking good, Gary could of never known that the corporation he worked for, Enron, was about to fall apart. Enron, the seventh largest corporation in the nation, whos stock once traded at $90 a allocate plummeted to 26 cents. Gary lost approximately $200,000. Gary was one of the luck ones to fit a portion back. Many of Enrons employees were left with next to zip (Franklin par. 1-3). With tighted government regulation, this sort of corruption can be stopped. macrocosm ?within the law doesnt cut it in this ever-more-complicated world, commented Barbra Ettore, journalist for focus Review magazine (par. 3). White-collar crime is an offence that everyone should be concerned with.

People want to know that the communication channeles they purchase from and target in are honest and obey the laws that are furbish up for them. Jeffery M. Kaplan, an attorney with the New York based law firm, Arkin Schaffer & Supino, summed up the predicament that the nation is facing, ?both the costs of crime and the costs of penalisation are?including the impact of shareholders, consumers, and employees?have become too proud for society to hear (qtd. in Ettore par. 4). It would be nice to vocalise that the crimes of today are isolated not representative of business in the past, but such a statement would not be true. The past has shown cycles of crime that run from decade to decade. In the ?60s there was bid-rigging by electrical companies, in the ?70s there was outlawed payments abroad by huge government... If you want to get a full essay, order it on our website: Ordercustompaper.com

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