Show:
General
Smartest Guys
Broken Trust
Wells Fargo Ethics
Madoff & Friends
100
According to Merriam-Webster, this word is defined as the discipline in dealing with what is good and bad, as well as moral duty and obligation; or a set of moral principles : a theory or system of moral values.
What is ethics?
100
JP Morgan Chase, Merrill Lynch, Citibank, Credit Suisse First Boston
Who are Enron's banks?
100
On Dec 2nd, 2001 this company filed the largest bankruptcy in US history.
What is Enron?
100
Wells Fargo has established what for team members to call or access online to report ethical violations.
What is Ethics Line?
100
In March 2009, HE pleaded guilty to 11 federal crimes and admitted to turning his wealth management business into a massive Ponzi scheme that defrauded thousands of investors of over $50BN - the largest ponzi scheme in history.
Who is Bernard Madoff?
200
Often referred to as the Father of Ethics, he put forward an ethical system that may be termed "self-realizationism." In his view, when a person acts in accordance with his nature and realizes his full potential, he will do good and be content. He also asserted that man had three natures: vegetable (physical/metabolism), animal (emotional/appetite) and rational (mental/conceptual).
What is Aristotle?
200
The ability to book profits before plants, investments, and contracts begin operating based on models and assumptions of values, not cash inflow.
What is Mark-to-Market Accounting?
200
This accounting firm failed to report Enron’s various accounting regularities.
What is Arthur Andersen?
200
Explains Wells Fargo’s policy and standards concerning ethical conduct for all team members.
What is Code of Ethics and Business Conduct (the “Code”)?
200
She avoided a loss of $45,673 by selling all 3,928 shares of her ImClone Systems stock on December 27, 2001, after receiving material, nonpublic information from her broker at Merrill Lynch. The day following her sale, the stock value fell 16%.
Who is Martha Stewart?
300
This type of normative ethics (also known as moral theory or the study of what makes actions right and wrong) by philosopher Epictetus, puts forward the idea that the greatest good was contentment and serenity. Peace of mind, or Apatheia, was of the highest value; self-mastery over one's desires and emotions leads to spiritual peace. The "unconquerable will" is central to this philosophy.
What is Stoicism?
300
SPE private equity funds, nick named “Friend of Enron,” set up and managed by Andrew Fastow to raise cash from institutional investors to provide independent equity for Enron deals and hedges Enron’s investments.
What is LJM or What are Raptors?
300
This bank estimated that the Enron Bankruptcy costs it $2.6B due to losses on investments and loans.
Who is JP Morgan?
300
This is earned over years of consistently focusing on what is best for our customers and communities and following the rules that govern our business in the spirit of our Vision & Values.
What is reputation?
300
This telecommunications company's CEO - Bernard Ebbers - was convicted of fraud and conspiracy as a result of its false financial reporting, and subsequent loss of $100BN to investors. At the time (2002), it was the largest accounting scandal in United States history.
What is WorldCom?
400
This is the study of where ethical notions came from and what they mean; in particular, whether there is an ethical system independent of our own opinions that could be applied to any situation at any time or place.
What is Metaethics?
400
Policy lobbied for by Enron resulting in set electricity prices through auctions, but manipulated by the company to export electricity and create shortages, and importing back in at higher prices.
What is Deregulation of California’s energy market?
400
This employee approached Ken Lay with concerns that Enron could implode due to accounting scandals.
Who is Sharon Watkins?
400
It is important that you manage your personal finances properly and in a prudent manner, if you are having financial difficulties, you may talk to what group which can provide confidential advice and referrals to community resources.
What is Employee Assistance Consulting ("EAC")?
400
On April 16, 2010, this venerable Wall Street investment bank was sued by the SEC. The SEC alleged that this investment bank materially misstated and omitted facts in disclosure documents for a synthetic credit default obligations (CDO) product it originated. The allegation was that the bank misrepresented to investors that an objective third party (ACA Management) had assembled the mortgage package underlying the CDOs when, in fact, Paulson & Co., with economic interests directly adverse to investors, had a major role in assembling the mortgage package. Paulson & Co. stood to reap great financial benefit in the event of default because it had selected a portfolio of CDOs that were likely to default, against which Paulson & Co. had already sold short or would sell short. The matter was later settled for $550MM.
What is Goldman Sachs?
500
A form of mordern ethics, these moral theories hold that the consequences of a particular action form the basis for any valid moral judgment about that action (or create a structure for judgment). Thus, from a consequentialist standpoint, a morally right action is one that produces a good outcome, or consequence. This view is often expressed as the aphorism "The ends justify the means". This term was coined by G.E.M. Anscombe in her essay "Modern Moral Philosophy" in 1958, to describe what she saw as the central error of certain moral theories, such as those propounded by Mill and Sidgwick. Since then, the term has become common in English-language ethical theory
What is Consequentialism?
500
Profit sharing acts committed by Enron traders Borget and Mastroeni, involving movement of profits between years to “steadily increase earnings,” diverting profits to personal accounts, sham trades, and keeping two sets of books.
What was the Valhalla scandal?
500
The percentage of analysts that were still rating Enron a buy or a hold on Dec. 1, 2001.
What is 70%?
500
Unless approved, in writing, by your Code Administrator, you may not accept gifts, gift cards, or gift certificates worth more than what dollar amount from a current or potential customer, vendor, or their agent within any calendar year.
What is $200?
500
In July 2007, this former Citigroup CEO used an interesting metaphor to describe his company’s situation as a major provider of financing for leveraged buyouts and the securitization of toxic mortgage-backed securities: “As long as the music is playing, you’ve got to get up and dance. We’re still dancing.”
Who is Charles Prince?