Martha Mccaskey Case Study Essay Example

Martha Mccaskey Case Study Paper Veronica Koskovich-Underwood MgtOp 587 Martha McCaskey Case Study Ethical Issues At issue in the Martha McCaskey case is a question of proprietary information. More specifically, McCaskey is faced with the question of what constitutes proprietary information and what is safe to give to the client without breaching any trade secrets. According to DeGeorge, proprietary information, or trade secrets, are a right of each corporation that they can legally and morally protect and refuse to divulge to the public. The types of information that Seleris client is asking for about their target company are held tightly by the target to ensure their market share. If the information is given to competitors, they will lose their advantage. However, if specific information as to the new chip is not released but instead is based on industry standards and already publicly-held information, the trade secrets would still be upheld, as there is no way to know for sure that the target is using exactly what has been found. Another issue that McCaskey faces is the methods used to obtain the information to be given to the client. We will write a custom essay sample on Martha Mccaskey Case Study specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Martha Mccaskey Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Martha Mccaskey Case Study specifically for you FOR ONLY $16.38 $13.9/page Hire Writer As mentioned above, if it comes directly from the target, it would be releasing trade secrets and infringing on the targets right to hold those. In this case, McCaskey has been asked to not contact the target in order to keep them from knowing that the client is looking into the new chip. In order to get the specific information that they are after, McCaskey will have to use alternative means such as contacting other competitors in the industry, vendors of the target, and possibly ex-employees of the target. Hackert and Malone are pushing for McCaskey to use Phil Devon after learning that he worked for the target in the past. Devon seems open to supplying McCaskey with any information that she needs, but she may be breaching the targets right to trade secrets by doing so. If he has stayed in the loop with the target and has direct knowledge of the new chip and the procedures being used there, she would ultimately be passing on information that the client has no right to. However, there is a chance that he has no direct knowledge of the new chip nd would only be giving her information that he has obtained in helping other clients out. Even that could be breaching areas of confidentiality though, as she would not know if the other companies held that information closely so the possibility of breaching other trade secrets is unknown. Also at issue is management encouraging what could be seen as unethical methods to complete the projects. As discussed in the Don Taylor case, management has a duty to operate the company as ethically as possible. By encouraging these unethical activities to McCaskey, Malone and Hackert are saying that they are supportive of using unethical methods in order to further IAD and Seleris, as well as their clients. The case material discussed that IAD did not have any written policies in place in regards to solicitation and acceptable methods to complete contracts. Richardson would occasionally hold lunch meetings in which he would state that no one should use unethical behaviors, but remained vague in just what that meant. DeGeorge notes that a business has the duty to give clear policies to its employees in order for them to complete their jobs accurately and as desired. Employees also cannot be required to act unethically on the job. Malone and Hackert are impeding McCaskeys responsibility to complete her job ethically by encouraging her to use Devon no matter what the cost. Another issue that should be noted is the personal issue that McCaskey has in deciding between staying silent on the matter and completing her job as requested, or in voicing her concerns. In the â€Å"Conflict on a Trading Floor† case and the Don Taylor case, it was noted that it is our duty to report any unethical proceedings in the work place. However, DeGeorge notes that employees do not have an obligation to create serious risk to themselves without some compensation to be gained. In McCaskeys case, she knows of no immediate benefit to her calling out the policies that are being implemented by the old guard. In fact, she has been all but guaranteed a promotion, raise, and easier job duties if she successfully completes the project. It does not appear that those in the new guard are using the same methods and there has been a significant amount of turnover in the past couple of years at IAD. There is a chance that future replacements will not be willing to use the same methods and the problem will eradicate itself. But by remaining silent, she becomes part of the problem and may have to violate her own moral beliefs. On the other hand, if McCaskey brings attention to what she considers an unethical procedure, she could be at risk with her job. She could be seen as a troublemaker and put back on team projects that are not to her liking. She would almost certainly be pulled from this project which would result in no promotion, further hurting her own well-being. A fourth issue that may not deal directly with McCaskey would be whether it is appropriate for Phil Devon to be releasing the information that he may have on the target company that he used to work for, or from other companies that he has assisted on new projects with since leaving the target. As an employee of the target, he would be directly breaching the right of the target to have trade secrets. However, as he no longer works there, Devon is not obliged to consider the interests of the target any longer. Unless a noncompete agreement was signed when he left, he is technically not doing anything wrong by divulging information that he may have on the company. This same logic would apply to any of the other companies that Devon has consulted with recently. Case Analysis The three primary alternatives that are to be considered are: 1) hiring Phil Devon and Martha McCaskey working with him directly; 2) hiring Phil Devon and having another associate work with him while Martha McCaskey remains project leader; and 3) Martha McCaskey stepping down from the project and voicing her concerns about the methods used within IAD. The primary stakeholders that have been identified are: 1) McCaskey; Tom Malone and Bud Hackert; Seleris; Target company; Client; and Phil Devon; 2) McCaskey; Malone and Hackert; Seleris; Target company; Kauffman (or the employee chosen to work with Devon; and Phil Devon; 3) McCaskey; Malone and Hackert; IAD; Target company; and Client. From a utilitarian perspective, option one woud result in the greatest net welfare for the stakeholders identified. While it goes against what McCaskey believes in and hurts the target company the most, all other layers considered receive the greatest benefit out of this option. Under the utilitarian method, more of the stakeholders receive benefits than costs with option one. Malone, Hackert, Seleris, and the client achieve the end result that they are ultimately wanting from the situation. Malone and Hackert retain a major client for Seleris and IAD remains in good standing with corporate. Seleris sees growth as a company and retains a large portion of their current business. The client receives the information they are seeking and is able to better compete with the competition. However, all of these stakeholders are setting precedence in the methods that are used to obtain the information and completing projects. Phil Devon receives a large financial consideration for his assistance on the project, but risks possible lawsuits or future retribution from the client for releasing sensitive information on them. The target company sees the greatest cost by having confidential information leaked to a competitor and no longer having the niche in the industry that they would have otherwise. McCaskey sees the greatest mixture of benefits and costs, but ultimately sees more negatives than positives. She successfully completes the project and receives the promotion and raise, follows her superiors wishes, and retains a major client for IAD and Seleris. However, she does not follow her own moral judgement and is directly responsible for the way the project is completed. She also is setting a precedence of methods that she is willing to use and for methods that will be acceptable under her as manager. Under the second option, assuming that the project is successfully completed to the clients liking and McCaskey receives her promotion, many of the same costs and benefits come into play. The additional player in this scenario, Kauffman, would most likely receive praise and possibly compensation for his role in the completion of the project, but would be being used to do the unethical activities that no one else is willing to. McCaskey does have the added benefit of not directly doing the unethical research, but she is causing Kauffman to act unethically by having him work directly with Devon. With the third option, assuming that the project is not successfully completed without McCaskey and she does not receive her promotion, more costs occur for the stakeholders identified. McCaskey would be upholding her moral values, but she would not receive the promotion and would have to continue doing the tedious fieldwork that she has been doing. This option could result in being given only problem projects that no one else wants in the future, she could be labeled a troublemaker, and she would lose her good standing with upper management. A slight possibility would exist that her actions would bring about positive changes in the division and/or corporation, if management takes note of her concerns and decides to implement policies that would prevent these happenings from occurring again. Malone and Hackert would lose McCaskey as a good candidate for group leader, as well as a major client and future additional projects. IAD not only would lose a major client and future business from them, but would also most likely come under scrutiny of corporate. The client loses the ability to compete head on with the target company by not receiving the information they requested. They would also lose a consulting firm for future projects if they decide Seleris is no longer fulfilling their duties as their consultants. The target company would see the largest benefit from this option, as their trade secrets would not be leaked and they would retain their market niche with the new chip. From a rights and duties perspective, even though a greater number of rights and duties are upheld with options one and two, option three is preferred in that it upholds the more important rights and duties of McCaskey and the target company. When adding weight for importance to the rights of performing your job ethically and retaining trade secrets, the greatest good comes from option three where both of these rights are upheld. An analysis of rights and duties shows a greater number of rights and duties upheld than not with option one. By hiring Phil Devon and completing the project successfully, all stakeholders except for Devon and the target are fulfilling their duty to maximize profits and act in the best interest of their immediate stakeholders. For example, McCaskey is acting in the best interest of IAD by retaining a client and bringing in future profits from this client. The client is acting in the best interest of their own shareholders by finding a way to compete directly with the target and thereby maximizing profits. McCaskey is also upholding her duty to obey her supervisors and to act in her own best interest by ensuring she receives the promotion and raise. However, she is defying her duty to not harm others by completing research that she knows will directly harm the target and their business interests. She is also denying herself the right to perform her job ethically and not upholding the norms of her profession. Malone and Hackert see their authority rights upheld, but dont uphold McCaskeys right and duty to perform her job ethically. The target companys right to keep trade secrets is being denied. Devon is acting in his own best interest, as well as his familys, but he is not conducting business ethically and is denying the target the right to have trade secrets. With option two, most of the rights and duties remain the same. Regardless of whether McCaskey performs the research herself or just oversees it, she is not changing the overall picture. She has actually brought someone else into an ethical dilemma by choosing not to address it head on. Now Kauffman is not upholding the duty to perform his job ethically, nor does he uphold the norms of his profession. Option three results in more rights and duties being denied to the majority of the stakeholders. McCaskey sees more of her rights and duties upheld than the other options, as she is using her right to voice ethical concerns in the workplace and upholding her duty not to harm others and to uphold the standards of her profession. The target company is also seeing more rights upheld, as they retain their right to hold trade secrets and to fair competition in the marketplace. Malone, Hackert, IAD, and the client, however, see more rights and duties denied. All fail at their duty to maximize profits for the division and company, while Malone and Hackert lose their right to authority. But all are now upholding the individual rights and duties held by McCaskey and the target. From a justice perspective, option three upholds fairness for the target company by not releasing confidential information, for McCaskey by not requiring her to do something that could be considered ethically wrong, and for all others by not allowing them to profit from unethical behaviors. In all three options, distributive justice is more of a concern than any other kind. By completing the project and obtaining the data from Devon, regardless of whether done by McCaskey or by Kauffman, all stakeholders except for the target receive benefits from unethical proceedings that are not right. McCaskey receives a promotion and higher pay, IAD and Seleris receive full payment on the contract and even receive additional contracts because of the successful completion, Devon receives a large payment for releasing information that is confidential, and the client will most likely receive a greater market share of the new chip than they would have otherwise. The target, however, loses market share from the divulgence of this information. However, in option three, all parties receive the compensation that they deserve from the situation. The target retains its market share while the others lose out on money from their unethical dealings. While option one or two could be argued from a utilitarian perspective, the added weight of importance to the rights and duties method, as well as the clear indication by the justice perspective, option three supports more of the prominent concerns in this case. I therefore propose option three as the best option for McCaskey to move forward with. Broad Implications of the Case One of the more prominent themes to this case is the issue of proprietary information and means used to obtain it from competitors. According to DeGeorge, businesses have the right, both legally and morally, to have trade secrets to help protect specific facts about their products or processes. However, it is not discussed who outside the immediate company employees have any duty to protect those secrets. As technology moves further and further ahead, the implications of trade secrets being leaked becomes greater. Without the trade secrets, there is no way to protect yourself from a competitor moving in on your niche in the market that you may otherwise have had they not obtained the secrets. But on the other side is the right to a competitive marketplace and the duty to maximize profits for the competitor. Consulting firms such as Seleris in the case are becoming a more common option to obtain trade secrets. But employees of these firms eed to take into consideration the ethical connotations to what they are doing by assisting in the gathering of this information. While they have no immediate duty to the competitors to help protect the information, from an ethical perspective the methods that they use to obtain it could be negative. Trade secrets are at a greater risk as the present trend in the workplace continues of employees moving around from job to job during their careers. No l onger are employees with the mindset that they should stay with the same firm throughout their career to ensure a better retirement package. If an employee is not guaranteed to stay with a firm, what information should they actually have access to? In most cases, this is now limited to only what they need to know to complete their individual job. Also of note is what constitutes proprietary information. DeGeorge defines it as any trade secrets that a company can legally and morally protect from others. But in order to legally defend data in the current day, you would need a patent or trademark, which often times can’t be obtained until the item has a prototype developed. This makes it more difficult to protect new projects from being copied by competitors. Another theme that is touched on in the case and brought out in the issue of proprietary information is employee loyalty and duties to their current employers. DeGeorge explains that while companies would like to have both loyalty to the firm during employment, it cannot be demanded. Corporations want employees to perform their jobs to the best of their abilities and to do what needs to be done to ensure the success of the company. However, in the present day workforce, it is more common to hear employees talking about what the company can do for them. It is not uncommon to switch jobs several times during your career, nor to apply the knowledge that youve gained from a past job on a current one. DeGeorge states that while workers have rights on the job, they also have duty to perform the job for which they are hired. That being said, the employer cannot require an employee to do something that is illegal or unethical. Usually businesses have policies in place that help define what workers rights and responsibilities are. Employees need to take the time to review this information and ask questions about the policies prior to being hired on to ensure that they are comfortable with what is being asked of them. However, policies will not address every instance that could possibly occur during an employment. Employees need to know their basic rights and processes available to them so that they can address any conce rns as they arise. While employed by a particular organization, the employee has a responsibility to not sabotage the activities of the company. However, once employment ends, that responsibility is gone. But is there still a responsibility to protect trade secrets and sensitive information that you may have had access to once in a new position? A trend that is starting in the current workforce is to impose noncompete agreements with employees who are leaving and who had access to sensitive information to help curb this issue. Overall, the protection of proprietary information seems to have a direct relation to the loyalty and obedience that employees show a firm. Ultimately, it is the individual employee who needs to make the conscience decision to help protect the information. While competitors may be able to gain some insight on what is going on behind closed doors through competitors and basic industry trends of the time, without firsthand knowledge of what a specific company is pursuing, it is more difficult to know for sure if your recreation of their item will be better than what they have done and win you the market on the item.

Arab Conflict essays

Arab Conflict essays The Nazis used to say openly, 'we use democracy in order to destroy democracy.' Muslim terrorists and their international allies do not hesitate to use democracy in order to destroy it. Today, their 'Satan' is the U.S., Israel, or the promoters of the sin, 'The Western Civilization.' In order to stop them we must see reality from their vantage point, to expose their mind. It is the only way by which we can combat, challenge, thwart or prevent their wish to harm us. Recently, an expert on terrorism who also published a book and worked in the prestigious National Security Council, Dr. Jessica Stern, published an op-ed in the New York Times (Feb. 28, 2001) entitled, Execute Terrorists at Our Own Risk. She called on America not to use the death penalty against any convicted terrorist. For my point of view it is a call to 'appease' terrorists or potential terrorists. We tell them: "Go ahead, use our democracy, our law and order for your goals. We will never kill you." They who kill children and women, military and civilian people alike, have the right to kill but we, the victims or the potential victims, must obey the law and only put them in jails with the option of their friends blackmailing us. Many people, for a thousand and one reasons or motives, express their objection to the death penalty in principle. But Ms. Stern brings an old notion, an old argument: when you execute a terrorist, you created a martyr. (She said: "a risk") Yes, a martyr! Furthermore, she also argued that we should not have executed the American terrorist, McVeigh, because we create a martyr! Who will admire him as a martyr? I do not understand why she discussed McVeigh together with the issue of Muslim terrorism. She wants to save, from execution, those terrorists who killed 242 people in Kenya and Tanzania. Some of them are on trial in our courts. There is always an element of revenge. When you punish a terrorist, you know that his comrades might act...

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American Academy of Physicians Assistants - Essay Example The organization strives to enhance an improvement in healthcare through efforts to improve on the quality of the healthcare, the accessibility, and cost effectiveness (DEA Publishes Final Rule to Reclassify Hydrocodone Combination Products. (n.d.). The organization is guided by a comprehensive strategic plan through which the purpose for their existence is well laid out. Through such a comprehensive plan, the organization intends to achieve an acceleration of reforms both at the national and at the state levels majoring on increased access to healthcare and a reduction in costs (American Academy of Physician Assistants (AAPA)., 2012). They also intend to ensure that the patients who visit various healthcare centers get the value for their money. Through their consumer centric healthcare approach, the organization wants to make sure that key health decision making is left in the hands of the consumers of the products together with the key organizations who play a major role in the industry. They as well intend through competitive healthcare structures that the consumer get quality. Thie is well planned by way of consolidating the industry and the vertical integration of all the industry players. Such strategies are intended to open up the playing field making sure that there is a level play ground hence players are able to come in with their varied models (DEA Publishes Final Rule to Reclassify Hydrocodone Combination Products. (n.d.). These and more are the main issues that the society have come to realize as having an impact on the American population. Therefore, they are position the Pas by equipping them with skills and knowledge to combat such challenges head on. Through the values the organization stand for such as leadership and service, unity and teamwork, accountability and transparency as well as excellence and equity: the organization is able to impact positively on their stakeholders. The patients in the US as a result will be in the position

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Short - Essay Example The most commonly renowned African arts are figurines, vessels and statuettes. Sacred arts and ritual arts were adversely linked to elaborate and intricate beadwork of many African communities. An all-inclusive orality and musical performances, divinatory art, body art and style were additional ritual performances in African tradition. This paper describes sacred arts and ritual performances in African religion. Cherokee ritual ceremony was one of the African ceremonies, which were well organized and undertaken regularly. Cherokee ritual ceremony traces its roots from Algeria in the North America. Cherokee ceremonies were held with the cycles of mother earth. During the ceremony, positive attitudes were to be held to the later. It, therefore, emerged as a ceremony offering worshipping opportunities, socialization and bonding for the entire clan. Ceremonial instruments were used during these occasions such as drums, tuttle shells rattles and guard shell rattles. A sacred fire was an additional symbol for god’s existence during these ceremonies. Sacred rattles were a shambolic and symbolic representation of holiness. Currently, this ceremony is carried out by Afro-American based immigrants as well as the North African communities. Priesthood was a noble profession in the ancient African societies; in order to become a priest in the traditional African societies, the individuals had to be respectful, godly and an oratory individual who was able to convince the people to follow the gods were worshipping. Priests had to know all the social and cultural ways of his community. Priests had to woo a larger mass of their communities to become believers (Olupona 84). Lastly, priesthood was determined by faith of individuals. Those who were capable of strongly standing by the communities during times of dire need were automatically awarded priesthood positions. Being priestess in the African traditions was directly linked by the societal norms; women in most African

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Analysis Of Who Is Thutmose Iii History Essay Thutmose III also known as Thutmosis or Tuthmosis was the sixth Pharaoh of Egypt in the Eighteenth Dynasty who was one of the greatest Egyptian military leader and rulers. Thutmose III was Thutmose IIs son and his mother was Isis who is one of wives of Thutmose II. Thutmose IIIs Egyptian name Djehutymes means Born of Thoth, the god of writing and wisdom. Pharaoh of Egypt B. Why is it important to sketch his biography? Thutmose III was Egypts greatest warrior pharaoh. He transformed his country into the first great empire in the Ancient World. From 1479 to 1425 BC, he was a prolific builder of temples during his reign. He captured 350 cities and won much of areas which were the Near East, from the Euphrates to Nubia during seventeen that were known military campaigns. Thus he became an active expansionist ruler. He was the first pharaoh to cross the Euphrates, during his campaign against Mitanni. Therefore, on the Asmens walls temple of Karnak were transcribe of his campaign. II.  Ã‚  Ã‚   Early life A.  Ã‚  Ã‚   Date and place of birth The Egyptian king, Thutmose III, was born in Egypt in 1516 B.C. Thutmose III governed Egypt for nearly fifty-four years, and his regime was started from 24th April, 1479 BC to 11th March, 1425 BC which was also included the twenty-two years he was Hatshepsuts co-regent whom she was his stepmother and aunt. B. Family Thutmose III was the Thutmose IIs and Isets son. He was the pharaohs only son. Therefore, he would only the first person for the throne after Thutmose II died. When his father died, he became pharaoh, but Hatshepsuthis fathers widow, acted as regent and the dominant co-ruler and real ruler of Egypt because he was only the age of 7 at that time. She made all executive decisions through his childhood. She grew so accustomed to power that she yielded virtually no authority to Thutmose III until at least his late teen years. During this period Hatshepsut assumed the title Egypts and wore male a pharaohs regalia and donned the traditional false beard of a pharaoh. After she died, he must have truly resented her. Thutmose III removed Hatshepsut from Ancient Egyptian historical records in order to become a great warrior king who launched successful military campaigns Canaan, Syria, Nubia and Mitanni in Mesopotamia increasing the wealth and power of Egypt. Thutmose III married Hatshepsut whose Merytres youngest daughter. They had a child together named Amenhotep II. Moreover, he had other wives like Menhet, Menwi, Meritamen, Merti, Nebetu, Neferure, Sitioh and Yabet. He also had 11 daughters such as Ahmose Meritamen II, Henutan, Meryptah, Neferamen, Petkeie, Petpui, Sathora, Sitamen I, Takhete, Touai and Uiey. C. Education Thutmose III was very young when his father died and was the co-regent of Hatshepsut-his stepmother. Thutmose III was given an education befitting his royal station. He would have been taught about everything from culture and art to military and leadership techniques. He learned all military skills, including archery and horsemanship. Thutmose played very important and active part in the Egypts government. Thutmose III might have been entrusted with command of the army on campaign in Nubia twice. III. Political life A. First Campaign When Hatshepsut died, Thutmose III was twenty second year sixth month and ten day. According to information from the king of Kadesh where a single stela from Armant advanced his army to Megiddlo, on the twenty-fifth day of the eighth month, Thutmose III trooped his army and left Egypt, crossing to Tjarus border fortress (Sile). Thutmose led his musters through the coastal plain-Jamnia, then to Yehem which was a small city near Megiddo that he arrived in the same year of the middle of the ninth month. The Battle of Megiddo might be the biggest battle in any of seventeen campaigns of Thutmose. A mountains range jut from Mount Carmel stood which was between Thutmose and Megiddo, and he had three possible ways to take. Based on the accession of Thutmose III in 1479 BC, this date corresponds was 9th May, 1457 BC. B. Tours of Canaan and Syria The occurrence of the second, third and fourth campaigns of Thutmose III have not been any tours of Syria and Canaan to regain tax. Furthermore, the second campaign has been concerned to be the material directly of the first campaign. It collected tribute from the Egyptians, known as Retenu-roughly equivalent to Canaan, and it was known that Assyria gave a second tribute to Thutmose III at that time. Anyways, these tributes were paid until Thutmose III was forty years or later, thus the second campaign did not get anything to Thutmose III. C.  Ã‚  Ã‚  Ã‚   Conquest of Syria The fifth, sixth, and seventh campaigns of Thutmose III were against directly to Phoenician cities, city of Syria and also against Kadesh which on the Orontes. 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Relief on the seventh pylon in Karnak Attack on Mitanni Mitanni which was a Hurrian state and ruling class of Indo-Aryan was the eighth campaign of Thutmose IIIs objective after Thutmose III took over the cities of Syrian. He had to cross the Euphrates River in order to reach Mitanni. Thus by, Thutmose III enacted many strategies. Obviously, a militia was increased for the purpose to fight against the attackers; however, its vehicles were very poor. Then Thutmose III returned to Syria by Niy road, where was recorded Thutmose III started to hunt elephant. Later Thutmose III received tribute from other foreign states and he went back to Egypt. E. Tours of Syria The Mitannis ruler had raised a huge army and engaged the Egyptians around Aleppo in Thutmoses thirty-fifth year. As usual for any Egyptian king, there is a suspect statement said that Thutmose boasted a total crushing victory. 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The Darkness and Lightness of Choices James Joyce has used his writing of Dubliners to clearly represent the aspects of the real life happenings in Ireland. In his writings, he uses many techniques that allow his audience to find constant themes. In stories such as â€Å"A Little Cloud† and â€Å"The Dead† these themes allow the audience to grasp Joyce’s reasoning and hard message to the Irish people. In Joyce’s Dubliners the light and darkness of the story reflects choices made by the characters. In â€Å"A Little Cloud†, the main character, Little Chandler, chooses to have a wife, and lead a responsible, family oriented life. This is a distinct reflection of a â€Å"light† in his life. â€Å"A little lamp with a white china shade stood upon the table and its light fell over a photograph which was enclosed in a frame of crumpled horn.† (78) Joyce uses the concept of light, when images of Little Chandler’s wife are present in the story. This is another symbolic message presented by Joyce. â€Å"Why had he married the eyes in the photograph?†( 78). The idea of family is important to Chandler, but he begins to question its value upon a visit from his old friend. Like in many other stories by Joyce, light represents something important and good that go hand in hand with the choices made. In this narration, the wife represents a life of success, a success that is achieved through responsible decisions and dedication. In a similar instance, the wife in â€Å"The Dead† also represents similar ideas. Even though Gretta had had a rocky past and demonstrates darkness, her choice to marry Gabriel is another image of light. During the process of the story, many secrets from the past are revealed about Gretta’s past. After listening to the songs of the evening Gretta’s character is portrayed as a very sad women. There was grace and mystery in her attitude as if she were a symbol of something. He asked himself what is a woman standing on the stairs in the shadow, listening to distant music, a symbol of.

Beazer Homes Case Essay

Investors were lead to believe that the company financials were healthier than they actually were, as evidenced by the changes noted when the financial statements had to be restated. As a result of doing this, investors who were under the impression of a healthier position, continued to invest in an organization that was essentially doing nothing more than stealing their money; money which could have been invested into a different enterprise rather than padding the pockets of executives that didn’t earn it. As a result of having to restate financial statements, the per share price of Beazer Homes dropped from the $35/share price level in may, to approximately $11/share by the end of July. This is a significant loss in wealth for investors. In addition to the allegations against Mr. Rand for possible accounting fraud, allegations were also brought against Beazer Homes for mortgage fraud. To address the question as to which is a more serious offense, it would be our opinion that both would carry an equal weight of seriousness. On the one hand, investors were misled, as noted above, and this led to a significant loss of wealth for many, especially those individuals and/or institutions that may have held a large position. On the other hand, to address the issue of mortgage fraud, new homeowners were oftentimes cheated out of money that they paid to Beazer Homes. A example of this is when Beazer Homes would require purchasers to pay a fee for â€Å"interest discount points† at closing. Then Beazer Homes would keep the cash received and not lower the interest rate. This is just one example, but it can be an extremely costly one when you look at how much a . 25 percent or . 5 percent reduction in an interest rate can be over the life of a 20 or 30 year fixed rate mortgage; that’s if Beazer Homes wasn’t trying to convince people that an adjustable rate or hybrid mortgage would be better for their situation. Additionally, Beazer Homes ignored income requirements when making loans to unqualified purchasers, which not only put the purchaser in jeopardy of having the income needed to make their ayments, but in the event of default or foreclosure, it can have a significant impact on the home values of the neighborhood. As a result of these legal issues with Beazer Homes, the SEC issued a notice to the Beazer Homes CEO called the Wells notice. The Wells notice was created under the Sarbanes-Oxley Act of 2002, which states that if a firm has to restate their financial statements, the SEC can require the CEO and CFO to return any and all bo nuses that were received during the period of restated financial statements. Additionally, the CEO and CFO do not need to have any knowledge of errors. The SEC issued the Wells notice to the Beazer Homes CEO, Ian J. McCarthy, on 13 November 2009, indicating that the SEC would be brining a civil case against him to collect incentive compensation. In the notice issued to the CEO, there was no indication or allegations of cover-up, or misconduct, on the part of Mr. McCarthy with respect to the financial statements or other disclosures that were published during the period in question.