Tyco legal case: I need to critical analyse the ethical issues involved in the case by giving:
A short desciption of the case.
Identification of the ethical issues involved, like what was the alleged ethical wrong done, and why is/was it wrong?
A statement "in their own opinion, of whether it was wrong or not, and more importantly, why?
Thoughts on what could have been done to avoid the problem and do we need more laws and government regulation? What internal controls might have prevented this situation?
Was the problem more a matter of individuals gone wrong, or was it more systemic and organizational?© BrainMass Inc. brainmass.com June 4, 2020, 3:21 am ad1c9bdddf
Tyco was a large global electronics firm and acquired many companies in the process of growing. In recognition of the firm's amazing success, Business Week magazine listed Tyco CEO L. Dennis Kozlowski as one of the top 25 corporate managers of 2001 (USA Today, 2005). Over a fifteen year span, Tyco added over 40 major new firms to its empire as well as smaller firms. Their stardom became to come unraveled when news of abuses of managements' power and self-dealing came to light.
Tyco's management was unethical. They used their power to give themselves extremely large interest-free loans and they threw lavish parties (one birthday party was over $2,000,000 by itself) to flaunt their power and wealth (Obringer, 2012). They also failed to properly report these self-dealings and the level of compensation (non-salary ...
Your tutorial is 408 words plus four references.