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    State of business ethics

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    What happened to ethics over the last 5 years? Enron, Tyco, Worldcom, Martha Stewart, and so on, why has this happened?

    Has ethics been extinguished away? Did we ever even have ethics in the corporate world?

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    Solution Preview

    This issue is of business ethics which examines ethical rules and principles within a commercial context; the various moral or ethical problems that can arise in a business setting; and any special duties or obligations that apply to persons who are engaged in commerce. Business ethics has eroded in the recent years. This can be well supported by the maligned cases of the companies which are mentioned in the query. This has happened due to numerous factors. Prominent of them are greed, lax government regulations, deteriorating character and culture. ...

    Solution Summary

    This explains the State of business ethics. Whether ethics has been extinguished away is determined.