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Managerial Decision Making

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Bernard Madoff, a once highly regarded member of the Wall Street community, recently pleaded guilty of running a $50 billion ponzi scheme. Research the driving forces behind his seemingly unethical behavior and discuss your findings. How did favoritism and bounded ethicality come into play in this case? 200-300 words APA

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The response addresses the queries posted in 391 words with references.

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The response addresses the queries posted in 391 words with references.
//Before finding the driving forces behind the unethical behavior of Bernard Madoff, first, we have to understand the 'Ponzi scheme Case'. Then, we will discuss the driving forces behind his seemingly unethical behavior. I am providing just an overview about the case, so that you can understand the concept effectively.

Driving Forces

Bernard Madoff was accused for the $50 billion investment fraud. He was charged for making the 'Ponzi scheme' under this, he made a fraud of $50 billion. The investment plan is just a big lie or just a big Ponzi scheme. In this scheme, the return to the investors is provided from the money, ...

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Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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