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Unformatted text preview: Jim McErlean Project 1 Overview of Business & Ethics Bus 100 section-300 Submitted to Professor Larry Odelson Moraine Valley CC Submitted by: Jim McErlean Date: 6/22/08 1) The first article, by Curtis Verschoor, is about the recent ethical issues inside the conglomerate Siemens AG. Siemens AG is a massive German based company that sells electronic and engineering products, along with a variety of services, for transportation, power generation, and telecommunication to name a few. Siemens was known for its emphasis on strong ethics and corporate responsibility. Siemens makes it stance very public, and has a strong checks system within the company. Siemens was very successful, and a strong model for companies worldwide. Until April of 2005, when news began to link of possible bribe scandals, employees of the company paid $70 million to secure a gas combine contract. A trial even went to the Illinois, where a grand jury convicted three employees of trying to buy contracts for $45 million. Klaus Kleinfeld, CEO of Siemens AG, vowed to clean up the company, and secure all sections of the company. As time went on vowed to clean up the company, and secure all sections of the company....
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This note was uploaded on 07/14/2008 for the course BUS 100 taught by Professor Larryodelson during the Spring '08 term at St. Mary MN.
- Spring '08