Corruption in corporate America Essay Example | Topics and Well Written Essays - 500 words

Corruption in corporate America - Essay Example This kind of immoral behavior put my friend in a moral dilemma. He wanted to keep his job and was aiming for a promotion. Nonetheless, he felt uncomfortable with the price which is having an unfair advantage as compared to his colleagues. He did not really relish the idea that he got a higher ranking because of the unpaid money that he lent his superior. Whether my friend would or would not give in to his department head’s request, this experience may mar the rest of his career. In a macro level, favors in exchange for advancement in the workplace create a vicious cycle of unethical professional conduct. â€Å"If a company engages or tolerates corrupt practice, it will soon be widely known, both internally and externally† (United Nations, 2011). If left unchecked, a number of individuals in position may be in power without the required characteristics. Overall, this leads to ineffective organizations. In this particular issue, borrowing money among employees of unequal ranks should be greatly discouraged. Policies should be implemented to promote respect, loyalty, and honesty in businesses, companies, and other institutions. These values should be upheld specially in revered organizations such as the academe. As individuals who hone the hope of the future generations, ethical principles must be significantly observed. â€Å"Ousted Egyptian President’s Sons Face Corruption Charges†, this is currently one of the headlines in international news (Hendawi, 2012). According to the report, along with Hosni Mubarak, his sons are facing accusations on corruption and killing protesters. Apparently, they were not transparent as to their financial statements. Specifically, they did not declare their 80 % share in Al Watany Bank of Egypt to surreptitiously utilize it in their personal financial motives. In addition to this, it was recounted that there are also other kinds of corruption that the Mubaraks have been busy with. Clearly, this kind of social concern