Case Study: What Is Up with Wall Street? the Goldman Standard and Shades of Gray
ASSIGNMENT COVER SHEET
Learner: Demetrice S. Campbell
| | MGT7019-8 | Douglas Buck | | | Ethics in Business | #3 Paper- Case study: What is Up With Wall Street? The Goldman Standard and Shades of Gray | | |
Academic Integrity: All work submitted in each course must be the Learner’s own. This includes all assignments, exams, term papers, and other projects required by the faculty mentor. The known submission of another person’s work represented as that of the Learner’s without properly citing the source of the work will be considered plagiarism and will result in an unsatisfactory grade for the work submitted or for the entire course, and may result in academic dismissal. …show more content…
He gave loans to executive members in exchange for shares.
Many of the issues included the nondisclosure of facts that an investor would have deemed very important in making their investment decisions. Goldman and Sachs were guilty of false impression, simply because the investors were not aware of their position in the market. There is also the point of moral vulnerability and how allowing AIG to be bailed out provided a cover for Mr. Goldman and his sneaky business practices. Then there is the “too big to fail” issue, this is important because the investors were the one who lost money, not Goldman. He was protected. The front page of the newspaper test was a winner in this case because the headlines did not prove to