In present times, corruption is a major factor hindering development and stifling growth of organizations around the world. It creates an inequality in the distribution of income and wealth which results in the rich getting richer and fulfilling their ulterior motives while the poor are cheated and eventually reduced to absolute poverty.
Looking at the example of Bernard L. Madoff, who orchestrated potentially, the largest scam in history, was able to do so only because of his admirable public stature and image. He promised his investors record dividends which fed their own greed. Owing to his success on wall street, there was a point in time where people literally begged him to invest on their behalf. But in reality, he was …show more content…
These acts of ruinous nature cannot be isolated Madoff and Gupta alone, but are common practices among various leaders belonging to different walks of life. Thus, when people occupy positions of power, they must be wary of the effect their every move has on the larger community and hence act