Seminar paper from the year 2003 in the subject Business economics - Business Ethics, Corporate Ethics, University of Phoenix, 6 entries in the bibliography, language: English, abstract: The newspaper headlines are littered with corporate scandal news. Boeing Corporation paid a settlement of $10 million in a charge that it had illegally ...

Seminar paper from the year 2003 in the subject Business economics - Business Ethics, Corporate Ethics, University of Phoenix, language: English, abstract: The newspaper headlines are littered with corporate scandal news. Boeing Corporation paid a settlement of $10 million in a charge that it had illegally exported satellite-launch technologies. Later, they paid a $15 million settlement charge in an age discrimination suit brought by the EEOC. Merrill Lynch paid $15 million as settlement in its commodities scandal, and $400 million in 1998 as settlement for a suit that it had given reckless investment advice leading to Orange County, California’s bankruptcy. Enron, Arthur Anderson, WorldCom, and more have underscored the problems that are arising due to corporate greed (Kinard, Smith, & Kinard, 2003).Yet, despite this disturbing trend of corporate mismanagement and greed, another trend is emerging, one of social responsibility. This paper will discuss what corporate social responsibility entails and why corporations are more frequently deciding to participate in these types of programs. Finally, an overview of some of the programs currently in place will be given.