Thursday, February 27, 2020

Leadrship Development and business Ethics Coursework - 1

Leadrship Development and business Ethics - Coursework Example Druyun later retired from her government position and joined Boeing. However, both Druyun and Sears were later fired for ethical misconduct based on the allegations from the US Department of Justice. When an internal probe into the ethical issues was conducted it was discovered that Druyun and Sears were involved in unethical activities and that the Boeing chairman Philip Condit was also involved in the discussions. With both Sears and Druyun pleading guilty of ethical misconduct they were both slapped with fines and respective terms of imprisonment. In another ethical issue, Boeing was accused of having accessed trade secrets of its competitor, Lockheed Martin and for which a former top executive was charged with ethical misconduct. Several other such ethical issues cropped up during the tenure of Condit. In one such case it was alleged that Boeing had manipulated its financial statements in order to clinch a merger with McDonnell Douglas. Another law-suit was filed by female employ ees of Boeing accusing the company of discrimination by lesser pay for the women employees and refusing their promotion. In addition the company was also accused of racial discrimination towards its employees especially African Americans. Condit was also known for his romantic liaisons with the female employees at Boeing. Later following two ethical scandals on the issue of bribes and sexual harassment, Condit resigned from his post of CEO which was then taken up by former President and Chief operating officer, Harry Stonecipher. Less than two years later Stonecipher had to resign his post due to an extramarital affair with a female Boeing employee that stood to violate the code of conduct of the company. Thus major ethical issues within the company involved CEOs who are expected to set and follow ethical standards. And most of the issues involved financials stakes and personal interests. While the

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