In the 2004 hit movie, “13 Going on 30”, Jennifer Garner plays Jenna Rink, a 13 year old girl who becomes her future 30 year old self overnight. It is seen later in the film that as an editor of Poise magazine, she had a secret deal with their top competitor, Sparkle magazine. Jenna had been leaking Poise magazine’s material to Sparkle for months with the agreement that she would have a contract with Sparkle if their sales rose.

The question is, how does this relate to business ethics? Perhaps a real life example can explain.

JPMorgan Chase & Co. is a multinational banking corporation of securities, investments and retail.

“According to the Securities and Exchange Commission (SEC), J.P. Morgan Securities LLC made secret deals with companies that allowed them to get a glimpse of what other competitors were offering cities and countries for their business thus rigging dozens of bids.” (Technorati.com article)

Because of this scandal, JPMorgan Chase & Co. may be seen in a negative light in the business world. The employees who caused this scandal’s business tactics are unfair, therefore other companies and corporations will not want to work with them. As a representative of JPMorgan Chase & Co. has assured that these employees have been fired, hopefully they can move on from this scandal for fair business practise once again.