WILLIAM DONALDSON
Sep 8th, 2010 by Jessica Li
http://www.pbs.org/newshour/bb/business/jan-june03/donaldson_4-29.html
This article is about companies cheating on investors by giving overly optimistic advice! By which it means they promised more than they can actually do. This action of course is against business ethics. They have got a strict and most ever they had for there business, the penalty of $1.4 billion to the government. This had a great impact on the whole Wall Street and the main part on the other half of the news talks about the reform of these businesses in the future.
Cheating is a broad type of immoral behavior, in the terms of business immorality, promising more than they could do especially to investors who’s the big group of social income will really harm them as in financial term and also harm their reputation if they are actually investing for others (their customer if it’s an investment bank of a firm).
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