What are the ethical implications of this scenario

Assignment Help Other Subject
Reference no: EM13831696

The Pressure to Overstate Stock Valuation You have been the Chief Financial Officer (CFO) for a large pharmaceutical company for 15 years. The Company's year-end is March 31 and you are finishing the year end accounts. You have recently been advised by the Chief Operating Officer (COO) of a significant level of slow moving stock. The stock in question is now more than nine months old and would normally have been written down some months previously. The shareholders are trying to sell the Company and the Chief Executive Officer (CEO), who is also the majority shareholder, has told you that it is not necessary to write down the stock in the year end accounts. You are sure that the CEO wants the financial statements to carry an inflated stock valuation because he has found a prospective buyer for the Company. The CEO has mentioned to you that if the proposed deal is successful, all employees will keep their jobs and you will receive a substantial pay increase. What are the ethical implications of this scenario and how would you resolve them? Are there any ethical theories that might support your answer?

Reference no: EM13831696

Questions Cloud

What messages are they trying to convey in their poetry : Write a comparison, using poems from the assigned reading, that includes at least three terms defined in the Poetry Lecture as well as the poets' purpose in writing. What messages are they trying to convey in their poetry
What are the main points and arguments of the author : What are the main points and arguments of the author(s)? ? What is your opinion of the article? How does the article relate to your experience or current job in the public or nonprofit sector?   ? How can the points and arguments of the author(s) be ..
Determines which member has the largest magnitude force : Determines which member has the largest magnitude force. Reports to the Command Window which member has the largest magnitude force and the value of the force in that member.
Nonconventional expenditures affect finance : How do you feel nonconventional expenditures affect finance and budgeting policy in your state? ? What budgetary tools were used to deal with the nonconventional expenditures? How did the political considerations of the state legislature and governor..
What are the ethical implications of this scenario : The CEO has mentioned to you that if the proposed deal is successful, all employees will keep their jobs and you will receive a substantial pay increase. What are the ethical implications of this scenario and how would you resolve them? Are there ..
Describe the cultural developments you noted : Describe the cultural developments you noted and then evaluate their application to modern life. Notice any compelling themes here. Are there any common themes or persistent forms of expression, or especially vital historical periods among your choic..
Globalization poses to the role of the nation-state : Which argument do you find most convincing? Why? Regardless of your answer, what do you believe is the most important challenge that globalization poses to the role of the nation-state today
Budget and finance professional for a mid-sized county : You are a budget and finance professional for a mid-sized county that desperately needs funding for a new county jail, road repair and expansion, and improvements to several schools. Citizens have been resistant to an across-the-board tax increase. A..
Discuss how these types of jobs are similar or different : Compose an essay of no less than 500 words discussing the topics covered in this unit. Your essay should include a description of at least three jobs that budgetary and financial management professionals may perform in the public sector. Discuss how ..

Reviews

Write a Review

Other Subject Questions & Answers

  True or false healthcare organizations that use

1. true or false. deeds allows for entering more than one chief complaint on a single patients visit to the emergency

  Select on of the scenarios on which to focus your

select on of the scenarios on which to focus your informative paper. research the topic and include credible sources

  How do gender stereotypes-androcentrism

Put it all together. Consider what the questions you have answered above. How do gender stereotypes, androcentrism, and differences in styles of communication lead to the communication problems listed in your book? (You really have to think about thi..

  Interoffice memo for all employees

Write a 350- to 500-word summary in which you create an interoffice memo for all employees that explains this legislation. In your memo, also include the following information:

  Immigration law

Discuss the principles of jus soli and jus sanguinis. Which does the US follow?

  Meaning of body language is a key component of communication

Understanding the importance and meaning of body language is a key component of communication even a service encounter. Complete the "Search It Out" Internet search, Prepare a two-page report on two of the topics listed.

  What spiritual issues surrounding a disaster

What spiritual issues surrounding a disaster can arise for individuals, communities, and health care providers? Explain your answer in the context of a natural or manmade disaster. How can a community health nurse assist in the spiritual care of the ..

  Exercise assignment basic accounting equations

Exercise Assignment Basic Accounting Equations

  Six dimensions of wellness

The six dimensions of wellness

  Government and citizen reciprocity

Briefly, identify and explain 3 ways that government in the United States affects the lives of citizens. Identify and explain three specific things that citizens can do to maintain or improve the positive effects of government in the United States?

  High blood calcium levels-tumorous parathyroid gland

Richard Neis had symptoms of excessive secretion of PTH (high blood calcium levels), and his physicians were certain he had a parathyroid gland tumor.

  Managerial activities and behavior affected

How are managerial activities and behavior affected by the level of management, unit size and lateral interdependence?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd