Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Personal leadership styles
Leadership Style
Leadership styles introduction paper research
Don’t take our word for it - see why 10 million students trust us with their essay needs.
To sum it all up, Bernard Madoff failed because he abused his leadership skills and he was oblivious to others well-being. His leadership style is also comparable to power abuse and corruption, which was stated in the PowerPoint lecture for week three. He used his leadership style as leverage to lure investors into investing into his pockets. He lacked empathy towards others because if he really cared about his investors he would have stopped his scheme a long time ago. Whenever people with high power abuse their power they often fail because of the corruption they cause. Some people cannot handle having power and having a great leadership style because they will feel the need to take advantage of others just as Bernard Madoff. Overall, Madoff
Madoff started the scheme by misleading his clients to think that he was an elite investor because he was on a vast amount of important boards. Many believed the scheme and invested billions of dollars with Madoffs company. He was able to achieve some of the scheming through running his investments through a different part of his business. This was a way for only him to see the investments and the financial reports behind the investments. Bernard Madoff involved people
...FO at the Houston airport. While Mr. Fastow's parents were undergoing a random search, he stopped to chat with Mr. Schwieger. "I never got an opportunity to explain the partnerships to you," he said, according to Mr. Schwieger. Mr. Schwieger replied, "With everything that has come to light, I probably wouldn't like the answer I would have gotten."
Enron corporation, a company establisted at 1985, in Taxes. Until 2001, it becames one of the biggest company in the world, which service for energy, natural gas and telecommunications. In 2000, the disclosure turnover reached $101 billion. Everything is going well for Enron corporation. However, at beginning of 2001, Jim - a good reputation of the short-term investment agency owner. Publicly on Enron’s profit model expressed doubts. He pointed out that alough Enron’s business looks very brilliant, but in fact they cannot really make the amount of moeny like the data shown before. No one can say they can understand how Enron is making moeny. According to the inverstment owner’s analysis, Enron’s profitability in 2000 to 5%, to the beginning
The Bernie Madoff Ponzi Scheme is a well-known case and is known as one of the biggest Ponzi scheme’s. In summary the scheme occurred for many reasons that I will some up into 3 points; A lack in competency by regulatory agencies, a lack of regulation, and finally a breach in ethics by Bernie Madoff himself. To explain further, the regulatory agencies like the lawyers and SEC are supposed to prevent schemes such as this one from happening but because they lacked the skills to correctly assess the situation, interpreting the number of tips they had received regarding scheme that had been filed, and to act on those in an efficient manner. One of the tips was made by Harry Markopolos in 2000, of who correctly predicted that Madoff was guilty of fraud. Even after this tip from Markopolos, Madoff was not arrested until 2009. Many family members were also a part of the fraud along with some non-family members such as Frank DiPascali and a team known as the 17th floor team, who helped Madoff carry out his fraud. The idea behind Madoff’s fraud was that he would produce false statements of their investments and when people wanted to pull out their investments, the money wasn’t actually there, which rightfully rose more than a few eyebrows and ultimately led to his arrest.
...y were “earning” that they continued to invest. Most never tried to cash out their earned dividends and had the profits reinvested. There were a few people that did receive their profits and it became known in Madoff’s RICO case that they were all his friends. His friends were able to profit greatly from this scheme. One of his friends Jeffry Picower was able to make $5,771,339,795 from his investments in Madoff’s company. It was well documented in the RICO case that Picower told Madoff how much return on his investment he wanted and then he got that amount. In one particular instance he was able to have over nine hundred and fifty percent returns on his investment. This is an astronomical amount for a return on a stock investment. Picower was one of many believed to have known about the scheme, but most investors did not know they were being scammed.
The dilemma shows that although there are leading people in all corporations most leaders cannot be trusted with big responsibilities. Choosing this real life scandal educates me in what is happening in my major of business and it also opens my eyes to what essentially can happen in big corporations like Enron. Pondering on this dilemma allows me to bring up a different approach. Asking why those leaders weren’t caught in the beginning? In a small business like a sporting store or grocery store thefts are caught at hand and penalized for their wrong doings. This turns into a leadership dilemma we are faced with the questions of, what those leaders of Enron believed to be right and wrong or in their heads what was right and right.
The subject that I have chosen for this essay is Harvey Weinstein. Weinstein is a former movie producer for Miramax and concert promoter who has been accused of rape, sexual assault, and sexually harassment by 83 women in total. Women that he raped and tried to force to have sex with include actress Gwyneth Paltrow, Lisa Rose, and Rose McGowan, just to name a few. Weinstein will go on trial soon in response to some of these rape allegations (Rutenberg and Eber 1-2). The Weinstein case brings up the issues of gender inequality and sexism, ideas, and cultural frameworks that have existed and continued to survive since the beginning of time. The actions of Weinstein have been able to perpetuate over the years,
Ethical behavior, in a general sense, is a definition of moral behavior in regards to lawfulness, societal standards, and things of that nature. In the business world, ethics commonly refer to acceptable and unacceptable business practices within the workplace, and all other related environments. The acceptance of colleges regardless of ethnicity, gender, and beliefs, as well as truthfulness and honesty in relation to finances within the company are examples of ideal ethical business conducts. Unethical business behavior would include manipulating procedures based on bias or discrimination, engaging in activities that promote political gain, as well as blatant fabrication of monetary factors within the company and “can affect organizational performance and is costly to employers, employees, shareholders, and other organizational stakeholders” (Cox 263). When a corporation practices proper ethics, it is representing not only itself in a positive manner, but its partners, shareholders, and clients as well. On the other hand, when an organization partakes in unethical activities, all parties are negatively affected. The collapse of Enron is a major case of unethical conduct in the corporate world, because the circumstances surrounding the firm’s chaotic plunge where so scandalous that it left “creditors wrangling over Enron's skeletal remains” (Helyar) long after the company had seen its demise. There are numerous instances to be mentioned, including deliberate failure to properly report fiscal losses, insider trading, and overall relentlessness. The inclusive purpose of this paper is to further explore the underlining factors that contributed to the downfall of the once powerful Enron, and how a new way of approaching business ethi...
From the anti-Jews case of Adol Hitler to the distressing fraud action of Jeff skilling in Enron, considering the conning case of Charles Keating to the case of Dennis Kozlowski, and from the brutal case of Chairman Mao Zedong of china to the fierce act of Albert. J. Dunlap of Sunbeam (Lipman-Blumen, 2004). One can therefore say the antiquity of politics and business enterprises is heavily endowed with toxic leaders. These self-destructed people crave power so much that they make extremely vicious decisions meant to benefit them and degrade others. Toxic leaders intent to control everyone around them, they accept and enjoy the work credit of their followers and conclusively deny any blame. Even though these toxic leaders shine in the moment of grandeur, they ultimately have a habit of failing horribly, abandoning their businesses in shreds and setting their embarrassing deeds in history.
The business world holds high expectations regarding what is ethical and what isn’t. Ethical behavior is behavior that a person considers to be not only appropriate, but also credible. When we are born, it is our parent’s responsibility to raise us in a way that teaches right from wrong. However, life becomes different when we are able to think for ourselves because then it becomes our own responsibility to decipher between right and wrong and this is when our moral principals begin to shape. As our moral principles continue to develop it can, at times, be severely affected by the people we associate with. There are many things that can influence how a person views the difference between right and wrong; family, life experiences, culture, and religious beliefs are just a few examples.
Could their wait be justified? Perhaps Madoff blame his card very well not be have been caught for that long. Not only was he let go by the SEC’s Boston office, the New York office of the SEC in 2005 had more evidence of Maddof’s scandal but still failed to see the fire in the smoke. So the SEC was not the only organization that failed to uncover Maddof, the Irish authorities did as well. Madoff used Irish funds in his scandal and that is believed to have played a big role in him suceeding in the scandal and keept him from getting caught sooner. A new book ( 'Pyramid Games) written by Michael Leidig claimed the Central bank of Ireland had a great chance with all the evidence to unravel Mr. Madoff but failed just like the Boston and New York office of the SEC. The author of Pyramif Games, Michael Leidig claimed when Mr. Maddof applied to secure Irish funds he had to fulfil a lot of requirments including very important information which should have been sufficient to uncover Mr. Madoff’s fraudulent deals. So how did Bernie Madoff suceed in staying invisible and kept in businesd to make money through fradulent schemes? The answer lies solely in the scheme. He didn’t need any special strategies to achieve as much as he did. Ponzi schemes as described earlier in my report is moderated by an individual of a group of people who dupe investors to invest in a non-existence security where returns are assured.
Madoff didn’t show remorse for his decision when finally sentenced and confessed with pride to his crime. He held positions of power and was respected in investment circles. He was elected to NASD advisory council which he served on the council for four years and he also sat on numerous NASD committees and task forces, chairing several. We as a society expect people in these positions to act responsible and ethically when making decisions that will affect many people. We as a society hold people in higher positions to higher standards. Their reputation is supposed to reflect the way they do business. If they are highly respected than we expect them to be respectable in their business dealing. Madoff was greatly respected on Wall Street but he used his reputation as a way to shield himself from scrutiny. His firm advertised high ethical standards even though He knew that no one would expect him of illegal activity because his business reputation was impeccable. This just allowed him to lure in more investors and gave him an inflated sense of being invincible. He allowed his greed to override any sense of common decency and make the decision to keep this rouse going for so
In 1960, Bernard L. Madoff started a modest penny stock investment firm named “Bernard L. Madoff Investment Securities” in New York City. Madoff's firm made itself unique by using a new computer system to propagate quotes before the NASDAQ existed and this innovation made his firm very successful. Up to now Bernie Madoff was the epitome of successful stockbroking in America. However, Madoff quickly fell victim to the seduction of what his reputation could bring. By using his newfound financial success and sparkling reputation Madoff quickly began to dabble in front running, ponzi scheming, and ultimately complete fraud by forging return statements. Today, Madoff is known as the largest financial criminal in history after accruing 64.8 billion dollars from his clients by fraud.
Warren Buffett, the CEO of Berkshire Hathaway, which owns many different companies, is one of the most successful business leaders of our time. According to Howard (2014), he is the second richest American, coming in at a net worth of over $70 billion. Besides his personal net worth, Berkshire Hathaway is the fifth-most valuable public company in the United States at $350 billion (Howard, 2014). While he is clearly a very wise investor, Warren Buffett is also a successful leader. As stated by Spindler (2010), leadership is a crucial part of any successful business, and good leadership is what Mr. Buffett portrays. The analysis given in this paper will show Warren Buffett’s values and leadership qualities, his leadership style, as well as looking into his influence he has on his followers.
This discussion based to support the organization vision in given situation and make successful leadership style and strategic management that can bring successful organization. This article based on the case study of Enron the Giant failure in 2001. Moreover, this article analyze about unethical leadership and management practiced in Enron Corporation.