Wells Fargo Fake Accounts Scandal

March 15th, 2017 by Kara in Case Studies

By: Harley Comrie Republicans in Congress and Donald Trump want to roll back Dodd-Frank regulations to help banks become more profitable, and remove ‘burdensome’ regulations. These politicians apparently forget that so-called ‘light touch regulation’ was a reason for the Great Financial Crisis (GFC) of 2008, the effects of which haunt us still and carried President Trump to power. It is helpful to remember even after the GFC, bank scandals recur with dismal regularity and that regulations form the thin red line protecting consumers from the greed of financial institutions. The following is ...

Ethics Analysis: Foreign Bribery

March 2nd, 2017 by Kara in Case Studies

By: Rachel Thomas Part 2 in SPI’s Trump Financial Ethics Watch Series Trump’s Repeal of Disclosure of Payments Rule for Oil and Mining Companies On February 14, President Trump signed his first piece of legislation, H.J. Resolution 41, repealing an anti-corruption measure that required oil and mining companies to disclose their payments to foreign governments. The resolution repeals a Securities and Exchange Commission (SEC) rule written under the 2010 Dodd-Frank financial reform law. The purpose of the SEC rule was to safeguard against corruption in resource-rich countries by mandating companies on US stock exchanges ...

Ethics Analysis: Trump’s Conflicts of Interest

February 16th, 2017 by Kara in Case Studies

By: Michelle Chan Part 1 in SPI’s Trump Financial Ethics Watch Series Donald Trump’s Conflicts of Interest As President Donald Trump has adjusted to his first month in the White House, a host of questions have arisen about the future of his multi-billion dollar empire during his time in the Oval Office. After all, President Trump represents something entirely new in the White House; he will be the first president to be actively involved in over 500 local and global companies (as listed on his FEC filing) with ongoing litigation against his businesses and a ...

Ethics of US Student Loan Debt

February 13th, 2017 by Kara in Case Studies

  By: Victoria Tse Americans owe nearly $1.3 trillion in student loan debt spread out among 43 million borrowers, putting it only second behind mortgage debt as the highest level of consumer debt. To illustrate the magnitude of the student loan debt crisis, consider the following. The average Class of 2016 graduate owes $37,172 in student loan debt, up six percent from the previous year (Student Loan Hero). That intimidating figure continues to rise with each graduating class incurring more debt than the preceding class. According to the Consumer Financial Protection Bureau, ...

Pharmaceutical Industry Ethics

January 19th, 2017 by Kara in Case Studies

By: Rachel Thomas Part 2 of the Valeant Pharmaceuticals Series In a capitalist free market, the goal of business is to sell a product to satisfy demand. The company’s objective is to maximize profit, without breaking the laws of the land. This profit motive is generally accepted as a characteristic of the free market and rarely raises ethical questions. However, there are industries where social good may take precedent over profit. The pharmaceutical industry presents one instance. The pharmaceutical industry is a unique and significant component of the international economy. It faces ethical ...

The Valeant Pharmaceuticals Case

January 5th, 2017 by Kara in Case Studies

  By Yucheng Lu This case study is about Valeant Pharmaceuticals, a Canadian-based multinational pharmaceutical company. The company is under investigation for its pricing practices, which have allegedly resulted in extremely high prices on medicines in the U.S. market. Additionally, its inappropriate disclosure of inter-corporate relations alarmed investors, who are concerned about possible manipulation of the insurance system. This case study finds Valeant’s behavior in both healthcare and equity markets to be unethical. Stakeholders should be aware of the risks associated with Valeant. The Core Players: The main players involved in the Valeant’s scandal are as follows. Valeant ...