Ethics Reasoning Assignment – Lehman Brothers Relating Questions to Rubrics
1. Describe the situation at LB from an ethics perspective. What’s your opinion of what happened here? Rubric: Ethical Sensitivity or Awareness  Able to sieve out, recognize and identify ethical issues and risks in the case scenario  Recognizes ethical issues and their implications, including potential consequences to various stakeholders  Identifies aspects of the case situation that are likely to lead to a conflict of interest situation and/or making it susceptible to ethical risks2 (this rubric dimension overlaps the first 2). st You should pinpoint the unethical practices, actions and behaviour in LB (1 part of the qn).Then, discuss nd the implications and consequences for stakeholders resulting from these unethical acts (2 part of qn). 2. Could anything be done differently at Lehman Brothers to prevent what happened? Explain. Rubric: Ethical knowledge, understanding and Judgement  Able to raise pertinent questions or clarify relevant information to obtain a clearer understanding and/or form an appropriate judgment of the issues involved in the case scenario  Addresses relevant and incisive questions and the extent to which a clear understanding and judgment of the issues involved in the case scenario are exemplified with supporting illustrations  Proposes and discusses the ethical notions of rights, duty, utility, virtue, or justice and fairness in resolving the problems or issues Here, you should discuss the other ethical approaches covered in the course which could have been adopted. Explain why you think these alternative approaches are appropriate (specific to what you judge to be the unethical issues at LB) and support your arguments with illustrations. 3. After all the public uproar over Enron and then the passage of the Sarbannes-Oxley Act to protect shareholders, why do