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Solyndra

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Founded in the year 2005, by Dr. Chris Granet, in the Fremont District of California, Solyndra is a company that deals in Solar Energy. Involved in the manufacturing process of Tubular Solar Panels, it’s an unrivalled player in this business. The company also offers a variety of other Solar Product options, as it’s been in the books of most solar manufacturing companies to use Flat panels which are traditional to Solyndra’s PV Solar System. Contrary to the Standardized solar panels as used in Ballast, the Solar Products manufactured by Solyndra are not entitled to be Standard specific. (David 2008).
The manufacture and exercise of solar panel have a true ethical implication. There are issues wherein the admission to solar panel and the economic development has led to the distribution of resources that has affected the environment and also due to the usage of exhaustible resources with the purpose of certain kind of ethical values.
As the Solyndra’s problem gradually started since 31st August 2011 onwards as the filling of legal plaintiff in the bankruptcy case (chapter 11). It had to receive the payment of more than half a billion which was basically a loan funding from the energy department of US after 2 years, $25.1 million dollars were also added which was generally tax exempt from the California’s Alternative Energy & Advance Transportation Authority (CAEATA), they were also given the permission to provide a helping hand to the Solyndra finance in the process of manufacturing of solar panel development panels (Anderson, 2012). Owing to the fact that the loan amount was huge but it was still possible because energy law was passed in the year 2005 that highlighted the official department so as to question on the passed loan amounts for the new invention projects that aimed at reducing the air pollution. Hence more than 1100 employee were informed to leave the company since the developing and the manufacturing sectors of the company were stopped. There were many reasons for this company to come to a stop but the main being that the price raw materials and the resources had become more and more expensive day by day which increased the production cost. The company experienced a huge loss since the prices of the solar panel fell badly in the market; it was so because there was a sudden increase in the competition from the Chinese developers who were selling the product at a cheaper rate. The last attempt was done to save the Solyndraon 30th august failed because management could not prove that by investing more money the company will overcome the crisis. It had been bankrupt and there were no amount left even to carry out the daily activities (McGrew 2011). There was an analysis done that shows the concern regarding the resource depletion and the effect of the environment on the solar panel. Hence the issue of social equity has always been an evidence on the validity of the social structure.
The legal and ethical issue which were faced by Solyndra:

Some days before and some days after the company filed for bankruptcy, it was noted that the company was examined by the federal criminal investigations US (Saleem , 2011). Hence the investigation was done by the by Attorney’s office & department of justice. Now we shall discuss the issue in detail. . . . . . . . . . . . . .. . . . . . . . . . . . .. . .. .
The Legal issue of the company-Here the first and the fore most task for the company was tract the people who had distorted the financial of the company and always find whether there was any fraud in the accounting practices of the company (Anderson, 2012). Many issues evolved but one was quite alarming where the Republican group stated that there were no issues on the Solyndra’s dismissal. The motive behind this might be to take the charge over the energy firm. There were some issues where the company was refunded by the confidential investors because if Solyndra had finished before the tax payers than there would be a tout which would go against the energy law of 2005 as stated by the U S office of the trustee, an arm of justice department that stated that the company had some other various legal issues which was given by the employees of the company. The employees were extremely angry with the organization and demanded to compensate their salaries because they were removed from the company without any procedure that the companies practice. There wer no proper communication made from the management end, hence the employees sued the company. The employees informed the management to follow the the WARN (Workers Adjustment & Retraining notification) acts which states that any employees need to be informed before 60 days of being laid off and also have do the payment for the 60 days’ notice period. Hence there were other benefits like 401 (k) as well. There were more than 1100 employees who are entitled to this compensation (Anderson, 2012). . .. . . .. . . . . . … . . . . .. . . . .. . . . . .. . .. . . . . .. .. . . .. . . . . . .. . . . . . . .. . .. . .

Ethical issues faced by the company- SolyndraGeorge Kaiser an investor who also invested in the Obama’s presidential campaign. He is known for the quick release of huge amount of loan without any sedulous effort being taken (Texas Vox 2011). Since the energy sector had been bankrupt and there were a lot of debtshence itcouldn’t invest or be a part of the primary election of 2010. Two laws were generally ignored in this Solyndra case i.e
Energy Policy of 2005- It had the energy rules of 2005 that clearly stated the department of energy can consult with the OMB and can also take suggestion from the treasury secretary before any changes were made. There was a clear ignorance on this law by the company, they did not follow this policy and went on their own decision. They preferred to go with private investors.
Avoidance of the taxes- The Companyavoided the taxes hence expecting a return for the bankruptcy making millions of dollars by operating in the company in a loss which was intended in future (Trivedi, 2012). Here the ethical concern was the honesty that hampered the growth of the company because they didn’t fell necessary to inform the DOE on the financial crisis. The company had already undergone into financial crisis before the sanctioned of any kinds of loan and it was also found that George Kaiser had invested more than $75 million to help the company come to a better state in the market (Saleem , 2011). . . . . . . . . . . .. . . . . . . . . . .. . . .. . . . . . . . . . .. . . . . . . . . . . . .. . . . . .
ETHCIAL FRAMEWORK THAT COULD HAVE HELPED THE COMPANY
Now let discuss on the ethical framework that could have been the savior for the company. First of all the government could have stop the particular sector to startup venture capitalist companies and drive these companies to focus only on their core matters i.e energy or any other business. By doing this the company could be able to create an ethical frame work that would help in the sustainable development. It shall also benefit the environment since there would be less pollution, reduction from the misuse of resources which is turn help to balance the increasing Global Warming that has been creating a lot of problem in the weather pattern ( Woody, 2011).
During such a crisis company could have followed Milton Friedman’s Philosophy. Milton was a great economist in the 20th century, who always advocated on the government intervention in the free markets. He believed that if there were no intervention from the government then there would be immense growth which would raise the success in the market, hence many countries followed his school of thoughts and gained from it. Hence in the case of Solyndra there was a great ntrference from the government which eventually lead to the loss of more than half a billion on taxes.(bowman , 1990). . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . .
The impact of bankruptcy of the company mostly effected the executives of Solyndra, these executives appealed in the midst of the house board for the bonuses to be paid which amounted to $ 370, 000.The investor testified that there was no interference from the government side on the activities of the Silicon Valley energy firm which would have saved them from the crisis. Hence the day after when the senior manager of the energy department had discussed on the mattes for the 350 million dollars, all the senior advisers defended the organization since it was to do with the company’s reputation. Steven J. Spinner an investor who invested for the Obama’s group and had also invested in the Silicon Valley showed the direction and provided help to the government by investing in the clean technology companies and his wife once worked for Solyndra . Hence now the bottom line of the crisis is that only government could save the company from the crisis and can help them to continue their business of manufacturing solar panel. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . .. . . . . . . . . .. . . . . . . . . .. . .

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