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Unethical Business Reseach

In: Business and Management

Submitted By makunenge
Words 733
Pages 3
Introduction
Unethical business research continues to be a problem facing corporate America in the 21st century. According to Cooper & Schindler, (2011, ethics are norms or standards of behavior that guide moral choices about our behavior and our relationships with others. The fundamental goal of ethics in business research is to adhere that in the end, the research outcome does not cause harm or grieve to the parties involved. Unethical business activities include but not limited to; violating non-disclosure agreement, breaking participant confidentiality agreement, using invoicing irregularities, avoiding legal liability, misrepresenting results, pervasive, and deceiving people (Cooper & Schindler, 2011).
This paper talks about inside trade case study--Galleon Group’s founder Raj Rajaratman unethical business research that was discovered recently. Author of the paper focuses on; unethical research behavior involved, injured parties as a result to the research, Unethical behavior effect on the organization, the individual, and society, and Avoiding or resolving unethical behavior.
Unethical research behavior
Insider trading is one of the examples of unethical business research. Recently, Galleon Group--a well-respected and promising hedge fund’s founder Raj Rajaratman found himself making headlines for similar unethical researches. Along with him—his acquaintance Rajiv Goel, Intel managing Director and Rajatman’s college roommate (Wall Street Journal article (Kalita 2009)). Release No. 21255 of The SEC’s Litigation states that “Goel provided inside information to Rajara tnam about certain Intel quarterly earnings and a pending joint venture concerning Clearwire Corp., in which Intel had invested. Rajaratnam then used this information to trade on behalf of Galleon. As payback for Goel’s tips, Rajaratnam, or someone acting on his behalf, executed trades in…...

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