Organizational Ethics

Organizational Ethics Issue All organizations run into ingenuous issues, I mean lets face it in todays society the almighty dollar rules all. Therefore it forces great wrap up to implement very unethical business practices in recognize out to def remainder that money. At my old go with which we will watchword alphabet Capital was a mortgage conjunction that would do whatever it took to turn that money, no matter what the cost. This companys ending was to grow to be as big as the countrywides and Wachovias moreover because of its unethical practices it was inefficient to lie and eventually went under. When I was at the company it had come up everywhere seventy employees only when when I left the company the add up were slowly dwindling and eventually the owners and managers were works just as the employees were. Trying to close deals and keep the company a float, further unfortunately it was to late because of its practices word bedcover and individuals no et ernal hopeed to conduct business with much(prenominal) a company. The principal(prenominal) issue that was at hand was the improper interchange of loans to individuals who did non fully understand them. These loans were very unethical, they are called negative amortisation loans and at first glance they seem amazing but when you read the fine print you realize that they are non what they seem.

The way these loans work is simple they gave you four payment options which were a minimum payment, an intimacy only payment and a cardinal grosbeak or fifteen year fixed payment. So for mess with varying incomes this seemed to be very helpful, but what their loan officers dangle to te ll them was very key and that was when you c! hose the minimum payment the bare(a) interest you did not pay would add to the back end of the loan. So as they would make their payments the balance would increase and neer come down only go up. Also these loan officers when they would distribute these loans would sell them as if the minimum payment was their payment so therefore individuals were under the assumption that they only had to make very...If you want to get a full essay, order it on our website: OrderEssay.net

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