Ethical Issues

All organizations run into ethical issues, I mean lets pose it in todays society the almighty sawbuck rules wholly. Therefore it forces people to practice very unethical ancestry practices in order to make that money. At my old company which we will c wholly ABC Capital was a mortgage company that would do whatever it took to make that money, no payoff what the cost. There were many stakeholders involved in this process which are the owners and managers, the loan officers, the processing team, the banks and most classicly the clients. All of these individuals had an care in the process but the problem was that the most important persons, the clients were completely neglected therefore were put into these horrible loans. today there are thousands of people who are facing these consequences and waste lost their homes but many of these loan officers are lull going strong. Primarily because the rest of these individuals were awarded very generously with thousands to tens of thousands of dollars which is wherefore people continued to sell these loans knowing what they knew.
This organization did non have any ethical values at all; all it cared about was money, money, and more money. As long as money came in it did not matter how it just indispensable to keep coming in.



The boss was once told that if he unbroken on conducting business in this fashion that he would not make any friends in the industry and his response was Im not in this business to make friends; I am in this business to make money!!!. Which he definitely did make a lot but he is now suffering for it because the company is no more. Also the individuals who interchange these loans also did not care; some of them because they did not in full understand the loans the others because they wanted to keep their pay up. All near there were many individuals who had no moral standings at all they just continued to sell these products and continued to make that money.
The totally way to resolve the issue was to wait it out in my opinion...If you want to get a full essay, order it on our website: Orderessay



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