About 40 of the nonprofit organizations that had invested in New Era and withdrawn their funds and
Question:
About 40 of the nonprofit organizations that had invested in New Era and withdrawn their funds and earnings prior to its collapse voluntarily agreed to return their money to the bankruptcy pool.791 An administrator from Lancaster Bible College, in explaining the return of his college’s funds to the trustee, quoted St. Paul’s letter to the Philippians: “Let each of you look not only to his own interest but also to the interests of others” (Philippians 2:4). Hans Finzel, head of CB International, a missionary fund, said his organization would not be returning the money: “It’s true that it’s tainted money, but it’s also true that we received it in good faith.”792 Compare and contrast the positions of the parties. Would you return the money?? p-9687
Step by Step Answer:
Business Ethics Case Studies And Selected Readings
ISBN: 9780357717776
10th Edition
Authors: Marianne M. Jennings