Management in the News In January of 2012, Yahool hired Scott Thompson, the former President of PayPol, as CEO. Just a few months later, Thompson stepped down amid allegations that he falsified his education on his resum and bio. Thompson graduated from Stonehill College in Massachusetts with a degree in accounting, but he also claimed he had a degree in computer science. How did Thompson get away with it? Melinda Biackman, a professor of psychology at California State University in fullerton, said "since he was a well-known and successful executive, a background check was probably put on the back burner." Yahool shareholder, Daniel S. Loeb, exposed Thompson's misrepresentation. (Source: Stewart, ). In the Undoing of a CEO, A Purzle. (2012, May 18), New York Times. Retrieved from http://www.nytimes,com/2012/05/19/business/the-undoing-of-scott-thompson-at-yahoo-common-sense.html) If Paypal did not impose severe consequences for dishonesty in its top managers, the likely result would be that 80,000 in restitution to AOL after he found a way to spam 1.2 million AOL users without being caught by AOU's spam fitee. He made a oeal with a govemment informant, who sent spam e-malss advertising a computar security program in return for 50% of the product's profits. According to prosecutors, vitale defeated AOL' fitter Assignment: Chapter 04: Responding to the Ethical and Social Environment Management in the News Adam Vitale was sentenced to 30 months in prison and ordered to pay $180,000 in restitution to AOL after he found a way to spam 1.2 miliion AOL. users without being caught by AOL's spam filter. He made a deal with a government informant, who sent spam e-mails advertising a computer security program in return for 50% of the product's profits. According to prosecutors, Vitale defeated A Al's fiter system by using several different computer servers to relay the e-mails, and changed the e-mail header information to ensure the spam e-mails could not be traced back to him. Vitale reportedly made $40,000 a month from spam e-mails promoting stocks. (Source: Reuters. NY Man Pleads Guity to. Spamming AOL. Subscribers. Retrieved from https://www.reuters.com/article/us-crime-spamy-manpleads-guilty-to-spamming-aol-subscribers-idUSN1120537620070611) The Vitale story is an example of an ethical issue in Management in the News Siemens, the German manufacturer of industria riolated the Foreign Corrupt Practices Act (FCPA) by engaging in a systematic practice of paying bribes to foreign government officials to obtain business, Allegations by the Securities Exchange Management in the News Siemens, the German manufacturer of industrial and consumer products, violated the Foreign Corrupt Practices Act (FCPA) by engaging in a systematic practice of paying bribes to foreign government officials to obtain business. Aliegations by the Securities Exchange Commission claimed Siemens paid bribes on a variety of contracts, including the design and construction of metro transit lines in Venezuela, power plants in israel, and refineries in Mexico. Siemens also used bribes to obtain such business as the development of mobile telephone networks in Bangladesh; the creation of national identity cards in Argentina; and the sale of medical devices in Vietnam, China, and Russia. Siemens earned more than $1.1 billion in profits on these and several other transactions. Siemens agreed to pay $350 million in disgorgement to settle the SEC's charges, and a $450 million fine to the U.S. Department of Justice to settle criminal charges. Siemens also paid a fine of approximately $569 million to the Office of the Prosecutor General in Munich. Reportedly, the misconduct involved employees at all levels, including former senior management; and revealed a corporate culture in \begin{tabular}{l} Which bribery was tolerated, and even rewarded, at the high \\ Charges siemens AG for Engaging in. Worldwide Bribery. Ret. \\ \hline \end{tabular} The Siemens story is primarily an example of an ethical issue in Management in the News In January of 2012, Yahool hired Scott Thompson, the former President of PayPol, as CEO. Just a few months later, Thompson stepped down amid allegations that he falsified his education on his resum and bio. Thompson graduated from Stonehill College in Massachusetts with a degree in accounting, but he also claimed he had a degree in computer science. How did Thompson get away with it? Melinda Biackman, a professor of psychology at California State University in fullerton, said "since he was a well-known and successful executive, a background check was probably put on the back burner." Yahool shareholder, Daniel S. Loeb, exposed Thompson's misrepresentation. (Source: Stewart, ). In the Undoing of a CEO, A Purzle. (2012, May 18), New York Times. Retrieved from http://www.nytimes,com/2012/05/19/business/the-undoing-of-scott-thompson-at-yahoo-common-sense.html) If Paypal did not impose severe consequences for dishonesty in its top managers, the likely result would be that 80,000 in restitution to AOL after he found a way to spam 1.2 million AOL users without being caught by AOU's spam fitee. He made a oeal with a govemment informant, who sent spam e-malss advertising a computar security program in return for 50% of the product's profits. According to prosecutors, vitale defeated AOL' fitter Assignment: Chapter 04: Responding to the Ethical and Social Environment Management in the News Adam Vitale was sentenced to 30 months in prison and ordered to pay $180,000 in restitution to AOL after he found a way to spam 1.2 miliion AOL. users without being caught by AOL's spam filter. He made a deal with a government informant, who sent spam e-mails advertising a computer security program in return for 50% of the product's profits. According to prosecutors, Vitale defeated A Al's fiter system by using several different computer servers to relay the e-mails, and changed the e-mail header information to ensure the spam e-mails could not be traced back to him. Vitale reportedly made $40,000 a month from spam e-mails promoting stocks. (Source: Reuters. NY Man Pleads Guity to. Spamming AOL. Subscribers. Retrieved from https://www.reuters.com/article/us-crime-spamy-manpleads-guilty-to-spamming-aol-subscribers-idUSN1120537620070611) The Vitale story is an example of an ethical issue in Management in the News Siemens, the German manufacturer of industria riolated the Foreign Corrupt Practices Act (FCPA) by engaging in a systematic practice of paying bribes to foreign government officials to obtain business, Allegations by the Securities Exchange Management in the News Siemens, the German manufacturer of industrial and consumer products, violated the Foreign Corrupt Practices Act (FCPA) by engaging in a systematic practice of paying bribes to foreign government officials to obtain business. Aliegations by the Securities Exchange Commission claimed Siemens paid bribes on a variety of contracts, including the design and construction of metro transit lines in Venezuela, power plants in israel, and refineries in Mexico. Siemens also used bribes to obtain such business as the development of mobile telephone networks in Bangladesh; the creation of national identity cards in Argentina; and the sale of medical devices in Vietnam, China, and Russia. Siemens earned more than $1.1 billion in profits on these and several other transactions. Siemens agreed to pay $350 million in disgorgement to settle the SEC's charges, and a $450 million fine to the U.S. Department of Justice to settle criminal charges. Siemens also paid a fine of approximately $569 million to the Office of the Prosecutor General in Munich. Reportedly, the misconduct involved employees at all levels, including former senior management; and revealed a corporate culture in \begin{tabular}{l} Which bribery was tolerated, and even rewarded, at the high \\ Charges siemens AG for Engaging in. Worldwide Bribery. Ret. \\ \hline \end{tabular} The Siemens story is primarily an example of an ethical issue in