Abstract: In the recent past,
there has been a plethora of media reports citing corporate scandals. Mr. John Rigas, the founder of Adelphia
Communications, the fifth largest cable operator in the United States, is one
of the many corporate officers removed by Federal Authorities in handcuffs. The
elderly Mr. Rigas, along with his sons, and other top leadership at Adelphia
were indicted. This paper will center on the application of business ethics and
inappropriate decisions that Mr. Rigas may have made when he was at the helm of
Adelphia Communications. This paper will also demonstrate examples of business
practices that may not be illegal; however, they allow serious ethical concerns
to remain when inaccurate financial reporting is not questioned in public
companies. Ethics is "the study of the general nature of morals and
specific moral choices an individual makes in relating members of a
profession..." not only when making professional decisions but personal
choices as well (Dictionary, 2011, p. 385). Researchers tie the concept of
business ethics with a concept of constant struggle and pursuit of moral
behavior which sometimes appears to be in a direct conflict with both business
and human nature (Weaver, 2011).
Sometimes it is hard to make the right choice, especially when pleasure
is involved in choosing a behavior that seems to be good for us, but it may not
be the right thing to do as it is described by the deontology theory "the
good is defined independently of the right" meaning not everything that is
good is right or vice-verse.
Author Bio: Dr. Maja Zelihic is
a Program Chair for the Masters of Organizational Management, in the Forbes
School of Business at Ashford University. She has a Ph.D in General Business
with an emphasis in Organizational Management. In addition to being a Program
Chair in the MAOM program, Dr. Zelihic is a Chair of Professional Development
and Scholarship committee at Ashford University, which is a committee that
recommends professional development content and provides recommendations
concerning faculty research. She is a Program Chair; Innovation Track at ABSEL
(Association for Business Simulation & Experiential Learning).
Dr. Zelihic is the
recipient of Western International University Excellence Award for
Contributions to Faculty Peer Development, two-time recipient of the University
of Phoenix Faculty Scholarship award, was recognized as one of the top 10
Forbes School of Business faculty members in 2013, recipient of the University
Fellows grants award in 2014(as part of a team of four), and again the
recipient of the University Fellows Grant award in 2016 as the principal
investigator.
In 2016 Dr. Zelihic
was honored to be the recipient of both The 2016 Excellence in Scholarship
Award (nominated by her peers) and Forbes School of Business President's Award
for the Excellence in Scholarship.
To name just a few
of her international presentation endeavors, Dr. Zelihic presented at the
International Symposium of the New Technologies in Sports, delivering a lecture
on sports management in April, 2011 in Sarajevo, Bosnia; 2015 IX International
GUIDE Conference -Buenos Aires, Argentina; 2015 Multidisciplinary Academic
Conference, Orlando, Florida; and she is a three time attendee and presenter at
the Finance, Economics, MIS, & Global Business Research Conference, Miami,
Florida. This year Dr. Zelihic is going to be presenting at the XI
International GUIDE Conference and IX International EdTech IKASNABAR Congress
in Madrid, Spain.
Dr. Zelihic was the
key speaker at the Economics, Finance, MIS & International Business
Research Conference, London presenting her research on Biculturalism in the US
workforce.
Linked-In
Address (Optional):
https://www.linkedin.com/in/dr-maja-zelihic-90905a35