Business Ethics - Friends of Angelo Research Paper

Business Ethics - Friends of Angelo - Research Paper Example In this case, the judge needed funds to finance an expansion project he was undertaking for his house at Sherwood Country Club in Westlake Village. He got the loan from Countrywide Financial, but the terms raised eyebrows for any keen eye. The terms were too good as compared to that offered to other borrowers. This favour was extended to the judge so that the same favour may be shown to the company. This was because the firm was being charged in the appellate court by borrowers who felt dissatisfied by what the firm had paid as settlement fees. Aldrich was part of a three-man bench that sure enough rejected the appeal of the borrowers. The fact that the judge failed to mention his previous contact with the defendant company was unethical and against the codes of conduct of a judge. As a judge, he ought not to have received any favours or loan in the terms he did knowing that the company had a case pending in his court (Ferrell et al., 2013). This was replicated with all the leaders Angelo deemed fit to orchestrate the company’s progress. These leaders are called and appointed the servants of the people to have the interest of the ordinary populace at heart, but instead they have misused their powers to pursue personal gain. Leaders in this case acted in corrupt manners by conducting underhand deals that would otherwise not be permissible. They ignored and neglected their oaths of office by using the office powers not in service to their country or its people as intended by the law, but in service to themselves (Ferrell et al., 2013). The implications on society of such conduct are, for example, mistrust of those in power. For if a judge, a person who is given the power to condemn, cannot check himself to know when he is going wrong then how can he judge others? It is then the biblical case of the blind leading the blind into a ditch. Greed has obviously blinded many leaders to such an extent that the boundary of what is ethical and unethical

Commercial Property Development in the Central Manhattan Area Essay

Commercial Property Development in the Central Manhattan Area - Essay Example This paper addresses the main drivers for commercial property development in central Manhattan area over the last 6 years. This adopts special reference to the fundamental economy of the USA, as well as the Times Square in Manhattan, which reflects the role of IBIDS in commercial property development. Commercial property in the USA suffered adverse effects from the global economic challenges. Indeed, the stalled economic recovery from the global recession destabilized the USA’s commercial real estate (CRE) recovery (O’Brien, B., Sheth, S., & Mahajan, S 2013, p.1). This has been because of economic stagnation in Europe, huge foreign debts, problems in the world labor force, global economic recession that started in 2012, correlation between USA and Eurozone economic growth, globalization, demeaning liquidity trap, lack of business innovation, and slow growth in emerging economies like China and India. Nevertheless, there are probable measures that reinforced the commerci al properties industry in the US especially in Manhattan. Question 1: Main drivers for commercial property development demand Demand and supply are important factors in all markets. In Manhattan, the demand for commercial property has steadily increased over the past few years. Therefore, new commercial property development in Manhattan has aimed to meet the demand in the market. According to O’Brien, Sheth, & Mahajan (2013), the use of social media, enhancing innovation, cloud computing, and adopting enterprise mobility in the commercial proper