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Hyderabad, New Delhi: The World Bank has banned Satyam Computer Services from providing it services for

eight years for alleged malpractices, including bribery. The ban will severely impact the business prospects of the Hyderabad-based company, already battling to retain and attract fresh business in a recession-hit global market where vendor credibility has become critical. The company last week announced a startling deal to buy at $1.6 billion two infrastructure companies run by family members of company chairman Ramalinga Raju. However, Satyam had to cancel it after a massive investor outcry. Fox News, which first reported the World Bank move, said Satyam had been banned from providing software services to the global financial institution. The World Bank has acknowledged the substance of the report as accurate. The size of the World Bank contract awarded in 2003 to Satyam has grown to over $100 million in the intervening period and was due for renewal next...

KFC is responsible for the suffering and brutal slaughter of over 800,000,000 chickens a year. This is well known, and well documented fact. KFC employs harsh conditions for their chickens throughout their entire lives, from being trapped in an extremely small cage(smaller than all legal cages in Europe) with up to five other chickens, to being scalded alive at the slaughter house. These are common abuses in KFC factory farms, and even worse abuses, such as chickens being stomped on and having their limbs ripped off, have been documented by animal rights organizations such as PETA, and even KFC's own animal welfare advisers agree that these conditions are unethical and need to be changed.

KFC is an industry leader, and as such is an example for other chicken restaurants. This is why KFC has to change its inhumane treatment of chickens, because if we do not force them to change, it will be matter of time before other restaurant chains change their practices to resemble KFC's in an attempt to reduce costs. The lives of hundreds of millions of chickens (intelligent, sentient beings capable of feeling pain) are more important than corporations like KFC making more money. The simplest way to show that you don't support KFC is by boycotting them until they change their ways. A more effective and wide reaching approach is to no longer eat meat products all together. Some people find this too much of a stretch, but those who make the change rarely look back.

FINANCIAL MANAGEMENT ANALYSIS OF MONEY LAUNDERING, CORRUPTION AND UNETHICALBUSINESS PRACTICES : CASE STUDIES OF INDIA: NIGERIA AND RUSSIA.
Authors: Swamy, M. R. Kumara jfmaosr@gmail.com
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Source: Journal of Financial Management & Analysis; Jan-Jun2011, Vol. 24 Issue 1, p39-51, 13p Document Type: Article Author-Supplied Keywords: Comtption Financial indiscipline India Money laundenng Nigeria Russia Spirilllal leadership Abstract: Corruption as uniquely classified by the author a : (i) Democrat ic Corruption, referring to illegal payment by the people, of the people and for the people; (ii) llierarchica i/Anarchical Corruption, relating to bribery which must be compulsorily paid to get- political party-intcre ted-cum-social utility - - work, devoid of prudent financial management consideration , accomplished/ executed with the ble sings of the political party (Government) in power through the chain of middlemen (who may not belong to any political party) acting as agents, money laundering, fraud and allied issue are important is ues and which have cau ed government collap clinstability, have received canty analytical treatment by financial economists. This study analy c. the e critical financial management issue by analysing country case tudie --Nigeria, India, Rus ia-with a view to come out with meaningful olution to check these menacing problems of business financial indiscipline by imbibing ethical value in human being by re orting to piritualleadership a any refonn must come from heart (within) and not by acts/legislations. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Financial Management & Analysis is the property of Om Sai Ram Center for Financial Management Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright
applies to all Abstracts.) A u t h o r A f

f i l i a t i o n s :
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Director Om Sai Ram Centre for Financial Management Research Mumbai, INDIA

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WHAT WOULD PETER SAY? (cover story)

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Go to all 6 images >> Authors: Kanter, Rosabeth Moss rkanter@hbs.edu


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Source: Harvard Business Review; Nov2009, Vol. 87 Issue 11, p64-70, 7p, 4 Color Photographs, 1 Black and White Photograph, 1 Illustration Document Type: Article Subject Terms: *MANAGEMENT styles *SOCIAL responsibility of business *NONPROFIT organizations *KNOWLEDGE workers *BUSINESSPEOPLE *PROFESSIONALIZATION *MANAGEMENT *PROFESSIONS *CRITICAL success factor *THEORY of the firm *JOB classification *PROFESSIONAL employees MORAL & ethical aspects SOCIOLOGICAL aspects SELF-interest People: DRUCKER, Peter F. (Peter Ferdinand), 1909-2005 Abstract: Heeding the wisdom of Peter Drucker might have helped us avoid -- and will help us solve -- numerous challenges, from restoring trust in business to tackling climate change. He issued early warnings about excessive executive pay, the auto industry's failure to adapt and innovate, competitive threats from emerging markets, and the perils of neglecting nonprofit organizations and other agents of societal reform. If he were still here, a century after his birth, what would he say about the path forward? The essential Drucker can be summarized in three themes: First, management should be a profession, and executives and managers should remember that their primary job is to look out for the long-term health of their organizations. That means taking responsibility for social well-being, not just wealth. Second, knowledge workers cannot be controlled; they must be motivated. Such employees must see a purpose more meaningful than personal profit. And third, nonprofits are necessary ingredients for producing a good society, one in which businesses can thrive. It is critical to invest in them. Drucker was not a revolutionary. He merely asked that we constantly challenge our assumptions. He preached steadiness and vision, recognizing that leading in turbulent times requires foresight about where things are heading as well as judgment about what not to change. [ABSTRACT FROM AUTHOR]

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