The Banking Act of 1933

FDIC was created in 1933. FDIC stands for Federal Deposit Insurance Corporation.

Example of Managing Things and Leading People

A perfect example of this is the owner of the New York Yankees. He bought a struggling franchise and turn it into a championship-winning, dynasty-creating franchise again. However, since their recent defeat to the Cleveland Indians in the first round of this year's playoffs, the release of the Mitchell Report and the subsequent naming of both Roger Clemens and Andy Pettite as cheaters, the franchise once again finds itself in need of someone to lead them out of the dark.

Managing Things and Leading People

Abuse of Organizational Power

When a person is promoted or placed in a position where he can use the power or political influence from that position to affect an organization he will be placed under a microscope. His use of this power will be analyzed and scrutinized from an ethical (and other) perspective. The problem is that in trying to do right by the company as a whole, he is at times asked to “sacrifice” others. The use of power is not always capable of benefiting all, and is more likely to offend some. This can place him in the unenviable position of being labeled as unethical.

Abuse is easier to classify, if power or influence can be “misinterpreted” as being used for personal or financial gain, then the person in power must re-evaluate the action. Many in this position are tempted by the power they are given and can succumb to using it for their own benefit. Excluding all those that blatantly do so, even those who dawdle in the gray areas should carefully evaluate if their actions can be seen by others as abusive or unethical and consider another course. When in power, the perceptions of others can be more powerful (and ultimately more damaging) than the power you are deluded into thinking you have – especially in today’s media.

Abuse of Power

When a person is promoted or placed in a position where he can use the power or political influence from that position to affect an organization he will be placed under a microscope. His use of this power will be analyzed and scrutinized from an ethical (and other) perspective. The problem is that in trying to do right by the company as a whole, he is at times asked to “sacrifice” others. The use of power is not always capable of benefiting all, and is more likely to offend some. This can place him in the unenviable position of being labeled as unethical.

Abuse is easier to classify, if power or influence can be “misinterpreted” as being used for personal or financial gain, then the person in power must re-evaluate the action. Many in this position are tempted by the power they are given and can succumb to using it for their own benefit. Excluding all those that blatantly do so, even those who dawdle in the gray areas should carefully evaluate if their actions can be seen by others as abusive or unethical and consider another course. When in power, the perceptions of others can be more powerful (and ultimately more damaging) than the power you are deluded into thinking you have – especially in today’s media.

Ethical Obligation of Stakeholders

An organization does not have an ethical obligation to guarantee job security for its employees. An great organization can sometimes go through a rough patch and be forced to lay off workers. Even Levi Strauss, one of the most ethical companies in America, was forced to lay off workers during The Great Depression. The then CEO tried to find jobs layed off employees by employing them to do construction work in the factories helping the workers get through the tough times. Organizations do not have an ethical obligation because sometimes the situation is beyond their control. With regards to retirement, a company should show their gratitude towards a loyal worker who has dedicated their lives to the company. However, if the company is in trouble financially, there is nothing they can do.