Tyco International Case Study Essay -- Corruption, Unethical Practices

Tyco CorporationIntroduction During the course of this subject star will see addressed several issues of responsibilities that the Tyco Corporation must deal with. Some of these issues are atomic number 53s that they have had to deal with quite recently. The responsibilities that one will see discussed are the legal, social and ethical issues that arise in a family that is nationally k straightn.Legal Tyco provides products and run across the world. The bon ton is global and diversified providing a variety of products including electronics, healthcare, fire and security services and engineered products and services. While employing over 250,000 people worldwide they grossed approximately $40 jillion in revenue in the year 2005. In 2002 Tyco was involved with the bodied scandal where the management mis-appropriated corporation funds. The previous CEO Dennis Kozlowski was convicted in 2005 on 22 counts of the 23 that he was charged with. This is an example of n ot still a legal issue of responsibility but also one of an ethical issue that the Tyco Corporation has had to face. In the face of the legal and ethical issues that this mishap had placed the corporation in, Tyco placed Ed Breen in as chairman and CEO. Mr. Breen joined the company in 2002 after the scandal and at a time began the rebuild of the companys name. With the appointment of Ed Breen and his changing of the companys ethical standards (to be discussed in the next portion of the paper) he promotes the legal responsibilities of not only the companys employees but the responsibilities of the suppliers and buyers to underwrite any wrong doing. This reporting also speaks to the ethics of the Tyco corporation employees as well as those of the companies th... ...al or social responsibility that is owed to a society from a corporation. They have fired the CEO that was responsible for the downfall of the corporation, who is now serving a jail term for his wrong doings, and hired Ed Breen who is diligently working on changing the publics flock of the corporation. Mr. Breen understands that corporations worldwide need to make a perpetration to do right by the community or suffer the consequences of weakness the public and possibly losing business for failing them. Under his direction Tyco is move to make strides in regaining the publics trust and growing the company into a nationally recognized socially coconscious name.Referenceshttp//www.csrwire.com/PressRelease.php?id=7166http//www.plantservices.com/articles/2006/128.htmlhttp//www.tyco.com/TycoWeb/WWW/Documents/pdf/SuppSocRespBrochure_ENGLISH_07.pdf