Journal of Legal, Ethical and Regulatory Issues

Articles from Vol. 13, No. 1, January

A Moral Imperative-Overcoming Barriers to Establishing an MBA Infused with Ethics
INTRODUCTION Business schools have been trying for decades to educate ethical managers. The results of their efforts, however, often fall short of their hopes. MBA students, despite their exposure to business ethics during graduate school, are still...
Complying with the Fair Labor Standards Act (FLSA): A Continuing Legal Challenge for Employers
INTRODUCTION Complying with the Fair Labor Standards Act (FLSA) continues to be a challenge for employers. In Fiscal Year (FY) 2008, the U.S. Depart of Labor's Wage and Hour Division (WHD) recouped back wages totaling $185,287,827 for 228,645 workers....
Did Commercial Banks Close Branches in Low-Income Neighborhoods in Response to the CRA? Implications for Understanding the 2007-2008 Financial Crisis
INTRODUCTION Many Americans were caught off guard by the magnitude of the financial crisis that began quietly in 2007 and in earnest in the fall of 2008. Indeed, the crisis surprised even those who were assumed to be in the know; regulators, government...
Do I Feel Your Pain? Medical Marijuana, the Workplace, and Federalism
HISTORY OF FEDERAL LAW AND CALIFORNIA'S COMPASSIONATE USE ACT The Compassionate Use Act of 1996 (California Health & Safety Code, [section] 11362.5), voted on and approved by the California Voters (as Proposition 215), provides a person who...
Fair Presentation-An Ethical Perspective on Fair Value Accounting Pursuant to the SEC Study on Mark-to-Market Accounting
INTRODUCTION Recently, there has been considerable media coverage on the subject of fair value accounting. While some commentators applaud the use of fair value accounting as a positive factor in promptly revealing the values of financial assets...
How Student Perceptions of Ethics Can Lead to Future Business Behavior
INTRODUCTION AND LITERATURE REVIEW Of recent interest is the highly debated situation of American Insurance Group (AIG) and the $165 million in executive bonuses, mostly paid to London traders who created the massive losses that resulted in government...
Minimum Price Maintenance Agreements and the Premium Pricing Strategy
INTRODUCTION There has been a significant amount of research in regard to Porter's general strategies. The research has shown that a differentiation strategy, if successfully implemented, can lead to a sustainable competitive advantage, as well...
Organizational Hostility toward Whistleblowers
INTRODUCTION There are various methods of discouraging those who wish to report an act that is a violation of a law, a regulation, or a rule. The easiest way is to order them not to speak or make a statement. If the order is ignored the supervisor...
The Best of Both Worlds: Do below Market Leases or Sales after Eminent Domain Create a Taxable Accession to Wealth?
INTRODUCTION In June, 2005, the Supreme Court in Kelo v. City of New London (2) upheld the taking of property by eminent domain for the furtherance of economic development. Under the plan originally approved by the City of New London, Connecticut,...
The Challenges and Opportunities of Incorporating Accounting Ethics into the Accounting Curriculum
INTRODUCTION The accounting scandals in the early 2000s have had a devastating effect on the reputation of the accounting profession. The public perceives the scandals as a lack of ethics in the profession. Who is to blame for this demise? Russell...