olders, but also to our client, our employees and their families, our local community residents, and all of society at large. Our profit comes about through our effort to promote the prosperity of the community as a whole. (p.15). There are many differences of opinion in the role that ethics ought to play at the third level of evaluating policies and practices. This is because every person within a corporation may be held to a different set of ethical standards depending upon the position they hold. Not all have the same feelings about the ethical standards that one individual may have even though they all know what position he holds and what his job is. This can lead to potential conflicts between corporate ethics programs, management roles, and individuals. Many sermons have been preached about the ethics of business and the ethics of businessmen. Of these, one topic is plain. This is the use of everyday honesty. Businessmen are constantly told they should not cheat, steal, lie, bribe, or accept bribes. Men and women do not gain exemption from these rules just because of their jobs or positions within a business or society for that matter. As such, when these individuals do break the rules of ethics, they are usually severely punished. Often this punishment varies with the level of the responsibility held in their specific job or the position they hold. In today's fast-paced world of business, there seems to be a rise in the number of white-collar crimes. More and more companies are receiving a lot of publicity about unethical and illegal practices by senior personnel. There seems to be a "profit at any price" mentality being carried out among the business professions today. Investment banking seems to be getting the most of this bad publicity (Magnet, 1988). Insider trading is investment banking's most widely publicized ethical problem. Investment bankers are now routinely trading ...
