Lackawanna ACC105 Module 4 Discussion (dq1+dq2) Latest 2021 September
ACC105 Principles of Accounting 1
Module 4 Discussion
DQ1 Integrity, Objectivity, and Ethics in Business CEO’s Health?
How much and what information to disclose in financial statements and to investors presents a common ethical dilemma for managers and accountants. For example, Steve Jobs, co-founder and CEO of Apple Inc., had been diagnosed and treated for pancreatic cancer. Apple Inc. had insisted that the status of Steve Jobs’s health was a “private” matter and did not have to be disclosed to investors. Apple maintained this position even though Jobs was a driving force behind Apple’s innovation and financial success.However, in response to increasing investor concerns and speculation, Jobs released a letter on January 5, 2009, to investors on his health. The letter indicated that his recent weight loss was due to a hormone imbalance and not due to the recurrence of cancer. On October S, 2011, Steve Jobs died at the age of 56.
Do you think the health of a CEO or any major company employee should be public knowledge? Why or why not?
DQ2 Step two: Research!
Using the internet, newspapers, magazines, and/or library, research your company. Write 1-2 pages double spaced about the following topic regarding your chosen company. Post your work here. Be sure to cite your sources using APA format!
Where is the company now
What happened to the people involved
Is the company still in business
Are they succeeding or struggling
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