Case Apllication 2 Lessons from Lehman Brothers: Will We Ever Learn?
1. Describe the situation at Lehman Brothers from an ethics perspective. What’s your opinion of what happened here?
2. What was the culture at Lehman Brothers like? How did this culture contribute to the company’s downfall?
3. What role did Lehman’s executives play in the company’s collapse? Were they being responsible and ethical? Discuss.
4. Could anything have been done differently at Lehman Brothers to prevent what happened? Explain.
5. After all the public uproar over Enron and then the passage of the Sarbanes-Oxley Act to protect shareholders, why do you think we still continue to see these types of situations? Is it unreasonable to expect that businesses can and should act ethically?
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