Boiler Room and Business Ethics
Ethical issues in business arise when a variance exists between an individual's personal moral philosophies and the values of an organization in which they work, or a society in which they live. Ethical issues can also be classified as conflict of interest when one has to choose between their own interests and those of company's. The movie Boiler Room, directed and written by Ben Younger in 2000, is a prime example of a fraudulent firm that holds no value in ethics or consideration of their customers.The first controversial issue addressed in the movie was when the main character, Seth Davis, began managing a home casino, which although illegal, is not necessarily a severe infraction when it comes to acting immorally. While gambling is only a pass time, and to some just a hobby they want to perfect, I believe this was an insinuation into the character type
The first was infatuated with one word, "Profit!" An example of this was when one of the senior managers, Jim Young, remarked on how money has bought his happiness, ". It can take a life time to earn someone's trust, but only a second to lose it. The main conflict began as Seth started a new carrier as an investment banker in an unknown brokerage firm which had no sense of business ethics whatsoever. It was also apparent that these managers were using psychological pressure and intimidation to control their subordinates and to dissuade unwanted questions. I believe that everyone will at one point in their lives have the chance to take advantage of a person or a situation. Issues of fairness and honesty also arose in the movie as the managers reiterated their acceptance and that trick questions, unfairness, and unethical behaviors would be tolerated and even expected in their business, as long as it resulted in closing deals and making money. Knowing sensitive information made it easy for the salesmen to build a repore with their customers and deducing them into purchasing their phony stocks. The institution reeked of dishonestly right from the beginning as bosses acted rudely towards their employees and while interviewing potential candidates, managers failed to ask the typical questions one would expect to hear, but more along the lines of their ability to lie and deceive.
Common topics in this essay:
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Boiler Ethical,
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