Corporate ethics, corporate pay and the lodging industry

  • Hazard R
ISSN: 01480766
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Abstract

Manipulation of financial statements, reporting of exaggerated profits and perceived overcompensation of corporate executives have sent the stock market spinning downward, weakened the American dollar and eroded investor confidence in the free market system. So far, the lodging industry has remained relatively unscathed by public scandal. Ethical awareness and sensitivity are crucial components in all business decisions. Character counts. Lodging leaders and their counterparts in other industries can no longer brag "they did nothing illegal." They must also demonstrate to their boards of directors, their employees, their franchisees, hotel owners and their shareholders that as responsible leaders, they possess the character, courage and integrity to condemn, privately and publicly, those practices which may be legal but are unethical or immoral in the eyes of their constituencies.

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APA

Hazard, R. C. J. (2002). Corporate ethics, corporate pay and the lodging industry. Lodging Hospitality, 58(15), 65–66. Retrieved from http://search.proquest.com/docview/236500519?accountid=14549

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