Multi Global Finance and Insurance Corporation (MGFIC) was, by all accounts, a model insurance company. Profits were strong and had been for several years in a row. The company carried the highest ratings in its industry and it had been recently voted one of the top 100 companies to work for in the Philippines in recognition of its “very employee-focused work environment”. MGFIC offers very generous benefits: free lunches in the cafeteria, on-site daycare facilities and even free Starbucks Coffee in the employee break rooms. In an industry that was still struggling with the massive claims after a succession of typhoons and floods in the Philippines, MGFIC was financially stable and positioned to become one of the major insurance companies in the country. So, why were the CEO, Juan Paredes; the CFO, Lydia Sanchez and the COO, Jose Aquino all fired on the same day with no explanation other than that the terminations were related to issues of conduct? note: answer all the questions Give some examples of the kind of ethical misconduct that could have led to the termination of the entire senior leadership of MGFIC Was it a good idea to fire them all at the same time with no detailed explanation? How are stakeholders of MGFIC likely to react to this news? Explain.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Related questions

Question

100%

Mini –Case

Mysterious Terminations

Multi Global Finance and Insurance Corporation (MGFIC) was, by all accounts, a model insurance company. Profits were strong and had been for several years in a row. The company carried the highest ratings in its industry and it had been recently voted one of the top 100 companies to work for in the Philippines in recognition of its “very employee-focused work environment”. MGFIC offers very generous benefits: free lunches in the cafeteria, on-site daycare facilities and even free Starbucks Coffee in the employee break rooms. In an industry that was still struggling with the massive claims after a succession of typhoons and floods in the Philippines, MGFIC was financially stable and positioned to become one of the major insurance companies in the country.

So, why were the CEO, Juan Paredes; the CFO, Lydia Sanchez and the COO, Jose Aquino all fired on the same day with no explanation other than that the terminations were related to issues of conduct?

note: answer all the questions

Give some examples of the kind of ethical misconduct that could have led to the termination of the entire senior leadership of MGFIC
Was it a good idea to fire them all at the same time with no detailed explanation?
How are stakeholders of MGFIC likely to react to this news? Explain.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.

Similar questions