Toxic Contributory Factors Assignment Example | Topics and Well Written Essays - 750 words

Toxic Contributory Factors - Assignment ExampleAccording to the achiever Chain (2010), at Fannie, chief executive officer Franklin Raines and other executives hid problems in order to get huge pay bonuses. coin was coming in, so no one questioned the faulty lending system. Libertarian activist Fred Smith told CNN that it was a show window of honorable people acting in ways that dont appear honorable rapacity being the culprit that twisted their perception of right and wrong. Raines received $20 million in allowance after departing Fannie Mae (Success Chain, 2010, par. 1). Another venomous organization situation was revealed by Burke & Cooper (n.d.) cited Maria Piresferreira was awarded to a greater extent than Can$500,000 by the courts in response to her complaint of physical and verbal abuse. The manager yelled at her, swore at her, accused her of not doing her pedigree, asked her to get away from him, and pushed her away. Her employers human resources department (Bell Mobil ity) did not accompaniment her. The judge ruled that companies had to take reasonable action to ensure that employees would not be subjected to physical or verbal abuse or intimidation (National Post, 2008, FP13 cited by Burke & Cooper, n.d., 21). Impact of Toxic Contributory Factors The hold forth presented by Burke & Cooper enumerated financial cost of toxic contributory factors as follows for individualsincreased wellness care costs, job loss, loss of personal reputation, and loss of livelihood for organizationsloss of reputation, staff turnover, diminished job performance, decreased turnover, and potential legal liabilities for societyincreased healthcare costs, income support for those losing their jobs, rehabilitation costs for those injured at... The engagement Contributing Factors addresses the following concerns what impact did the toxic contributing factors have on the community, city, country, etc. and what organizational checks and balances were missing. The discuss presented by Burke & Cooper enumerated financial costs of toxic contributory factors as follows for individualsincreased health care costs, job loss, loss of personal reputation, and loss of livelihood for organizationsloss of reputation, staff turnover, diminished job performance, reduced turnover, and potential legal liabilities for societyincreased health care costs, income support for those losing their jobs, rehabilitation costs for those injured at work, and a lack of trust in institutions. Further, the pain and the trauma caused by toxic factors inflict psychological harm to individuals.In the case of Frannie Mae, there were clear failure to countercheck the CEOs activities from internal and external auditing units to immediately discover the maintain cover-up of the dilemma. As indicated by Gordon, the regulators alleged an accounting fraud at Washington-based Fannie Mae that included manipulations to reach quarterly earnings targets so that Raines, Howard, Spencer and oth er high society executives could pocket hundreds of millions in bonuses from 1998 to 2004. In Bell Mobilitys case, there was a lack of performance military rating and appraisals for managers to reveal the nature of their behavior and performance at work.