Ethics of Penn Square Bank and the Dow Corning Bankruptcy

• Penn Square Bank: What were the ethical pressures on the firm concerning documentation, credit extension, and revenue recognition that lead to the final collapse? What should have been done to reduce or offset these pressures?
• Dow Corning Bankruptcy: What were the business’ ethical challenges involved in filing bankruptcy for Dow Corning? Analyze the actions of the two parent companies, Dow and Corning, that represent the largest ethical issues.

References

Dow Corning Corporation. (2012, January 5). And The Dow Chemical Company Joint Venture. Retrieved from http://www.dow.com/investors/joint_venture/dowc.htm

Feder, B. J. (1995, May 16). Dow Corning In Bankruptcy Over Lawsuits. The New York Times. Retrieved from com/1995/05/16/business/dow-corning-in-bankruptcy-over-lawsuits.html?pagewanted=all”>http://www.nytimes.com/1995/05/16/business/dow-corning-in-bankruptcy-over-lawsuits.html?pagewanted=all

PBS. (2012). Retrieved from http://www.pbs.org/wgbh/pages/frontline/implants/cron.html

 Penn Square Bank, Maverick Oil Lender. (1982). – American Banker 175th Year Flashback Article. Retrieved from com/175/penn-square-bank-maverick-oil-lender-1041211-1.html?zkPrintable”>http://www.americanbanker.com/175/penn-square-bank-maverick-oil-lender-1041211-1.html?zkPrintable=1

Wertz, J. (2012, July 7). Penn Square Bank: Anniversary of a Failure that Changed Finance Forever. StateImpact Oklahoma. Retrieved from http://stateimpact.npr.org/oklahoma/2012/07/05/penn-square-bank-anniversary-of-a-failure-that-changed-finance-forever/