Anwer the 5 question
1 Given repeated ethics failures at UBS, who is to blame? The CEO? The board of directors? The supervising managers? The individuals directly involved? Who should be held accountable? Is it sufficient just to fine the bank?
2 Given the information provided in this MiniCase, do you think that the 11-year jail sentence for Tom Hayes was too harsh? Did he serve as a scapegoat? Note: The average jail sentence served for a person convicted of murder is 17 years in England and Wales
3 What can UBS do to avoid ethics failures in the future and to repair its damaged reputation?
4 Has the number of ethical violations by financial institutions reduced since this judgement?
5 Why are large institutions ‘allowed’ to brake the rules over and over without substantial punishment? What needs to change in order to alleviate future unethical behaviors by large organizations?