The legal and ethical issues surrounding Solyndra Essay

The intelligent and honourable issues surrounding Solyndra - Essay ExampleBusinesses and organisations must look at the legal issues surrounding their operations. weakness to do this will most likely land the firm in a situation where they permit to deal with law suits which may lead to the firm closing its doors from the public (Shaw, 2007). Legal issues as salubrious as ethical issues must especially be considered in a genuinely careful path in cases where public funding is concerned. Failing to do this can lead to inquiries which may lead to evil prosecution in court. Yet, thither are so many firms today which ignore these issues. A easily example is Solyndra which died only about five years after its founding. The Solyndra Scandal The Solyndra scandal raises a compute of both legal and ethical issues. Scandal like this cost the tax payers hundreds of millions and sometimes billions of dollars. One of the ethical issues which arises from the Solyndra case is the fact tha t the involved ordaineds were aware of the big financial risk but continued with the dispatch anyway (Leonnig & Stephens, n.d.). According to emails retrieved from correspondence between the Solyndra officials and the flannel House officials who were aiding in the acquisition of the loanword, it was clear that there was little chance of the project breaking even and succeeding and the officials knew it. According to investigation done by the FBI, there were a government issue of issues which indicated that the officers involved were engaging in unethical or illegal affairs. White House Aide is actually revealed to have warned officials not to have any official communication by dint of their personal email accounts as this would make the personal email accounts to be subpoenaed in case of a legal enquiry (Leonnig & Stephens, n.d.). This was one indicator that the officials, even prior to the over $500 million loan, already knew that things were not working out for Solyndra and t hat sooner than later it would have to collapse. Why officials of such high ranks would need in such casino-like transactions with public funds in case a case of official negligence and abuse of power and office. While there may not be a instantaneously illegal issue with the aide telling the officers to watch the way they communicate because they could be subpoenaed, it does show that these mess were operating way outside the ethical thresholds. The actions of the Department of Energy also show a number of ethical issues. For instance as Stephens, Leonnig and Leonnig (2011) say, the DOE failed to warn the state house about the failing of Solyndra. In fact as the firm continued to fade and sink into its own operating costs, the DOE failed to take out the plug and instead additional funds were given to a failing firm even when it was very clear that the firm was failing drastically. Legal issues To understand the legal issues surrounding the Solyndra case scandal, it is important to return how the scandal unfolded. First, Solyndra had managed to secure conditional loan from the government in line with the department of energy regulations. The loan failed to work and this is where the firm sought to get an some other loan in order to make up for the fact that the first loan did not help the firms to be able to get on its feet. However, ascribable to the risk issues surrounding the restructuring of the loan, the loan restructuring would have to get approval by the justice department. In other words, Solyndra would have to get clearance from the department of