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Ethical Theory and Business
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An anthology of readings, legal perspectives, and cases in business ethics. Ethical Theory and Business provides students with a strong understanding of ethics in business. Case studies, a discussion of ethical theory, and a diverse range of perspectives on specific topics give students the tools needed to address ethical situations in business and challenge them to think for themselves. Learning Goals Upon completing this book readers will be able to: Reflect on ethical and sustainable business practices Understand the role of ethics in all function areas of business including management, marketing, international business, human resources, finance, and accounting Discuss the most pressing issues confronting business leaders today Note: MySearchLab does not come automatically packaged with this text. To purchase MySearchLab, please visit: www.mysearchlab.com or you can purchase a ValuePack of the text + MySearchLab (at no additional cost): ValuePack ISBN-10: 0205201199 / ValuePack ISBN-13: 9780205201198.
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Table of Contents

Found in this section: 1. Brief Table of Contents 2. Full Table of Contents 1. BRIEF TABLE OF CONTENTS Preface Chapter One Ethical Theory and Business Practice Chapter Two Corporate Responsibility Chapter Three Ethical Treatment of Employees Chapter Four Diversity and Discrimination in the Workplace Chapter Five Marketing and the Disclosure of Information Chapter Six Ethical Issues in Finance and accounting Chapter Seven Ethical Issues regarding Emerging Technologies Chapter Eight Environmental Sustainability Chapter Nine Ethical Issues In International Business Chapter Ten Social and Economic Justice 2. FULL TABLE OF CONTENTS Preface Chapter One: Ethical Theory and Business Practice Fundamental Concepts and Problems Approaches to the Study of Morality and Ethical Theory Contemporary Trends in Ethical Theory Cases Case 1: The Training Program Case 2: Should Company Policy Apply to All? Case 3: Should Everything Be for Sale? Chapter Two: Corporate Responsibility Introduction Stockholder Management Versus Stakeholder Management Milton Friedman, The Social Responsibility of Business Is to Increase Its Profits R. Edward Freeman, Managing for Stakeholders John R. Boatright, What's Wrong--- and What's Right -- with Stakeholder Management Wayne F. Cascio, Decency Means More than "Always Low Prices": A Comparison of Costco to Wal-Mart's Sam's Club Eric Orts and Alan Strudler, Putting a Stake in Stakeholder Theory Ethical Cultures & Moral Responsibility Linda Trevino and Katherine Nelson, Ethics as Organizational Culture John R. Boatright, Individual Responsibility in the American Corporation System: Does Sarbanes Oxley Strike the Right Balance? Legal Perspectives Michigan Supreme Court, Dodge v. Ford Motor Co. Supreme Court of New Jersey, A. P. Smith Manufacturing Co. v. Barlow Johnson & Johnson: Our Credo Cases Case 1: The NYSEG Corporate Responsibility Program Case 2: Outsourcing at Any Cost? Case 3: H. B. Fuller in Honduras: Street Children and Substance Abuse Case 4: Merck & River Blindness Case 5: From Tension to Cooperative Dialogue: Holcim Case 6: The Bachelor Party Case 7: The Deepwater Horizon Disaster: Challenges in Ethical Decision Making Suggested Supplementary Readings Chapter Three: Ethical Treatment of Employees Introduction The Hiring And Firing Of Employees Patricia H. Werhane and Tara J. Radin, Employment at Will and Due Process Richard A. Epstein, In Defense of the Contract at Will Occupational Risk Ruth R. Faden and Tom L. Beauchamp, The Right to Risk Information and the Right to Refuse Workplace Hazards John R. Boatright, Occupational Health and Safety Whistleblowing Ronald Duska, Whistleblowing and Employee Loyalty George Brenkert, Whistleblowing, Moral Integrity, and Organizational Ethics Legal Perspectives Superior Court of New Jersey, Warthen v. Toms River Community Memorial Hospital Supreme Court of the United States, Automobile Workers v. Johnson Controls, Inc. Superior Court of New Jersey, Potter v. Village Bank of New Jersey Cases Case 1: Off-duty Smoking Case 2: Fired for Drinking the Wrong Brand of Beer Case 3: Exposing Workers to Plutonium Case 4: BP Workers Ill Trained for Dangers Case 5: The Reluctant Security Guard Case 6: A Matter of Principle Suggested Supplementary Readings Chapter Four: Diversity and Discrimination in the Workplace Introduction Diversity And Affirmative Action Tom L. Beauchamp, Affirmative Action and Diversity Goals in Hiring and Promotion James P. Sterba, A Defense of Diversity Affirmative Action George Sher, Diversity Sexual Harassment Larry May, Sexual Harassment and Solidarity Jaimie Leeser and William O'Donohue, Normative Issues in Defining Sexual Harassment Legal Perspectives Supreme Court of the United States, Local 28 of the Sheet Metal Worker's International Association v. Equal Employment Opportunity Commission Supreme Court of the United States, Grutter V. Bollinger Justice Sandra Day O'Connor, Opinion of the Court Justice Clarence Thomas, Dissenting Opinion Brief for 65 Leading American Businesses [Amici Brief] Supreme Court of the United States, Meritor Savings Bank, FSB v. Vinson, et al. Supreme Court of the United States, Teresa Harris, Petitioner v. Forklift Systems, Inc. Cases Case 1: Kaiser Aluminum and the United Steelworkers Case 2: Promotions at Uptown Bottling and Canning Company Case 3: How Would You Vote if You Lived in Michigan? Case 4: Gay and Lesbian Rights at Friendly Motors Case 5: Freedom of Expression at American Plastics Products Case 6: Harassment at Brademore Electric Suggested Supplementary Readings Chapter Five: Marketing and the Disclosure of Information Introduction Advertising And Disclosure David M. Holley, Information Disclosure in Sales Robert L. Arrington, Advertising and Behavior Control George Brenkert, Marketing and the Vulnerable Pharmaceutical Marketing Carl Elliott, The Drug Pushers Denis G. Arnold, The Ethics of Direct to Consumer Pharmaceutical Advertising Legal Perspectives United States Court of Appeals for the First Circuit, Irving A. Backman v. Polaroid Corporation United States Court of Appeals for the Seventh Circuit, B. Sanfield, Inc. v. Finlay Fine Jewelry Corp. United States Court of Appeals for the Second Circuit, Coca-Cola Company v. Tropicana Products, Inc Supreme Court of California, Kasky v. Nike, Inc.. Cases Case 1: Advice for Sale Case 2: Sales at World Camera and Electronics Case 3: Hucksters in the Classroom Case 4: Kraft Foods Inc.: The Cost of Advertising on Children's Waistlines Case 5: Merck & Company: The Vioxx Recall Case 6: Pfizer, Repeat Offender Suggested Supplementary Readings Chapter Six: Ethical Issues in Finance and Accounting Introduction Accounting Ethics Ronald Duska and Brenda Duska, Ethics in Auditing: The Auditing Function Colin Boyd, The Structural Origins of Conflicts of Interest in the Accounting Profession Financial Services John R. Boatright, Ethical Issues in Financial Services Alan Strudler, The Moral Problem of Insider Trading Richard Nielsen, High Leverage Finance Capitalism: Ethical Issues and Potential Reforms Legal Perspectives U.S. Supreme Court, U.S. v. O'Hagan American Institute of Certified Public Accountants, Code of Professional Conduct Cases Case 1: An Auditor's Dilemma Case 2: Accounting for Enron Case 3: Enron and Employee Investment Risk Case 4: Predatory Lending at Countrywide Financial Case 5: Martha Stewart Living Omnimedia, Inc.: An Accusation of Insider Trading Suggested Supplementary Readings Chapter Seven: Ethical Issues regarding Emerging Technologies Introduction Information And The World Wide Web Deborah G. Johnson, Privacy & Internet Ethics Jeffery D. Smith, Internet Content Providers and Complicity in Human Rights Abuse Pharmaceutical Patents Richard T. De George, Intellectual Property and Pharmaceutical Drugs: An Ethical Analysis Patricia H. Werhane and Michael E. Gorman, Intellectual Property Rights, Access to Life-Enhancing Drugs, and Corporate Moral Responsibilities Legal Perspectives U.S. Supreme Court, Sony Corp. v. Universal City Studios Inc. United States District Court for the Northern District of California, A & M Records v. Napster World Trade Organization, Agreement on Trade-Related Aspects of Intellectual Property Rights Cases Case 1: Social Media and the Modern Worker: The Use of Facebook as an Organizational Monitoring and Management Tool Case 2: Privacy at MyFriends.com Case 3: Patents and the African Aids Epidemic Case 4: Aventis: Partnerships for Health Suggested Supplementary Readings Chapter Eight: Environmental Sustainability Introduction Environmental Obligations And Climate Change Norman E. Bowie, Morality, Money and Motor Cars Denis G. Arnold with Keith Bustos, Business, Ethics, and Global Climate Change Sustainability And Natural Capitalism Allen Holland, Sustainability Paul Hawken, Amory Lovens, and L. Hunter Lovins, Natural Capitalism Stuart L. Hart, Taking the Green Leap to the Base of the Pyramid Legal Perspectives United States Supreme Court, United States v. Best Foods et al. United States Supreme Court, Whitman, et al. v. American Trucking Associations, Inc. Cases Case 1: Royal Caribbean: Exotic Promises & Toxic Waters Case 2: Texaco in the Ecuadorean Amazon Case 3: BP: Beyond Petroleum Spills? Case 4: Maintaining a Seat at the Table: The Shell Group Case 5: Interface Corporation and Sustainable Business Case 6: What Does it Mean to be Truly Green?: Environmental Sustainability at Frito Lay North America Case 7: Ethics and Sustainability at Alcoa: A Symbiotic Relationship Suggested Supplementary Readings Chapter Nine: Ethical Issues in International Business Introduction Universalism, Relativism And Human Rights Norman Bowie, Relativism and the Moral Obligations of Multinational Corporations Denis G. Arnold, Human Rights and Multinational Corporations Patricia H. Werhane, Exporting Mental Models: Global Capitalism in the 21st Century Sweatshops And Bribery Ian Maitland, The Great Non-Debate Over International Sweatshops Denis G. Arnold and Norman E. Bowie, Sweatshops and Respect for Persons David Hess and Thomas Dunfee, Taking Responsibility for Bribery: The Multinational Corporation's Role in Combating Corruption Legal Perspectives Supreme Court of Texas, Dow Chemical Company and Shell Oil Company v. Domingo Castro Alfaro et al. U.S. Court of Appeals, Ninth Circuit, Doe 1 vs. Unocal The U.N. Global Compact Cases Case 1: Foreign Assignment Case 2: Facilitation or Bribery: Cultural and Ethical Disparities Case 3: Chrysler and Gao Feng: Corporate Responsibility for Religious and Political Freedom in China Case 4: Should Wal-Mart Do More? A Case Study in Global Supply Chain Ethics Case 5: adidas: Application of Standards of Engagement to Child Labor Dilemma Case 6: Tackling HIV/AIDS: Unilever Tea Kenya Suggested Supplementary Readings Chapter Ten: Social and Economic Justice Introduction Economic Justice John Rawls, An Egalitarian Theory of Justice Robert Nozick, The Entitlement Theory Justice At Work Jeffery Moriarty, Do CEOs Get Paid Too Much? Global Justice Martin Wolf, Why Globalization Works Thomas Pogge, Priorities of Global Justice Legal Perspective Universal Declaration of Human Rights Cases Case 1: Sapora's Patriarchical Society Case 2: Cocaine at the Fortune-500 Level Case 3: Wages of Failure: The Ethics of Executive Compensation Case 4: Shareholder Losses and Executive Gains: Bank of America's Acquisition of Merrill Lynch Case 5: SC Johnson: Pyrethrum Sourcing from Kenya Case 6: Coca-Cola: The Entrepreneur Development Program - South Africa Suggested Supplementary Readings

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