Ethics and Business

Preface v

Course Resources vi

Meet the Authors vii

1 Introduction: Why Study Business Ethics? 1

Part I

2 Theories of Morality and Business Ethics 15

3 Living a Great Life: PERMA, Mission Statements, and Ethical Decision Making 31

4 Corporate Organization and the Role of Stakeholders 47

5 Ethics and Compliance in the Corporation 63

6 Culture Matters 83

7 Ethics in a Global Society and Economy 101

Part II

8 Power and Its Uses 117

9 Conflicts of Interest 131

10 Bribery and Corruption 143

11 Integrity and Mercy 157

12 Corporate Social Responsibility and Social Entrepreneurship 169

Part III

13 Ethics and Technology: Issues for the Twenty-first Century 183

14 Ethics and a Market Economy 199

Cases

Case 1 Introduction—The Overwhelmed Ethics Student 213

Case 2 Ethical Theories—Rose Martinez and TriHydraChlorafine 217

CASE 3 Living an Ethical Life—Peter Olson 219

Case 4 The Corporation and its Stakeholders— Ecolab and the 2030 Sustainability Goals 221

Case 5 Ethics and Compliance in Corporations— Valeant Pharmaceuticals 227

Case 6 Culture and Ethical Leadership—Mary Barra at General Motors 235

Case 7 Global Ethics—Ethical Challenges for Apple in China 241

Case 8 Power, its Use and Abuse—The Wrong Hallway 247

Case 9 Conflicts of Interest—Challenges Within the World of Investing 249

CASE 10 Goldman Sachs and 1MDB—Rogue Employee or Failed Oversight? 253

CASE 11 Integrity and Mercy—A Question of Loyalty 259

CASE 12 Corporate Social Responsibility—CSR at Microsoft 261

CASE 13 Ethics and Technology—Facebook’s Oversight Board and its Effect in 2021 265

CASE 14 Ethics and Capitalism—The Other Side Academy 273

Name Index 281

Company Index 283

Subject Index 285