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International Business Term Paper-1

International Business Term Paper-1 - International...

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International Business Term Paper Relating NY Times Articles and Course Topics Word Count: 1,471 This paper is my original work. I have not made this paper available to another class member to assist him or her with this assignment. I have footnoted or cited the source of every figure that is not in the public domain and every idea that is not of general knowledge, placing in quotation marks words that are not my own.
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Ethics, as introduced in Chapter 5 of International Business by Griffin and Pustay, is defined as “personal beliefs about whether a decision, behavior, or action is right or wrong.” In society we base our ethics on a right or wrong notion. The predicament with ethics is that a lot of the time, there is no simple right or wrong answer. For example, in the November 22, 2007 issue of the New York Times, there is an article entitled, S.E.C. Investigates Company Founded by Clinton Donor which discusses the moral principles of private government funding. To sum up the article, Vin Gupta, the CEO of a company called InfoUSA used corporate funds to sponsor President Bill Clinton’s campaign and time in office. Issues are being brought up by the S.E.C. because Gupta is attempting to do the same with Bill’s wife Hillary, in her quest for the 2008 presidential election. The three main ethical accusations against Gupta are stated that he “used private corporate jets to fly the Clintons on business, personal and campaign trips; that Mr. Gupta gave Bill Clinton a $3.3 million consulting contract; and that the company paid for luxuries that Mr. Gupta enjoyed.” Taking a closer look at these unethical claims, Gupta did nothing except show his support, and reaps the benefits of it. Now, it is understandable how, especially the S.E.C. could make an accusation against Gupta’s business ethics and he was using corporate funds, and that creates some boundary that is not to be crossed. The only problem is that Gupta documented all transactions and donations, so he was not hiding anything. One element under business ethics is the subcategory of social responsibility. Is it that farfetched to understand the correlation between corporate funding and government support?
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