Session_6_-_Cht_2R - Ethical Principles in Business Session...

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Velasquez, M.G. cited in Heller, V.L. 1 Ethical Principles in Business Session 6 – Chapter 2 Business Ethics Concepts and Cases, 6th ed. By Manuel G. Velasquez Richard Trevisan
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Velasquez, M.G. cited in Heller, V. 2 Session Objectives Review Justice and Fairness Review Justice and Caring
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Velasquez, M.G. cited in Heller, V. 3 Session Objectives Phillip Morris’ Trouble Review of paper Archive case #3
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Velasquez, M.G. cited in Heller, V. 4 2.3 Justice and Fairness The dispute over Brown Lung disease causes by cotton dust illustrate how justice and fairness permeates such concerns. Justice and fairness are essentially comparative
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Velasquez, M.G. cited in Heller, V. 5 Justice and Fairness They are concerned when: Benefits and burdens are distributed. Rules and laws are administered Members of a group cooperate or compete with each other People are punished for the wrongs they have done or compensated for wrongs they have suffered
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Velasquez, M.G. cited in Heller, V. 6 Justice and Fairness Question - What are the three categories of issues involving justice:
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Velasquez, M.G. cited in Heller, V. 7 Justice and Fairness Question - What is the difference between Justice and Fairness?
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Velasquez, M.G. cited in Heller, V. 8 Robert Nozick - Libertarian 16 November, 1938 To 23 January, 2002
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Velasquez, M.G. cited in Heller, V. 9 Libertarian Theory of Justice Robert Nozick, claimed that freedom from constraint is necessarily good . Constraints imposed on one by others are necessary evils, except when they prevent even greater human constraints. Critics state that the Libertarian gloss over freedom for one person necessarily imposes constraints on other persons.
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Velasquez, M.G. cited in Heller, V. 10 Distributive Justice Fundamental principle – Individuals who are similar in all respects relevant to the kind of treatment in question should be given similar benefits and burdens, even if they are dissimilar in other irrelevant respects. The opposite is true of dissimilar.
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Shaw, W.L.(2005) Business Ethics 11 Example of Distributive Justice Company & Officers Compensation Fired employees in Millions Same Year ITT Annual Chairman Rand Araskog 10.4 Fired employees Total 10.4 to save $20 M Walt Disney Company 10 Yr. Stockholders up CEO Michael Eisner (contract) 771.0 in arms Pres. Micahel Ovitz Severance Pkg. 38.9 Stockholders up Ovitz for serving 14 mo's as President. 54.0 in arms Total - Eisner & Orvitz 863.9
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Shaw, W.H. (2005) Business Ethic 12 Distributive Justice Share of Aggregate 1970 1980 1990 2001 Family Income Best-off fifth 40.9% 41.1% 44.3% 47.7% Second fifth 23.8% 24.4% 23.8% 22.9% Middle fifth 17.6% 17.6% 16.6% 15.4% Fourth fifth 12.2% 11.6% 10.8% 9.7% Poorest fifth 5.4% 5.3% 4.6% 4.2% Top 5% 15.6% 14.6% 17.4% 21.0% U.S. Bureau of Census cited in Shaw (2005) p.80
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Cited in AP Associated Press, Yah 13 Distributive Justice A new study by the Center on Budget and Policy Priorities and the Economic Policy Institute report that incomes over the past 20 years.: Poorest 20 percent of families nationally grew by an average of $2,660 (19%) Incomes for the middle class grew $10,218 (28%) Incomes for the richest grew $45,100 (59%)
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