Bus. Ethics- Orlando

Bus. Ethics- Orlando - • Measures to prevent downsizing...

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30/11/2009 12:23:00 Orlando: Downsizing of ten morally wrong Most arguments for the moral legitimacy of downsizing involve the  assumption that the interests of shareholders legitimately override the  interests of employees o (x=y)-> (Ox=Oy) but if (x does not equal y) then one will have a greater moral  status  o shows dissimilarity between shareholders and employees shareholders have property rights that employers don’t managers have fiduciary duties to shareholders (that they don’t have to  employees o Other people’s money argument Shareholders take on risks that employers don’t
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Unformatted text preview: • Measures to prevent downsizing interfere with implicit voluntary contracts • ← When the principle hires the agent to do the pricipal’s doings. When the higher management • The major source of income has to do with how much the stock is worth they are going to emphasize the stock to the greatest profit. • Emphasizing the stock to the greatest profit ensures short term profits rather than long term longevity. • 30/11/2009 12:23:00 ← 30/11/2009 12:23:00 ←...
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