Paper 2 Ethics of Corp Downszng

Paper 2 Ethics of Corp Downszng - d Aprlt, z-uurt: The...

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d Aprlt, z-uurt: The Ethics of Corporate Downsizing In "The Ethics of Corporate Downsizing" John Orlando argues that corporate downsizing is often morally wrong. He argues that business ethics literature has not yet made a distinction between the situation of the shareholder and the worker with the corporation. Orlando begins by refuting the arguments made in favor of the shareholders over any others. He then goes on to give some arguments against the morality of corporate downsizing and finishes by providing some suggestions how corporate managers could improve their decisions of the ethics in downsizing. Orlando first refutes the argument that the position of shareholder take precedence over all else because they are the legal owners of the corporation. He argues that the only thing this does is provide the definition of shareholder but has not provided "a morally relevant reasori for privileging the interest of that group. Ian Maitland argues that shareholders should be taken above all else because they have invested capital in the corporation, thus taking the risk. Orlando refutes this by stating that workers have invested a lot more in the security of their
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This note was uploaded on 09/08/2010 for the course PHIL 186 at San Jose State University .

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Paper 2 Ethics of Corp Downszng - d Aprlt, z-uurt: The...

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