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d Aprlt, z-uurt:The Ethics of Corporate DownsizingIn "The Ethics of Corporate Downsizing" John Orlando argues that corporate downsizingis often morally wrong. He argues that business ethics literature has not yet made a distinctionbetween the situation of the shareholder and the worker with the corporation. Orlando begins byrefuting the arguments made in favor of the shareholders over any others. He then goes on togive some arguments against the morality of corporate downsizing and finishes by providingsome suggestions how corporate managers could improve their decisions of the ethics indownsizing.Orlando first refutes the argument that the position of shareholder take precedence overall else because they are the legal owners of the corporation. He argues that the only thing thisdoes is provide the definition of shareholder but has not provided "a morally relevant reasori forprivileging the interest of that group. Ian Maitland argues that shareholders should be takenabove all else because they have invested capital in the corporation, thus taking the risk.