This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 10/7/2011 1 Chapter 4: Demanding Ethical Ethical and Socially Socially Responsible Responsible Behavior Behavior True or False? According to the Association of Certified Fraud Examiners, employee fraud causes 30% of all business failures. ` Enron shareholders lost $74 billion ` 22,000 Enron employees lost their jobs ` Bernie Madoff cheated his customers out of an estimated $40 billion 10/7/2011 2 ` So far, the 2008 subprime mortgage crisis has cost the U.S. economy about $3.3 trillion in lost GDP (6% trillion in lost GDP (6%) ` Thats $11,000 per man, woman, and child in the U.S. ` Europe has lost a similar amount ` Unethical behavior lowers our collective welfare, while ethical behavior raises our collective welfare welfare ` Kants categorical imperative ` Kohlbergs moral stages Act only in accordance with that maxim through which you can at the same time will that it become a universal law. ` Example: Only cheat on your spouse if you would be pleased to live in a world where all spouses cheated on each other. 10/7/2011...
View Full Document
- Fall '11