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b10chap4 - Chapter 4 Demanding Ethical Socially Responsible...

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12/29/2011 1 Chapter 4: Demanding Ethical and Socially Responsible 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
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12/29/2011 2 ` So far, the 2008 subprime mortgage crisis has cost the U.S. economy about $3.3 trillion in lost GDP (6%) ` That’s $11,000 per man, woman, and child in the U.S. ` Europe has lost a similar amount GDP/capita Somalia 600 $ Myanmar 1,400 $ Afghanistan 900 $ Iraq 3,548 $ Uzbekistan 3,048 $ GDP/capita Denmark 36,443 $ New Zealand 27,130 $ Singapore 56,694 $ Finland 34,918 $ Sweden 38,204 $
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12/29/2011 3 ` Unethical behavior lowers our collective welfare, while ethical behavior raises our collective welfare ` Kant’s categorical imperative ` Kohlberg’s 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
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