Business Ethics Case Study The key parties
The key parties of this situation would be Stewart and myself. Even though I think telling Stewart about Wassail is unethical, following Abscission’s orders and telling her Mould put her at an advantage because she would be able to sell her Leone stocks before the rest of the shareholders could. Even though she could use the Wassail Information for her advantage, she would be putting herself in Jeopardy with the law.
Following Abscission’s orders would also make me look better in front of him and he loud possibly help me get a higher positioned Job in the future. For myself, if I know telling Stewart is unethical and I still do it, I am going against my own moral values. Ay doing so, I am complying with Albert Car’s way of thinking about business and personal ethics being separate. I would be complying with Car’s thinking because I Mould be following Abscission’s orders even though it goes against my own values.
If I don’t listen to Biconvex, I could risk losing my Job at the company.
By doing so, it could put a halt in my career. 2. My main argument to Biconvex would be that telling Stewart would give her an unfair advantage compared to the other shareholders and that it is illegal to do so. Since he is my boss, I would try taking a respectful approach by stating that his orders are illegal and that this could put all of us in Jeopardy with the law.
Even though he is the senior broker at Merrill Lynch, the law does not Change for anyone and he would also be questioned and tried if we got caught.
3. My main leverage point would be that trying to get rid of those stocks at a lower price Han you originally wanted to is not worth getting investigated and tried by federal officials. In this case, the FDA did not refuse the drug; they simply said they needed more information about it before they could release it to the public.
So even though Stewart and Wassail would lose money during the waiting period, within three to six months, they would be gaining profit from the drug after being FDA approved. In any case, losing a small amount of money from investing in an up and coming company is better than facing time in prison, a permanent record, and ruining your reputation in he working world. 4.
The argument that I am making should be addressed to canonic and the people that agree with his business ethics.
Instead of having a Carr mindset, I have more of a Trucker mindset. With my Trucker mindset, I would address Biconvex and these people about how spreading insider information to only select few is against the law and how it could ruin their image as people in the Morning field. No matter whether you are a senior broker or assistant, ruining your image in the working field does no good to anyone. All their hard work up to that mint will diminish and trying to gain back a good reputation will be difficult.
As many parents tell their children, Biconvex and his supporters should put themselves in the shoes of other shareholders that will fairly lose money from their investments in the Incline company.
By doing so, they will be able to mentally see and feel the loss that happens through stocks. Instead of trying to give certain people unfair advantages, higher authoritative positions in companies should be more ethical and try to give reassurance that the stocks will raise soon.