Business Ethics

Michael Boylan is Professor and Chair of Philosophy at Marymount University. He is the author and editor of 26 books, including his manifesto on social/political philosophy A Just Society (2004), and on cosmopolitanism Morality and Global Justice: Justifications and Applications (2011). Boylan was himself the focus of an edited volume, Morality and Justice: Reading Boylan’s A Just Society (2009). He has served on professional and governmental policy committees and was a fellow at the Center for American Progress and a program presenter at The Brookings Institution. He has been an invited speaker in nine countries around the world, including talks in Oxford, Cambridge, Cologne, Oslo, Dublin, Sydney, and the Sorbonne.

• Notes on Contributors x Preface to the Second Edition xiiiSource Credits xv1 Ethical Reasoning 1Michael Boylan2 Theories of Economic Justice 12Marxian Liberalism 13Jeffrey ReimanReframing the Commonwealth: Commercial or Civic 32Marvin T. BrownEvaluating a Case Study: Developing a Practical Ethical Viewpoint 453 What Is a Corporation? 51A. The Corporation as an Individual 55Can a Corporation Have a Conscience? 55Kenneth E. Goodpaster and John B. Matthews Jr.The Corporation as a Moral Person 63Peter A. FrenchPersonalizing Corporate Ontology: The French Way 72Thomas DonaldsonCitizens United v. FTC (U.S. Supreme Court Case, 2010) 81B. The Corporation as a Community: Stakeholder Theory 87Corporations as Communities 87Amitai EtzioniBusiness Ethics and Stakeholder Analysis 95Kenneth E. GoodpasterStakeholders and Consent 108Stephen CohenA Fiduciary Argument against Stakeholder Theory 114Alexei M. MarcouxEvaluating a Case Study: Finding the Conflicts 1364 What Are Proper Business Practices? 142A. Competition and the Practice of Business 145The Janus Faces of Competition 145Michael BoylanThe Principle of Fair Competition 155Michael BoylanB. Advertising 163The Advertising of Happiness and the Branding of Values 163Edward H. SpenceA Model to Explore the Ethics of Erotic Stimuli in Print Advertising 176Tony L. Henthorne and Michael S. LaTourC. Information Technology 187The Importance of Information in Business Ethics 187Mariarosaria TaddeoWorkplace Monitoring and Surveillance: The Problem of Trust 197John WeckertEvaluating a Case Study: Assessing Embedded Levels 2145 Ethical Issues within the Corporation 223A. Working Conditions 228Of Acceptable Risk 228William W. LowranceWorking Conditions in Home Care: Negotiating Race and Class Boundaries in Gendered Work 235Sheila M. Neysmith and Jane AronsonSneakers and Sweatshops: Holding Corporations Accountable 247David M. SchillingB. Affirmative Action 252Preferential Hiring 252Judith Jarvis ThomsonPreferential Hiring: A Reply to Judith Jarvis Thomson 257Robert SimonThe Future of Affirmative Action 259Michael BoylanC. Gender Issues 266In Shouts and Whispers: Paradoxes Facing Women of Colour in Organizations 266Rekha KarambayyaCompensation Inequality 275Jane UebelhoerD. Whistle-Blowing 288Whistle-Blowing 288Terrance McConnellMad as Hell or Scared Stiff ? The Effects of Value Conflict and Emotions on Potential Whistle-Blowers 300Erika HenikEvaluating a Case Study: Applying Ethical Issues 3116 The Context of Business: Nationally and Internationally 321A. The Financial Services Industry 325Ethics in Financial Services: Systems and Individuals 325Ronald DuskaDerivatives and the Financial Crisis: Ethics, Stewardship, and Cultural Politics 339David E. McCleanMadoff and Kreuger: Fraud Theories, Red Flags, and Due Diligence in the Auditing Process 356Behnaz Z. Quigley and Mary Jane EichornB. Global Business: Bribing 370Bribery 370Michael PhilipsBribery and Implicit Agreements: A Reply to Philips 384Thomas L. CarsonWhat’s Wrong with Bribery? 387Scott TurowC. Globalization 390Economic Globalization: An Empirical Presentation and a Moral Judgment 390Farhad RassekhMultinational Enterprises and Incomplete Institutions: The Demandingness of Minimum Moral Standards 409Nien-hê HsiehEvaluating a Case Study: Structuring the Essay 423Further Reading 430