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ETHICAL DIMENSIONS OF MANAGEMENT Summer, 2007 |
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Lawrence.Ulrich@notes.udayton.edu |
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NOTE: PERIODICALLY THERE WILL BE SOME MODIFICATIONS ON THIS PAGE TO THE READINGS FROM THE WALL STREET JOURNAL. THESE MODIFICATIONS ARE INTENDED TO KEEP YOU UP TO DATE ON ISSUES THAT FREQUENTLY ARISE ON AN ALMOST DAILY BASIS IN THE CORPORATE WORLD. I WILL NOTIFY YOU WHEN SUCH MODIFICATIONS ARE MADE.
BE = Business Ethics: Ethical Decision Making and Cases (7th Edition) by Ferrell, Fraedrich & Ferrell.
WUC = Wake-Up Calls: Classical Cases in Business Ethics by Newton and Schmidt.
There will be a total of approximately 450 pages of readings for the 12 week course.
Week 1 (May 14): Ethical Theories and Systems. [42 pages of
reading]
Introduction to the
unit (Streaming Video --- 2 minutes).
WUC. Pages xix-xli ["The Discipline of Ethics"].
BE, Pages 144-171 [Chapter 6, "Individual Factors: Moral Philosophies and Values"].
Ulrich, LP. "Ethical Systems in Business Ethics."
Aristotle, Nicomachean Ethics: Book 1, Chapter 13.
Aristotle, Nicomachean Ethics: Book 2.
Kant, Fundamental Principles of the Metaphysic of Morals. [Selection]
JS
Mill, Utilitarianism. "What Utilitarianism Is."
Kant on Lying [Slides].
Ulrich, LP. "Ethical Systems in Business Ethics."
Week 2 (May
21): Ethical Principles. [32 pages of reading]
Introduction to the
unit (Streaming Video --- 2 minutes).
Ulrich, LP. "Ethical Principles in Business Ethics."
BE, Pages 144-171 [Chapter 6, "Individual Factors: Moral Philosophies and Values"].
Week 3 (May 28):
The Importance of Business Ethics. [46
pages of reading]
BE, Pages 2-27 [Chapter 1, "The Importance of Business Ethics].
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TD1EX: Dates: 5/25-6/2 |
Week 4 (June
4): Virtues, Character, and Contemporary Ethical Issues. [33
pages of new reading]
Introduction to the unit (Streaming Video --- 2 minutes).
BE, Pages 56-87 [Chapter 3, "Emerging Business Ethics Issues].
Aristotle, Nicomachean Ethics: Book 1, Chapter 13. (Same as Week 1)
Aristotle, Nicomachean Ethics: Book 2. (Same as Week 1)
"NASDAQ
Credo" from The Wall Street Journal, 2/21/02. [Slides]
Virtues
of Managers. [Slide]
Hume's catalogue of Virtues. [Slide]
Virtues (Robert Solomon). [Slide]
ERESERVE.
[Werhane, PH. "The Ethics of Insider Trading." (5 pages)].
ERESERVE.
[Lippke, RL. "Justice and Insider Trading." (10 pages)].
"Standards for Determining Insider Trading" from The Wall Street Journal, 12/31/02.
"Spring Loading As Insider Trading" from The Wall Street Journal, 07/08/06.
"Martha Stewart Insider Trading" from The Wall Street Journal, 6/14/02.
"Martha Stewart's Possible Indictment" from The Wall Street Journal, 6/4/03.
"Martha Stewart, Broker Indicted" from The Wall street Journal, 6/5/03.
"Mayham over Martha" Editorial from The Wall Street Journal, 6/5/03.
The United States of America v. Martha Stewart and Peter Bacanovic: Legal Indictment.
The United States of America v. Martha Stewart and Peter Bacanovic: Legal Indictment.
"Martha Stewart's Conviction" from The Wall Street Journal. 3/8/04.
"Martha Stewart's Reactions I" from The Wall Street Journal, 7/19/04.
"Martha Stewart's Reactions II" from The Wall Street Journal, 7/19/04.
"Martha Stewart and the SEC" from The Wall Street Journal, 7/16/04.
LEGAL DEFINITION OF INSIDER TRADING: Trading in possession of material, nonpublic information obtained in breach of a duty.
The United States of America v. Samuel Waksal. Legal Indictment on Insider Trading.
The United States of America v. Samuel Waksal. Legal Indictment on Tax Evasion.
"Sam Waksal Sentencing" from The Wall Street Journal, 6/11/03.
Week 5 (June 11): Corporate
Responsibility: Ethics and the Law. [30
pages of reading]
BE, Pages 88-118 [Chapter 4, "The
Institutionalization of Business Ethics].
"Grasso's Pay, First Disclosure" from The Wall Street Journal, 8/28/04.
"SEC Demands Details on Grasso from The Wall Street Journal, 09/03/03.
"Grasso Report: Executive Summary" from The Wall Street Journal, 2/2/05.
"Response from Grasso's Spokesman" from The Wall Street Journal, 02/02/05.
"Grasso Influenced Pay Package" from The Wall Street Journal, 9/11/03.
"Grasso Quits NYSE" from The Wall Street Journal, 9/18/04.
"Grasso and Greed" from The Wall Street Journal, 9/18/04.
"Grasso's Hopes" from The Wall Street Journal, 9/26/04.
"Spitzer Files Suit against Grasso" from The Wall Street Journal, 5/25/04
NewYork V Grasso (Full Text - PDF file -106 pages) 5/24/04.
New York V Grasso (Excerpts) from The Wall Street Journal, 5/25/04.
"CEOs' Excessive Pay" from The Wall Street Journal, 4/26/06.
"Survey CEOs' Compensation" from The Wall Street Journal, 4/10/06.
"Exxon Raymond's Pay" from The Wall Street Journal, 4/10/06.
"Exxon Raymond's Pension Package" from The Wall Street Journal, 5/20/06.
"Executives' Pensions Increase While Workers' Decrease" from The Wall Street Journal, 06/23/06.
"Blackstone's IPO Riches" from The Wall Street Journal, 06/12/07.
"Senate Reaction to Blackstone's IPO" from The Wall Street Journal, 06/15/07.
Week 6 (June
18): Ethics and Leadership. [39 pages of reading]
BE, Pages 119-143 [Chapter 5,
"Ethical Decision Making and Ethical Leadership"]
"Integrity:
A Statement of PriceWaterHouseCoopers" from The Wall Street Journal,
1/16/03. [1page]
Trust [Slides]
"Tyco's Accounting Practices" from The Wall Street Journal, 12/31/02. (3 pages).
"Tyco's Conviction" from The Wall Street Journal, 6/17/05.
American Institute of Certified Public Accountants (AICPA). (Reference)
"Executives' Conflict of interest at Sprint" from The Wall Street Journal, 2/10/03.
"Accounting Conflict of Interest" from The Wall Street Journal, 2/7/03.
"Sprint Tax Breaks" from The Wall Street Journal, 2/13/03.
"Ethics and Anderson" from The Wall Street Journal, 3/20/03.
"U.S. Supreme Court Overturns Anderson Verdict" from The Wall Street Journal, 6/1/05.
"Bernard Ebbers and Accounting Fraud from The Wall Street Journal, 6/6/03.
"Staff Accounting Fraud at WorldCom" from The Wall Street Journal, 6/23/03.
"SEC Settlement for WorldCom is Approved" ($750 Million) from The Wall Street Journal, 7/8/03.
SEC v. WorldCom. $750 million Settlement Decision, 7/7/03.
"Bernard Ebbers Indicted from The Wall Street Journal, 03/03/04.
"Bernard Ebbers and Uneasy Partnership" The Wall Street Journal, 1/12/05.
"Bernard Ebbers Conviction" from The Wall Street Journal, 031505.
"EbbersSentencing" from The Wall Street Journal, 07/14/05.
"AIG Insurance Risk" from The Wall Street Journal, 03/15/05.
"AIG Greenberg's Retirement" from The Wall Street Journal, 03/15/05.
"AIG SubpoenasSEC" from The Wall Street Journal, 03/28/05.
"AIG Admits Improper Accounting" from The Wall Street Journal, 03/31/05.
"AIG Chief's Last Tumultuous Days" from The Wall Street Journal, 04/01/05.
"AIG Outside Audit" from The Wall Street Journal, 04/01/05.
"AIG Alliance Casuality" from The Wall Street Journal, 05/20/05.
"Tobacco Lied" from The Wall Street Journal, 081806.
"Nexium and Prilosec" from The Wall Street Journal, 6/6/02.
"Vioxx Verdict" from The Wall Street Journal, 08/22/05.
"Vioxx Verdict Backlash" from The Wall Street Journal, 08/22/05.
"Vioxx Timeline" from The Wall Street Journal, 08/22/05.
"Vioxx Verdict: Merck Response" from The Wall Street Journal, 08/22/05.
"Vioxx Litigation" from The Wall Street Journal, 08/25/05.
"Vioxx Verdict Casts Doubt on Merck" from The Wall Street Journal, 08/24/05.
"Merck Acquited" from The Wall Street Journal, 11/03/05.
"Merck's Victory from The Wall Street Journal, 11/04/05.
"Merck Liable" from The Wall Street Journal, 04/06/06.
"Merck's Punitive Damages" from The Wall Street Journal, 04/11/06.
"Merck and Fosamax" from The Wall Street Journal, 04/12/06.
"Merck-Gardasil from The Wall Street Journal, 06/09/06.
"Merck Loses Two Vioxx Cases from The Wall Street Journal, 08/18/06.
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Collaborative Writing Project 1: Due Date --- Sunday, June 24 |
Week 7 (June 25):
Developing a Corporate Culture. [43 pages of reading]
Introduction to the unit (Streaming Video --- 2 minutes).
BE, Pages, 172-202 [Chapter 7, "The Role of Ethical
Culture and Relationships"]
ERESERVE.["The Aircraft Brake Scandal"].
"Whistleblowing and HealthSouth Fraud" from The Wall Street Journal, 5/20/03.
"HealthSouth: More Allegations" from The Wall Street Journal, 7/25/03.
"HealthSouth Legal Defense" from The Wall Street Journal, 02/02/05.
"HealthSouthScrushyAcquited" from The Wall Street Journal, 06/29/05.
"HealthSouth Key Events in Scrushy Case" from The Wall Street Journal, 08/26/05.
"HealthSouth CFO Sentence" from The Wall Street Journal, 08/26/05.
"HealthSouth Scrushy Bribery Conviction from The Wall Street Journal, 06/30/06.
"HealthSouth Scrushy Conviction Appeal from The Wall Street Journal, 07/01/06.
"KPMG Settlement" from The Wall Street Journal, 08/29/05.
"KPMG Charges" from The Wall Street Journal, 08/30/05.
"KPMG and Congress" from The Wall Street Journal, 08/30/05.
"KPMG Tentative Settlement" from The Wall Street Journal, 11/01/05.
"KPMG Decision Highlights" from The Wall Street Journal, 06/28/06.
Introduction to the Unit (Streaming Video --- 2 minutes).
ERESERVE. Heath, Eugene. ["Corporate Responsibility"]
"How Enron Bosses Created a Culture of Pushing Limits" from The Wall Street Journal, 8/26/02. (3 pages).
Report of Special Investigative Committee of Board of Directors of Enron, 02/01/2002.
"California Sues Enron" from The Wall Street Journal, 6/2/04.
"Enron Tapes" from The Wall Street Journal, 6/2/04
"Lay is Indicted" from The Wall Street Journal, 7/8/04.
US v. Lay , Full Text of Indictment, 7/7/04.
"Lay's Indictment Excerpts" from The Wall Street Journal, 7/8/04.
SEC Amended Complaint against Kenneth Lay, et.al. , 7/8/04.
"Lay's Response to Indictment" from The Wall Street Journal, 7/8/04.
"Kenneth Lay's Biography" from The Wall Street Journal, 7/9/04.
"Enron's Code of Ethics," 2000.
"Enron's Legal Defense" from The Wall Street Journal, 01/20/06.
"Fall of Enron" from The Houston Chronicle Special Report. Look under category "Business." 2006.
"Skilling's Testimony I" from The Wall Street Journal, 04/11/06.
"Skilling's Testimony II" from The Wall Street Journal, 04/11/06.
"Enron's Lay's Shaky Performance" from The Wall Street Journal, 05/01/06.
"Enron's Lay Defends Practices" from The Wall Street Journal, 05/03/06.
"Enron Closing Arguments" from The Wall Street Journal, 05/16/06.
"Enron's Defense Attacks "Fictional" Case' from The Wall Street Journal, 05/17/06.
"Enron Waiting for Verdict" from The Wall Street Journal, 05/20/06.
"Enron's Legacy" from The Wall Street Journal, 05/20/06.
"Enron's Lay, Skilling Conviction from The Wall Street Journal, 05/26/06.
"Enron's Conviction Opinion WSJ from The Wall Street Journal, 05/26/06.
"Enron's Skilling Interview I from The Wall Street Journal, 061706.
"Enron's Skilling Interview II from The Wall Street Journal, 061906.
"Enron's Lay and Skilling - $183 Sought by Government from The Wall Street Journal, 07/01/06.
"Enron's Lay's Death and Legacy from The Wall Street Journal, 07/06/06.
Week 8 (July 2): Corporate Responsibility and the Stakeholder theory. [50 pages of reading]
Introduction to the Unit (Streaming Video --- 2 minutes).
BE, Pages 28-53 [Chapter
2, "Stakeholder Relationships, Social Responsibility, and Corporate Culture"].
ERESERVE. Heath, Eugene. ["Corporate Responsibility"]
Freeman, R. Edward. "A Stakeholder Theory of the Modern Corporation.".
"How Enron Bosses Created a Culture of Pushing Limits" from The Wall Street Journal, 8/26/02. (3 pages).
Report of Special Investigative Committee of Board of Directors of Enron, 02/01/2002.
"California Sues Enron" from The Wall Street Journal, 6/2/04.
"Enron Tapes" from The Wall Street Journal, 6/2/04
"Lay is Indicted" from The Wall Street Journal, 7/8/04.
US v. Lay , Full Text of Indictment, 7/7/04.
"Lay's Indictment Excerpts" from The Wall Street Journal, 7/8/04.
SEC Amended Complaint against Kenneth Lay, et.al. , 7/8/04.
"Lay's Response to Indictment" from The Wall Street Journal, 7/8/04.
"Kenneth Lay's Biography" from The Wall Street Journal, 7/9/04.
"Enron's Code of Ethics," 2000.
"Enron's Legal Defense" from The Wall Street Journal, 01/20/06.
"Fall of Enron" from The Houston Chronicle Special Report. Look under category "Business." 2006.
"Skilling's Testimony I" from The Wall Street Journal, 04/11/06.
"Skilling's Testimony II" from The Wall Street Journal, 04/11/06.
"Enron's Lay's Shaky Performance" from The Wall Street Journal, 05/01/06.
"Enron's Lay Defends Practices" from The Wall Street Journal, 05/03/06.
"Enron Closing Arguments" from The Wall Street Journal, 05/16/06.
"Enron's Defense Attacks "Fictional" Case' from The Wall Street Journal, 05/17/06.
"Enron Waiting for Verdict" from The Wall Street Journal, 05/20/06.
"Enron's Legacy" from The Wall Street Journal, 05/20/06.
"Enron's Lay, Skilling Conviction from The Wall Street Journal, 05/26/06.
"Enron's Conviction Opinion WSJ from The Wall Street Journal, 05/26/06.
"Enron's Skilling Interview I from The Wall Street Journal, 061706.
"Enron's Skilling Interview II from The Wall Street Journal, 061906.
"Enron's Lay and Skilling - $183 Sought by Government from The Wall Street Journal, 07/01/06.
"Enron's Lay's Death and Legacy from The Wall Street Journal, 07/06/06.
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TD2EX: Dates: 6/25-7/6 Two (2) Short Essays 2: Due Date: Saturday, July 7 |
Week 9 (July
9): Dignity, Respect for Persons, Affirmative Action,
and Sexual Harassment.. [50 pages
of reading]
Introduction to the unit (Streaming Video --- 2 minutes).
ERESERVE. Ezorsky, Gertrude "Moral Perspectives on Affirmative Action."
ERESERVE. Pojman, Louis."The Moral Status of Affirmative Action.".
"U.S. Supreme Court Limits Integration" from The Wall Street Journal, 06/29/07.
U.S. Supreme Court Decision. Parents Involved in Community Schools v. Seattle School District No. 1. 06/28/07.
"Affirmative Action at the University of Michigan" from The Wall Street Journal, 2/10/03.
"Affirmative Action and the Wealthy" from The Wall Street Journal, 2/20/03.
ERESERVE. [Dodds, SM et al. "Sexual Harassment." (12 pages)].
"Sexual
Harassment at Salomon Smith Barney" from The Wall Street Journal, 12/17/02.
WUC. Pages 71-84 ["Must We
Maintain a Friendly Workplace? Sexual Harassment on the Job"].
"Job Security: What Could Happen Without It" from The Wall Street Journal 3/5/03.
"Employee Termination to Save Health Care Costs" from The Wall Street Journal, 7/14/03.
"Workers Confront Downward Mobility" from The Wall Street Journal, 8/13/03.
"Cutting Retiree Benefits" from The Wall Street Journal, 03/16/04.
"United Record Pension Default" from The Wall street Journal, 5/11/05.
"Pensions for Retirees" from The Wall Street Journal, 5/18/05.
"When Older Workers Have Young Bosses" from The Desert Sun, 7/11/05.
"Retirement Benefits" from The Wall Street Journal, 07/19/05.
"Executives' Pensions Increase While Workers' Decrease" from The Wall Street Journal, 06/23/06.
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TD3EX: Dates:7/11-7/18 Two (2) Short Essays 3: Due Date --- Thursday, July 19 |
Week 10 (July 16): Business Practices and the Environment. [43 pages of reading]
Introduction to the unit (Streaming Video --- 2 minutes).
ERESERVE Heath, Eugene. "Business, Technology, and Environmental Ethics: Western Attitudes to Nature." "Kinds of Environmentalism," "Markets and the Environment," "Protecting the Environment."
"Information Technology and Privacy" from The Wall Street Journal, 3/7/00.
"Dupont and Greenhouse Gases" from The Wall Street Journal, 1/16/03.
"Chemical Manufacturers Elude Crackdown on Toxic Materials." from The Wall Street Journal, 5/21/03.
WUC. Pages 129-146 ["Who Should
Clean Up the Mess? Love Canal and Corporate Responsibility for Old Pollution."].
Week 11 (July 23): Applying Course Concepts to the Global Marketplace; Human Rights as a Foundation. [31 pages of reading]
Introduction to the unit (Streaming Video --- 2 minutes).
BE, Pages 260-289 [Chapter 10, "Business Ethics in
a Global Economy"].
ERESERVE.
[Facione, PA. "Rights and Duties." (22 pages)].
Employees' Rights [Slides].
UN
Declaration of Human Rights (1948)
Declaration
of the Rights of Man and the Citizen (French Revolution) (1789).
Rights
of Women (1791)
Constitution
of Virginia (1776)
US
Bill of Rights (1789)
English
Bill of Rights (1689)
Magna
Carta (1215)
Aboriginal
Charter of Rights (2000).
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Week 12 (July
30): The Moral Effects of Commerce: Capitalism
and Theories of Profit. [37 pages of reading]
Introduction to the unit (Streaming Video --- 2 minutes).
"Bernard Ebbers and the Acquisition of Wealth" from The Wall Street Journal, 12/31/02. (5 pages).
"Executives' Pensions Increase While Workers' Decrease" from The Wall Street Journal, 06/23/06.
"Adelphia Convictions" from The Wall Street Journal, 7/9/04.
Heath, Eugene. "The Moral
Effects of Commerce".
WUC. Pages xxxv-xxxviii ["Capitalism
and the Business System"].
Karl Marx,
Manifesto of the Communist Party. [Every
educated person in the Western world should be familiar with this document in
spite of the collapse of Communism in the Soviet Union.]
Bell, Daniel. "The Cultural Contradictions of Capitalism".
"Free Market Drugs" from The Wall Street Journal, 2/28/03.
"Profits for Generic Drugs" from The Wall Street Journal, 3/31/03.
"Profiting From Medicare Drug Plan" from The Wall Street Journal, 06/21/06.
"Big Buyers Push Drug Cuts" from The Wall Street Journal, 06/22/06.
"Generic Zocor For Sale from The Wall Street Journal, 06/24/06.
"Merck Prices Zocor Below Generic" from The Wall Street Journal, 06/21/06.
"Merck Sells Zocor Below Generic" from The Wall Street Journal, 06/22/06.
"AIDS Pill Simplified" from The Wall Street Journal, 07/10/06.
"Mining in Australia" from The Wall Street Journal, 7/21/04.
Arnold, N. Scott. "Why Profits are Deserved".
"Debt Symbol of Capital" from The Wall Street Journal, 05/17/05.