Essay - Business Ethics Question in Chapter 8, of Machan & Chesher's...

Business Ethics

Question

In Chapter 8, of Machan & Chesher's book: A Primer on Business *****, they claim that acting fairly is not a "prim*****ry moral duty"(p. 135). They go on to argue that insider trading is only unethical if one has "a prior obligation to share information with others"(p. 135). *****ssess Machan & ***** argument for why and when insider trading is morally permissible. Do you share their view? Why or ***** not?

The primary m*****al duty of the corporation, according ***** Machan & Chesher is to enrich ***** *****holders of that corporation. The CEO has a contractual obligation ***** enrich the *****'s shareholders, and has no such obligation to society at large. When the choice comes between society ***** the immediate interest of the shareholders, ***** shareholders must win. Society at ***** includes the 'others' the authors refer to in ***** above quotation. Thus, accord*****g to ***** & *****'s logic, insider ***** is ***** permissible so long as one enriches the party one is sworn to aid, under the legal by-laws of the corporation. *****, it would be unethical ***** conduct insider trading for the per*****nal satisfaction of enriching one's friends or relatives, but to share ***** to advance the ***** and c*****porate shareholder's *****s, and ***** withhold in*****mation from ***** general public would *****t be unethical or impermissible

*****

In Chapter 9,of Machan ***** Chesher's book: A Primer on Business Ethics, the authors claim "the most *****oretically satisfying environmental ethics ***** politics would be one where privatization of all *****ly significant realms ***** be advisable"(p. 146). Briefly explain Machan & ***** ***** for market-driven environmental policies (pp. 146-147). Do you share their optimism that "there would be fewer human-created ecological problems" if we privatized more public land? What is the best way, in your *****, to protect the environment ***** the threat of big bus*****ess?

Theoretic*****y sat*****fying for ********** ***** means theoretically satisfying in the sense that it satisfies ***** libertarian economics ***** ***** & Chesher's core philosophy. The authors believe ***** human beings treat their own property with ***** respect than public property. If corporations **********, for example, every conceivable river or a tract of land, the c*****porations theoretically would not pollute the ***** ***** harmful chemicals because it would not be in their interests to do so.

On a micro level, the authors' analysis seems correct, in the sense that individuals are more likely ***** treat a ***** p*****rk as a litter bin then their own yards. Ho*****ver, ***** beings al***** show similarly little ***** for their own office space, (what ***** microwave is as clean as a home *****) even though the office is a privately owned area that gives *****m the employees ***** ***** livelihood. Employees still do not 'own' in the same f*****hion as their *****s. ***** private business will not necessarily treat his or her corporately owned land with the ***** respect an executive treats ***** or ***** spouse, either—*****ymore than a ***** feels the same personal, private obligation to *****