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Questions and Answers of Law Business And Society

Should American companies refuse to do business in countries that: a. Do not practice democracy? b. Routinely practice discrimination? c. Tolerate or even encourage the abuse of
a. Do Americans trust the business community? Do you? Explain. b. Does it matter? Why?
Sam Wong, speaking during his sophomore year at Iowa State University: Materialism, like patience, is a virtue. Ever since my parents bought me my first Transformer, almost everyone has tried to
Facebook founder and CEO Mark Zuckerberg, in 2016, spoke about his ambitions for reaching all of the world through the Internet. Zuckerberg criticized people and nations who oppose a connected world
FloraCraft owner Lee Schoenherr told his 200 plus employees in 2018 that he was giving each full-time worker an average bonus of about $20,000 (nearly $4 million in total) to thank them for their
Businesses are encouraged to serve some kind of “social purpose.” A recent USA TODAY opinion column called the social purpose approach “muddle-headed” and argued that businesses already serve
According to news reports, Kay Delzer, 2019 North Dakota Teacher of the Year, remodeled her third grade classroom to capture some of the comforts and atmosphere of Starbucks. She expects daily
The San Antonio, Texas, city council in 2019 banned Chick-fil-A from the city airport, accusing the company of a “legacy of anti-LGBTQ behavior.” A Pennsylvania Chick-filA franchise, on its own
Dan Price wrote in the Huffington Post: “My 40-year goal is to create a world where values-based companies suck up all the oxygen and take over the economy. I don’t mind if existing companies
A 2016 Washington Post headline included the question: “Yosemite, Sponsored by Starbucks?” That headline stirred loud opposition and lots of jokes, such as the suggestion that Old Faithful might
Surveys of young people in recent years suggest that employers, trying to replace millions of retiring baby boomers, may need to demonstrate a social commitment in order to be fully competitive in
New York University’s Stern Center for Business and Human Rights, founded in 2013, was the first such program in a business school. Why should business schools be studying human rights, a topic
a. Remembering that Gravity is a privately-held company, should we expect other profitable companies to follow Gravity’s generous minimum wage policy? Explain. b. Should CEOs diminish their
A 2016 National Public Radio story was headlined: “Resisting the Corporate University.” Critics decry the university’s hard shift away from the Liberal Arts towards vocationalism: preparing you
Greenwashing is a form of “spin” or propaganda in which an organization, typically a corporation, makes environmental (“green”) claims that may or may not be true, but that fail to reveal the
Jackie Barden, mother of one of the Sandy Hook victims, read the gun advertising language noted above and asked herself: “How can it be, in this day and age, that they are advertising like this?
The 2004 movie documentary, The Corporation, argues that the corporation has become the dominant institution in American life, exceeding the influence of both religion and government. One result is
Americans’ fashion-forward sensibility is sustained by globe-spanning supply chains that consume enormous amounts of water, energy, chemicals, cotton, oil, and other resources, while casting off
Scholar Denis Goulet argued that we will find “no facile resolution to the conflict between the values of a just society and the sharply opposing values of successful corporations.”a. Do you
Our tightly connected, highly efficient global supply systems have brought jobs, and thus vital first steps out of abject poverty for millions of garment workers in developing nations such as
Drew Chafetz, in his mid-twenties and a huge soccer fan, did not turn directly to the job market following college graduation. Rather, in 2006 he co-founded love. futbol, a global non-profit
Visit the Global Policy Forum website at www.globalpolicy.org. Click on the Corporate Influence button to examine corporate persuasiveness in global governance matters, particularly in U.N. decision
Banadex, a subsidiary of Cincinnati-based Chiquita Brands International, paid bribes to Colombian rebels over a period of years, including $1.7 million from 1997 to 2004 to the AUC (Autodefensas
Assume you are working as manager of women’s clothing in a large department store. You observe the manager of equivalent rank for men’s clothing performing poorly in that she arrives late for
Self-driving cars raise ethical issues, such as who the car saves in the event of an accident: passengers, pedestrians, or the driver. Who should make such decisions regarding the design of
Comment on the following quotes from Albert Z. Carr: Most bluffing in business might be regarded simply as game strategy much like bluffing in poker, which does not reflect on the morality of the
Can business people successfully guide their conduct by the Golden Rule? Explain.
Rank the following occupations as to your perception of their honesty and ethical standards: clergy, bankers, lawyers, medical doctors, high school teachers, police officers, car salespeople, members
Several CEOs withdrew from White House business advisory councils after President Trump’s response to violence at a 2017 white nationalists’ rally caused controversy. Merck’s CEO, Kenneth
If you were an executive about to hire a new manager, which of the following qualities would you consider most and least important: verbal skills, honesty and integrity, enthusiasm, appearance, or
Risperdal, a Johnson & Johnson antipsychotic medicine, provides significant benefits, but it also can cause strokes among the elderly and generate large breasts in boys. Johnson & Johnson
When Business and Society Review surveyed the presidents of 500 large U.S. companies, 51 responded with their reactions to hypothetical moral dilemmas. One question was this: Assume that you are
Management trainer and author Mary Donohue claims that tyrannical, authoritarian bosses are commonplace: “This is a virus that has spread far and wide.” These managers, she says, rule over their
A pharmacist in Lexington, Kentucky, refused to stock over-the-counter weight reducers. His reasons were:(1) The active ingredient was the same as that in nasal decongestants.(2) He feared their side
The Los Angeles Times headlined a story: “Getting Brilliant Students to Seek Jobs beyond Wall Street.” The article examined the movement at some of the nation’s top universities to encourage
Many businesses directly practice Christian principles in the workplace. Hobby Lobby, for example, closes its hundreds of stores on Sunday, donates Christian counseling services, and buys holiday ads
According to a recent study, only nine percent of those committing major corporate fraud during the years studied were women. Of course, fewer women than men occupy the top corporate positions that
Indian spiritual, political, and civil rights leader Mahatma Gandhi viewed moral responsibility quite differently from Sartre. Gandhi’s view: “All humanity is one undivided and indivisible
A group of 12 employees at a real estate office in south Florida chipped in $20 each toward the purchase of lottery tickets for a Powerball drawing. One employee, Jennifer Maldanado, an
Boris Siperstein, then 38, of Austin, Texas, reported biking to meetings for his privateequity firm and estimated that he saved the firm several thousand dollars because he took his folding bike on
Generation-Z or Gen Z, roughly those born from 1996-2010, started entering college campuses in force in 2014. Today they, or perhaps the better pronoun is you, make up the vast majority of the
a. In January 2020, Major League Baseball Commissioner Rob Manfred issued a report on arguably the most significant scandal since the steroid abuses of the 2000s. The Houston Astros were fined $5
James Nordgaard, a hedge fund trader, said his former employer, Paradigm Capital, “embarked on a campaign of retaliation” against him after he blew the whistle on what he says were “trading
Cheating in college is commonplace. In a survey of 300 students from both public and private universities, including online programs, 86 percent responded that they had cheated in school, with 54
a. With regard to the college admissions scandal discussed earlier in the chapter, are the actions of the parents involved ethically defensible? Explain. b. Should the children, who were
In a 2017 The New York Times opinion editorial, Nicholas Kristof asserted that the opioid crisis resulted from greed, not just of drug lords, but of pharmaceutical executives who “lost their
Federal judge Sandra Beckwith in Ohio stretched judicial latitude to the maximum in her 2011 sentencing of Michael E. Peppel, former board chair and CEO of technology firm MCSi. Peppel pleaded guilty
A 2019 Pew Research Center poll found that 43 percent of Americans are “very worried” about the “moral values of Americans in the future.”Question Do you think America is in moral
In 2017, five accountants at KPMG, including a former managing partner for audit quality, were charged with misappropriating and using information from the Public Company Accounting Oversight Board
We are often confronted with questions about the boundaries of our personal responsibilities. Assume you are at a professional baseball game in the city in which you live. a. Another fan turns
Ethics expert Kirk O. Hanson has identified “six ethical dilemmas every professional faces,” including “What Is Worthwhile Work?” In thinking about that question, Hanson mentions a number of
We can see that executive wrongdoing has been a significant problem in recent years, but what about questionable employee behavior? Should some commonplace worker practices be considered unethical?
Sam Polk, a 30-year-old hedge fund trader, walked away from his $3.6 million Wall Street bonus convinced that he was addicted to wealth and pursuing a meaningless life. He had been angry that his
To date, General Motors officers and managers have escaped prosecution by the federal government. Preet Bharara, former U.S. attorney for the Southern District of New York, explained: “There are
a. How do you feel about distinguished economist Gary Becker’s free-market approach to America’s immigration difficulties: In a market economy, the way to deal with excess demand for a product or
Economist Tyler Cowen is concerned that our economy is changing in ways that encourage a reduction in personal ownership of physical objects, the “stuff” of our lives. He points particularly to
Hilda Scott wrote a book to which she affixed the provocative title, Does Socialism Liberate Women?a. Answer her question. Explain.b. Are minority oppression and oppression of women inevitable
Which is more important to you: “freedom to pursue life’s goals without state interference” or “state guarantees that nobody is in need.” Explain.
The intellectual Adolph Berle once said, “A day may come when national glory and prestige, perhaps even national safety, are best established by a country’s being the most beautiful, the best
Commentator Thomas Friedman reflected on the Islamic terrorists’ hatred for America as a country of wealth and power but “no values:” The Islamic terrorists think our wealth and power is
James Shaw Jr. disarmed a gunman at a Nashville, Tennessee, Waffle House. The gunman killed four people in the 2018 attack. Shaw dived toward the bathroom when the shooting started. With no other
About 57 percent of American college students are female. In 2014, 37.5 percent of women ages 25 to 34 had earned a bachelor’s degree, as compared with about 29.5 percent of males of the same age.
Finland’s government, in 2017, began a two-year experiment of giving an additional $635 per month (beyond the recipients’ regular welfare assistance) to a group of 2,000 unemployed Finns. The
Professor Robert E. Lane argued that the person who is motivated by needs for affiliation, rather than by needs for achievement, does less well in the market. Such a person is not rewarded as well as
Norway took only 109 athletes to the 2018 Winter Olympics in South Korea but won 39 medals, 14 of them gold. That performance easily exceeded every other nation’s medal totals, so much so that
Gregg Williams, former defensive coordinator for the New Orleans Saints National Football League (NFL) team, was suspended for one year by the league as punishment for his alleged role in
Swedes pay close attention to work-life balance. In 2017, Per-Erik Muskos, a politician, suggested that Overtornea, his small town in northern Sweden with a dwindling population, should provide paid
We often read that college professors criticize capitalism and support welfare state principles.a. Has that been your experience? Explain.b. If that assessment of college professors is accurate, how
Finland turns out to be the happiest place on Earth, according to a 2019 United Nations global study. The top five countries on the happiness list are European states with strong welfare
Sports columnist Skip Bayless has argued for allowing university sports boosters to bid for the best football recruits: “Boosters should be allowed to entice recruits with whatever they want to
Studies examining privatization performance have generated mixed results, but under the right conditions, privatization can operate in the public interest. Look, for example, at private prisons,
a. Scholars Jacob Hacker and Paul Pierson argue in their book American Amnesia that a strong government is crucial to American economic growth. Do you agree? Explain.b. Hacker and Pierson note that
Businessman Reima Kuisla threatened to leave his homeland in Finland after he was fined about $58,000 for driving at 14 miles over the posted 50 miles per hour speed limit. Kuisla’s steep fine was
Puritan leaders felt concern over the morality of merchants who sold goods at prices exceeding the goods’ “worth.” That concern was particularly grave when the goods were scarce or in great
According to a 2014 Pew Research survey examining opinions about the role of government, younger Americans (Millennials) favor bigger government and more services by a 53 to 38 margin, while older
Sweden aggressively encourages gender equality. Swedish schools strive to eradicate gender stereotypes. At Stockholm’s “Egalia” (equality) preschool, for example, the staff avoids using the
a. Should an American citizen’s primary duty be to herself or himself, or to all other members of society? Explain.b. Should all humans be regarded as of equal value and thus equally worthy of our
a. Interest in privatizing the United States Post Office seems to have grown in recent years. USPS revenue is down about 35 percent in real terms since 2008. USPSemployee pension and health care
Russia’s commodity-based economy has struggled for the past decade as oil and natural gas prices have stalled worldwide, and Western nations have imposed economic sanctions on Russia for its
Despite building successful drug companies while yet in his early 30s, Shkreli’s exploitation of the drug market outraged the public and some members of Congress. In 2015, his company, Turing
In assessing emerging economic trends, technology entrepreneur and academic Vivek Wadhwa asked, “Does China own the future or does the United States?” Answer Wadhwa’s question.
Responding to extreme drought conditions in 2015, California governor Jerry Brown ordered a mandatory 25 percent reduction in water use for most Californians. Commenting on the order, Steve Yuhas, a
Should we sell our struggling postal system to private investors? Should we convert our interstate highway system into tollways, leased or owned by private interests? What about “contracting out”
As we noted in the beginning of this chapter, Americans and especially young people seem to be losing confidence in capitalism. A 2018 poll of Americans between ages 18 and 29 found 45 percent
Since publishing Bowling Alone, Robert Putnam has said we need to develop new kinds of connections when old ones die. Electronic links often are considered part of the problem, but he believes they
America has been shaken by the pandemic, terrorism, the Great Recession, and political gridlock, but we remain dominant in economic, military, and international affairs. The U.S. ranks first in the
At a time when many Americans are questioning the free market because of societal problems like environmental damage and income inequality, Warren Buffett, Berkshire Hathaway CEO, regularly affirms
The following ad appeared in the Stanford Daily (Stanford University): EGG DONOR WANTED $35,000 (PLUS ALL EXPENSES) Ivy League Professor and High-Tech CEO seek one truly exceptional woman who is
The gravestone of the late baseball great Jackie Robinson is inscribed with this advice: “A life is not important except in the impact it has on other lives.” Will your life be meaningful only if
The Economist recently pointed to some of Marx’s criticisms of capitalism:1) Capitalists basically expropriate the wealth of others.2) Capitalism is global by its nature and thus must “nestle

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