Kenyan Way
Worldcom appears to be an ethically challenge company. The ethical consideration involved in the company decision to loan executives’ money to cover margin calls on their purchases of shares of company stock is a clear case of conflict of interest. Conflict of interest is morally wrong and will cause harm to the stockholders and stakeholders and therefore be an injustice towards them.
The main business ethical issue in the Worldcom case was the false reports and the idea that issues were held "secret" from the investors. It is morally wrong to withhold information from someone, especially someone who is investing so much money into something.
The stockholders and the public were not privy to this decision to loan executives’ money; this can be seen as unjust as they omitted the truth from the people whose money they were risking. The rights approach is applicable; the individual right to choose for himself or herself, that is to choose freely what they will do with their lives (their investment). It is a violation of human dignity to use people in ways they do not freely choose
The stockholders and stakeholders have the right to the truth – the right to be told the truth and to be informed about matters that significantly their choices. Also the stockholders and stakeholders have the right not to be injured. The stockholders and stakeholders were injured by this action and were not freely and knowingly choose to risk such injuries. This ultimately brings into focus the right to the
The main business ethical issue in the Worldcom case was the false reports and the idea that issues were held "secret" from the investors. It is morally wrong to withhold information from someone, especially someone who is investing so much money into something.
The stockholders and the public were not privy to this decision to loan executives’ money; this can be seen as unjust as they omitted the truth from the people whose money they were risking. The rights approach is applicable; the individual right to choose for himself or herself, that is to choose freely what they will do with their lives (their investment). It is a violation of human dignity to use people in ways they do not freely choose
The stockholders and stakeholders have the right to the truth – the right to be told the truth and to be informed about matters that significantly their choices. Also the stockholders and stakeholders have the right not to be injured. The stockholders and stakeholders were injured by this action and were not freely and knowingly choose to risk such injuries. This ultimately brings into focus the right to the