case analysis paper
Mary1997
sources_u_can_use.docxBUSINESS, SOCIETY & ETHICS
Sources you can use:
I. Business and Society
1. Dialogue: Why has business gotten a bad reputation?
Readings:
http://www.nytimes.com/2015/05/21/business/dealbook/5-big-banks-to-pay-billions-and-plead-guilty-in-currency-and-interest-rate-cases.html?ref=topics
“Rigging of Foreign Exchange Market Makes Felons of Top Banks”
http://www.propublica.org/article/the-rise-of-corporate-impunity
The Rise of Corporate Impunity
“McDonald’s can’t figure out how its workers survive on minimum wage”
“An Employee Dies and the Company Collects the Insurance”
Stout (book): “Introduction: The Dumbest Idea in the World,” pp. 1-12
“The Rise of Shareholder Value Thinking,” pp. 15-23.
2. CORPORATIONS, SOCIETY & STAKEHOLDERS
Dialogue: Do corporations have a responsibility to society?
Readings:
http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
“The Social Responsibility of Business is to Increase Profits – M. Friedman”
"The case against corporate responsibility"
http://finance.yahoo.com/blogs/daily-ticker/monsanto-controls-government-chris-parker-135253110.html
“How Monsanto Controls the Government “
“Corporations Don’t Have to Maximize Profits”
http://www.nytimes.com/2014/02/03/business/the-middle-class-is-steadily-eroding-just-ask-the-business-world.html?action=click&contentCollection=Dining%20%26%20Wine&module=MostEmailed&version=Full®ion=Marginalia&src=me&pgtype=article
“The Middle Class is Steadily Eroding”
Video – "The Corporation" https://www.youtube.com/watch?v=KMNZXV7jOG0
3. PRIORITIZING STAKEHOLDERS Dialogue: How does business establish priorities among its stakeholders?
Readings:
http://www.nytimes.com/2014/12/07/business/timken-bows-to-investors-and-splits-in-two.html
“How Wall Street Bent Steel”
“Costco CEO Craig Jelinek leads the cheapest, happiest company in the world”
http://fortune.com/2015/05/11/how-dupont-went-to-war/
“How Dupont went to war with activist investor Nelson Peltz”
http://finance.yahoo.com/news/richer-1-more-miserable-141809912.html
“The richer the 1% get, the more miserable you get”
Stout (book): “Hedge funds versus universal investors,” pp. 86-94
Video – “The High Cost of Low Price”
II. YOU as a Stakeholder
1. MAKING ETHICAL DECISIONS: CAPITALISM & VALUES
Dialogue: How does our economic system shape the values that direct
our behaviors and decisions?
Readings:
http://www.washingtonpost.com/opinions/is-capitalism-moral/2013/03/15/a9ed66d4-868b-11e2-999e-5f8e0410cb9d_story.html "Is capitalism moral?" http://m.theatlantic.com/business/archive/2013/06/rip-american-dream-why-its-so-hard-for-the-poor-to-get-ahead-today/276943/
“RIP, American Dream? Why it’s so hard for the poor to get ahead today”
http://content.time.com/time/video/player/0,32068,2178453595001_2136781,00.html
http://www.thedailyshow.com/watch/thu-february-21-2013/steven-brill
Lack of free market in health care- Steven Brill
http://news.columbia.edu/stiglitz
“Nobel Laureate Stiglitz on the price of inequality” http://billmoyers.com/2014/12/30/inequality-american-child/
Inequality and the American Child
http://www.newrepublic.com/article/120092/billionaires-book-review-money-cant-buy-happiness
Extreme Wealth is Bad for Everyone – Especially the Wealthy
Video – TED Talk: The Rise of the New Global Super Rich
http://www.ted.com/talks/chrystia_freeland_the_rise_of_the_new_global_super_rich
Video - TED Talk: How Equal do We Want the World to Be? http://www.ted.com/talks/dan_ariely_how_equal_do_we_want_the_world_to_be_you_d_be_surprised?utm_source=newsletter_daily&utm_campaign=daily&utm_medium=email&utm_content=button__2015-04-08
Video – Damon Horowitz, “We need a “moral operating system” https://www.ted.com/talks/damon_horowitz?language=en Video – Justin Paperny, white-collar criminal & former investment executive, Bear Stearns & UBS http://www.acfe.com/vid.aspx?id=4294975514
2. MAKING ETHICAL DECISIONS: PERSONAL PRINCIPLES Dialogue: What are some guidelines for “doing the right thing” in the business?
Readings:
http://www.givingvoicetovaluesthebook.com/excerpt/
“Giving voice to values – excerpt”
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?pagewanted=all "Why I am leaving Goldman Sachs" http://www.huffingtonpost.com/robert-reich/greg-smith-goldman-sachs_b_1354345.html "Why Greg Smith's critique is way too narrow
http://dealbook.nytimes.com/2013/07/15/on-wall-st-a-culture-of-greed-wont-let-go/?ref=business
“On Wall Street a culture of greed won’t let go”
http://billmoyers.com/2013/08/27/a-plutocracy-ruled-by-self-centered-jerks/
“A Plutocracy Ruled by Self-Centered Jerks?”
Stout (book): “Making room for shareholder conscience,” pp. 95-102
Video – Justin Paperny, white-collar criminal & former investment executive, Bear Stearns & UBS http://www.acfe.com/vid.aspx?id=4294975514
3. WHY GOOD PEOPLE DO BAD STUFF Dialogue: Is "doing the right thing" possible in the business?
Readings:
http://www.npr.org/2012/05/01/151764534/psychology-of-fraud-why-good-people-do-bad-things
“Psychology of fraud: Why good people do bad things”
http://www.businessinsider.com/27-psychological-reasons-why-good-people-do-bad-things-2012-8?op=1 “27 psychological reasons why good people do bad things”
https://hbr.org/2012/10/when-good-people-work-for-bad/
"When good people work for bad companies"
https://hbr.org/2010/03/managing-yourself-keeping-your-colleagues-honest
“Managing yourself – Keeping your colleagues honest”
Video – “The Psychology of Evil”
https://www.ted.com/talks/philip_zimbardo_on_the_psychology_of_evil
III. Internal & External Stakeholders
1. THE OWNER AS A STAKEHOLDER Dialogue: Can we govern corporations better?
Readings:
http://www.businessinsider.com/larry-fink-letter-to-ceos-2015-4
“Blackrock CEO’s letter to corporate CEOs” http://dealbook.blogs.nytimes.com/2010/07/26/study-boards-use-peers-to-inflate-executive-pay/?scp=6&sq=corporate%20governance&st=cse "Study: Boards use peers to inflate executive pay" http://www.nytimes.com/2012/04/08/business/in-chief-executives-pay-a-rich-game-of-thrones.html?_r=1&hp "In chief executives' pay, a rich game of thrones"
http://go.bloomberg.com/multimedia/ceo-pay-ratio/
"Top CEO pay ratios"
“Raising the Minimum Wage Helps Businesses Make More Money”
Stout (book): “Short-term speculators versus long-term investors,” pp. 63-73
Video – "Enron: The Smartest Guys in the Room" https://www.youtube.com/watch?v=pRWXW87YrlM
2. THE EMPLOYEE AS A STAKEHOLDER Dialogue: Should corporations be expected to respect their employees?
Readings:
“The case against racial colorblindness in the workplace”
“Fast food in Denmark serves something atypical: Living Wages” http://www.theguardian.com/world/2014/dec/21/life-inside-america-food-processing-plants-cheap-meat
“I felt like a piece of trash – Life inside America’s food processing plants” http://www.theatlantic.com/magazine/archive/2012/07/why-women-still-can-8217-t-have-it-all/9020/ "Why women still can't have it all"
Video: “Working the Good Life (at SAS Institute)” http://www.youtube.com/watch?v=N-ebIGpZIWI http://www.youtube.com/watch?v=9SCxJTmS1Eo
3. THE GOVERNMENT AS A STAKEHOLDER
Dialogue: What should be the government’s role in innovating, regulating, taxing, protecting, and promoting business and citizen welfare?
Readings:
[Optional] http://www.propublica.org/article/carmen-segarras-secret-recordings-from-inside-new-york-fed
“Inside the New York Fed: Secret Recordings and a Culture Clash”
http://www.thenation.com/article/197561/these-hires-congress-becomes-even-more-corporation
“With These Hires, Congress Becomes Even More Like a Corporation”
“Fast-Food Wages Come With a $7 Billion Side of Public Assistance” epidemic”
“We are Spending $153 Billion a Year to Subsidize McDonalds and Walmart’s Low Wage Workers”
Video: “The Trouble With Chicken” http://www.pbs.org/wgbh/pages/frontline/trouble-with-chicken/
Video: “Inside Job”
4. THE CONSUMER AS A STAKEHOLDER Dialogue: What does business owe consumers, and what do consumers owe business?
Readings: http://www.nytimes.com/2013/02/24/magazine/the-extraordinary-science-of-junk-food.html?src=me&ref=general&_r=0 “The extraordinary science of addictive junk food”
“In major blow to consumers, Supreme Court protects mega-corporations from liability” http://fortune.com/2015/02/13/beef-cattle-growth-drug-safety-merck/
“Big Beef keeps getting bigger, thanks to growth drugs with unclear safety records”
http://www.thenation.com/article/174082/you-are-guinea-pig
“You are a guinea pig”
http://america.aljazeera.com/opinions/2014/5/junk-food-targetmarketingblacklatinoyouth.html “Junk food industry’s shameful targeting of black and Latino youth”
Video - “Food, Inc.” http://www.foodincmovie.com/
5. THE COMMUNITY AS A STAKEHOLDER Dialogue: What should be the relationship between businesses and the communities in which they exist?
Readings:
"As gas drilling spreads, towns stand ground over control" http://www.triplepundit.com/2015/03/5-companies-corporate-philanthropy-right/ 5 Companies Doing Corporate Philanthropy Right
http://www.aaup.org/article/when-billionaires-become-educational-experts#.VW3KYWB5-S0
“When Billionaires Become Educational Experts”
“WHO: Governments should regulate fat food to slow obesity
Video – “Gasland,” https://www.youtube.com/watch?v=6mp4ELXKv-w “Shale Gas Drilling: Pros and Cons” http://www.cbsnews.com/video/watch/?id=7054210n “The Sky is Pink” http://vimeo.com/44367635
6. THE NATURAL ENVIRONMENT AS A STAKEHOLDER
Dialogue: How do corporations contribute to and how can they help mitigate environmental degradation?
Readings: http://www.nytimes.com/2010/04/11/magazine/11Economy-t.html?hp "Building a green economy" https://hbr.org/2011/10/the-sustainable-economy
"The sustainable economy"
http://www.guardian.co.uk/environment/georgemonbiot/2013/apr/12/escalating-consumption
“Let’s stop hiding behind recycling and be honest about consumption”
“If You Think the Water Crisis Can't Get Worse, Wait Until the Aquifers Are Drained”
“Where have all the Cod Gone?”
https://www.hcn.org/issues/47.1/should-nature-have-standing-to-sue
“Should Nature Have Standing to Sue?”
Video – “Ending the Silence on Climate Change” http://billmoyers.com/episode/full-show-ending-the-silence-on-climate-change/
Video – “Simple and smart way to fix climate change” http://tedxtalks.ted.com/video/A-simple-and-smart-way-to-fix-c
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