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Business Society and Management

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Trials * Enron was one of the worst companies who lied about everything * Employees had 70% of their

Martha Stewart
A sign of a new era in chapter 7 textbook. We are not going to be putting up with things now.

IBM, chapter 8, p. * Why did ibm not have any women managers?
Tradition of the corp was: Fired all the men and hired all women IBM isn t much better than any other company with regard to women. * Issue: whether or not we practice the ethics we learned: treat others how we want to be treated; do unto others as you would * Businesses are requiring a group of laws that state we are treat everyone equal. * The govt , the courts, are putting business people in jail who are practicing unethical behavior.
Bernie Everrs (spelling): Do people like Bernie type people to get away with it? Yes
Bernie went to jail.
US Steel – CEO paid for people to take corporate jet places whereas people were asked to take a freeze for the next couple of years because they are running low on cash. The members were told they needed to take cuts while the CEO was taking trips etc. and living large at the expense of its employees Test Question: At least one on the ethical construct of business.
First cut forest of PA a hundred years ago clear cut trees. President Taft passed law for Federal Forests. The company that cut all the wood and did not leave anything were unethical. In 100 years we now have more forests than we had even 100 years prior.
An ethical behavior is about what would be good for everyone a hundred years ago. FDR, Gifford Pinot, and president Taft helped to pass laws protecting forests.
Gifford Pinot started the Liquor control Board (LCB).
PA is one of the biggest producers of wood. If you look for govt interaction we often think of it as not being very effective. There is times where it works for the business community and society.
Complex Questions:
Have any of you drank raw milk (unpasteurized)? 100 yrs ago pasteurization became popular because you did not get sick as often; govt said you have to drink pasteurized milk.
The folks who want to drink raw milk are angry, because they see it as the govt trying to make everyone drink pasteurized. Is it ethical to have the govt tell you how to drink milk?
PA are one of the biggest producers of milk.
Energy:
* Do we want arab oil? * Do we want Marcellis Shale who may taint the water? * IKEA: geothermal pump to heat and cool their buildings who want the govt to say this is a preferred method.; b/c IKEA thinks it is their ethical duty to * IKEA wants the govt to do it in everywhere: house, city block, but the cost of investment is that it takes 10-20 years to pay it back to be cost effective; it does not create the carbon footprint like oil and gas. * When should the govt intervene? When is it appropriate for govt intervention?
A corp can do almost anything they want to do with employment law, except in…………………………………. Value added citizens: you can be more than …. In our papers. IDEA: studies show heavy drinkers out live teatakers, but moderate drinkers out live everyone. Is it too much govt intervention to have the govt state it is ok to drink in moderation but not to drink heavily. At some point, govt regulates alcohol and drugs. Up to 2 or 3 drinks a day is not bad for you, it is actually good for you,. Feeding of the World Discussion: Do we have the duty to feed the hungry in America? All over the world? It used to take 80% of farmers to feed America, but now it only takes 2% to feed the country. We grow enough food to feed all of the people in America. Food donor Bank act produces millions of pounds of food a year but there has to be more we can do to help prevent hunger in America and in the world. The problems with feeding the world: the north Koreans are starving because the poilitical forces will not allow its people be fed: Il Kil Jim prevents others from its people. The old JP MORGAN was business unethical but the new JP Morgan donates $5 million to the hunger. Kraft is the leading feed the world. There are companies that are really trying to make this ago. The largest number of people growing hungry are the elder. PA provides benefits that no other place does because of the state lottery. Ethical duty to feed the hungry? It is one of those issues we can agree on. Now how do we do it? * Corn is in short supply because it is being used for ethanol for fuel * Do we each donate a couple of dollars ? JFK: onJanuary 20, 1960 “Ask not what your country can do for you, but what you can do for your country. “ Issues in the Course: 25 % of the grade is your one pagers and a positive to anyone who turns them in. You stand to get an A or B if you simply turn stuff in.…...

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