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• List of Case Studies
• Preface
• Acknowledgments
• About the Author
• Ethical Decision-Making Framework
• PART I •THEORIES AND PRINCIPLES
• Chapter 1 •Why Capitalism?
• What Is Capitalism?
• Property Rights
• Free and Open Market
• Archetypes of Capitalism
• State-Guided Capitalism
• Oligarchic Capitalism
• Big-Firm Capitalism
• Entrepreneurial Capitalism
• Comparing the Archetypes
• Capitalism and Its Critics
• Capitalist Excesses
• Capitalism and Income Inequality
• Government Institutions and Market Failures
• Moral Culture and Modern Managers
• Conclusion
• Key Terms
• Review Questions
• Discussion Questions
• Chapter 2 •Corporate Moral Agency, Purpose, and Responsibilities
• The Corporation and the Triumph of Corporate Rights
• Corporate Moral Agency
• Corporate Purpose
• The Property Model
• The Social Entity Model
• Limitations of the Models
• The Modified Entity Model
• Corporate Accountability and Economic Mission
• A Decision-Making Framework
• Conclusion
• Key Terms
• Review Questions
• Discussion Questions
• Chapter 3 •Ethics and Corporate Social Responsibility
• Plato, Aristotle, and Virtue Ethics
• Consequences and Utilitarianism
• Ethics as Duty
• Natural Rights
• Synthesis and Application
• Scope of Corporate Social Responsibility
• Conclusion
• Key Terms
• Review Questions
• Discussion Questions
• PART II •PERSONAL INTEGRITY IN THE WORKPLACE
• Chapter 4 •The Person and the Corporation
• An Overview of the Cases
• CASE STUDY 4.1: Trouble in the Recruiting Office
• CASE STUDY 4.2: Conscience and the Workplace
• CASE STUDY 4.3: Karen Preston’s New Boss
• CASE STUDY 4.4: Confessions of an Appliance Salesman
• CASE STUDY 4.5: The “Perfect” Job Offer
• CASE STUDY 4.6: The Product Manager
• CASE STUDY 4.7: Telling the Truth about the Probable Sale of a Division
• CASE STUDY 4.8: Should an Engineer Inform the FAA about a Defective Fuselage Design?
• CASE STUDY 4.9: Who’s Responsible?
• Conclusion
• Review Questions
• Discussion Questions
• Appendix: How to Analyze a Case
• PART III •CORPORATE VALUES AND RESPONSIBILITIES
• Chapter 5 •The Rights of the Modern Corporation
• An Overview of the Cases
• CASE STUDY 5.1: Citizens United v. Federal Election Commission
• Citizens United
• Citizens United at the Supreme Court
• Reactions to the Decision
• CASE STUDY 5.2: The Hobby Lobby Case
• Hobby Lobby Inc.
• The Patient Protection and Affordable Care Act
• Hobby Lobby and Religious Freedom
• The Supreme Court Decision
• The Dissent
• Ramifications of Hobby Lobby
• Conclusion
• Review Questions
• Discussion Questions
• Chapter 6 •Ethics in the Investment and Financial Services Industries
• An Overview of the Cases
• Briefing on Insider Trading
• Classical Theory of Insider Trading
• Misappropriation Theory of Insider Trading
• CASE STUDY 6.1: Texas Gulf Sulphur
• CASE STUDY 6.2: All in the Family: The Stewart Insider Trading Case
• CASE STUDY 6.3: Manipulating the LIBOR
• Barclays and the Banking Industry
• What Is LIBOR?
• Barclays and the LIBOR
• Penalties and Reforms
• CASE STUDY 6.4: Fraud or Shrewd Business? The Case of Goldman Sachs
• Goldman Sachs: A Brief History
• Subprime Mortgages, CDOs, and Credit Swaps
• Goldman Sachs and Paulson
• The SEC Complaint and Goldman’s Settlement
• CASE STUDY 6.5: The Wells Fargo Sales Scam
• Wells Fargo & Co.
• The CEO and Board of Directors
• Community Banking
• Culture and Sales Ethos
• Cross-Selling
• The Sales Scam
• Corporate Reaction
• The Fallout and the Future
• Conclusion
• Key Terms
• Review Question
• Discussion Questions
• Chapter 7 •Patients, Patents, and the Pharmaceutical Industry
• An Overview of the Cases
• A Note on Patents and Intellectual Property Rights
• What Is Intellectual Property?
• Legal Protection
• Normative Justifications
• Summation
• Briefing on Big Pharma and Industry Regulations
• Big Pharma: The Major Players
• Origins of the U.S. Drug Industry
• Regulating a Growth Industry
• Internal Growth Followed by Industry Consolidation
• The Road Ahead: Challenges and Controversies
• CASE STUDY 7.1: The New Economics of Drug Pricing: Valeant Pharmaceuticals International
• Valeant Pharmaceuticals International
• The Valeant Business Model
• A Deal with Marathon Pharmaceuticals LLC
• The Philidor Connection
• Valeant’s Defense
• Turing Pharmaceutical Joins the Fray
• Working toward Resolution
• CASE STUDY 7.2: Big Pharma Confronts AIDS
• The AIDS Epidemic
• HIV/AIDS in Africa
• Big Pharma Responds
• CASE STUDY 7.3: Myriad Genetics: Patenting the Genome
• Myriad Genetics
• Genes and DNA: An Overview
• The Myriad Genetics Patents
• The Case against Gene Patents
• The Case for Gene Patents
• The Supreme Court Decides
• Conclusion
• Key Terms
• Review Questions
• Discussion Questions
• Chapter 8 •Protecting the Consumer: Product Safety and Marketing
• An Overview of the Cases
• Briefing: Spotlight on the Tobacco Industry
• Industry Origins and Growth
• Health and Safety Issues
• The Tobacco Industry’s Strategic Response: A Search for New Markets
• Current Industry Structure and Strategy
• Epilogue
• CASE STUDY 8.1: Plain Packaging and the Ongoing Trials of Big Tobacco
• Briefing on Safety and the U.S. Automotive Industry
• The U.S. Automotive Industry
• Industry Indifference: “Safety Doesn’t Sell”
• The Safety Crusade Begins
• “Driverless Cars” and the Future of Automotive Safety
• CASE STUDY 8.2: The Chevy Cobalt Ignition Switch Crisis
• The Chevy Cobalt and General Motors
• Choosing an Ignition Switch for the Cobalt
• Cobalt’s Fatal Accidents
• The Recall and Settlement
• CASE STUDY 8.3: Takata’s Airbag: Unsafe in Any Car?
• Takata AG
• Airbag Technology and the Airbag Industry
• The Takata Recalls
• Manipulating the Test Data
• Postscript
• CASE STUDY 8.4: The Samsung Recall: A Galaxy of Troubles
• Samsung Electronics
• The Galaxy Smartphone Series
• Exploding Batteries
• Testing Batteries and Diagnosing the Problem
• Restoring the Samsung Brand
• Conclusion
• Review Questions
• Discussion Questions
• PART IV •GLOBAL CAPITALISM, CULTURE, AND JUSTICE
• Chapter 9 •Business and the Environment
• An Overview of the Cases
• CASE STUDY 9.1: Poisoned Land: The Tragic History of Love Canal
• Developing Love Canal
• Hooker Chemical Corporation
• Love Canal Site Purchased by Niagara Falls School Board
• Hooker’s Moral and Legal Liability
• Postscript
• CASE STUDY 9.2: Deepwater Horizon: BP on the Edge
• BP: A Short History
• Macondo
• The Deepwater Horizon Explosion
• The Causes of the Deepwater Blowout
• Environmental and Economic Effects of the Oil Spill
• The Aftermath: BP on Trial
• CASE STUDY 9.3: Volkswagen’s Dieselgate
• Company History
• The Diesel Engine and the Emissions Scandal
• Exposing “Clean Diesel”
• The Volkswagen Culture
• Fines and Criminal Prosecutions
• CASE STUDY 9.4: Chevron in the Amazon: Anatomy of Environmental Degradation and Its Aftermath
• Texaco in Ecuador
• Environmental Degradation
• Lawsuits and Reparations
• Conclusion
• Key Terms
• Review Question
• Discussion Questions
• Chapter 10 •Informational Privacy and Cybersecurity
• An Overview of the Cases
• Briefing on Privacy Rights and Security
• What Is Privacy?
• The Right to Privacy
• Privacy and Security
• CASE STUDY 10.1: Data Breaches at Yahoo
• The Rise and Fall of Yahoo
• Security at Google and Yahoo
• The 2014 Data Breach
• A New Yahoo Breach Startles Users
• Verizon and Yahoo
• CASE STUDY 10.2: Going Dark: Apple versus the FBI
• From Apple Computer to Apple Inc.
• What Is Encryption?
• Going Dark: Apple Takes on the FBI
• Ethical Questions: Security versus Privacy
• Postscript
• Conclusion
• Key Terms
• Review Question
• Discussion Questions
• Chapter 11 •Fair Competition in the Era of Informational Capitalism
• An Overview of the Cases
• CASE STUDY 11.1: Microsoft Accused: The Browser Wars and the Antitrust Case
• The Microsoft Corporation
• The Browser Wars
• The Antitrust Trial Begins
• The Government’s Case against Microsoft
• Exclusionary Deals and Tying
• Microsoft’s Defense
• The Outcome
• CASE STUDY 11.2: Challenging the Google Monopoly
• Google’s History
• Advertising and Ad Auctions
• Google, the FTC, and the European Union
• The EU Fines Google
• Conclusion
• Key Terms
• Review Question
• Discussion Questions
• Chapter 12 •Employee Rights and Sexual Harassment
• An Overview of the Cases
• Briefing on Duties to Employees
• Employment-at-Will and Job Security
• Employee Rights
• Sexual Harassment
• CASE STUDY 12.1: Sexual Harassment or Imprudence?
• CASE STUDY 12.2: Voluntary Redundancies at PSA Group
• Company History
• Restructuring and Layoffs
• French Labor Reform
• CASE STUDY 12.3: GPS Monitoring and Employee Privacy Rights: Excerpts from Cunningham v. New York State Department of Labor
• Summary and Appeals Court Decision
• Conclusion
• Key Terms
• Review Question
• Discussion Questions
• PART V •GLOBALIZATION AND CORPORATE RESPONSIBILITY
• Chapter 13 •Global Politics and Disinvestment Strategies
• An Overview of the Cases
• Briefing on the History and Challenges of Globalization
• Globalization: A Brief History
• Challenges for Multinationals
• Summation
• CASE STUDY 13.1: ITT in Chile: Corporate Executives and Marxist Presidents
• The Rise of ITT
• Early Ethical Controversies
• ITT and Allende’s Chile
• Expropriation
• Aftermath
• CASE STUDY 13.2: Rubber at Any Price: Firestone and the African Strongman
• Firestone Tire and Rubber
• Firestone in Liberia
• Charles Taylor and Liberia’s Civil War
• Firestone’s Bargain with Taylor
• Firestone Responds
• Conclusion
• Key Terms
• Review Question
• Discussion Questions
• Chapter 14 •Bribery and Corruption in Foreign Markets
• An Overview of the Cases
• Briefing on Bribery and the U.S. Foreign Corrupt Practices Act
• International Corruption and Bribery: A Perennial Problem
• Bribing Foreign Officials
• The Foreign Corrupt Practices Act
• Bribery Never Ends
• CASE STUDY 14.1: GlaxoSmithKline in China
• GlaxoSmithKline
• China and Bribes to Chinese Doctors
• The Relevant Laws
• China’s Health Care System
• GSK Convicted of Bribery
• CASE STUDY 14.2: Seeds of Scandal at Monsanto
• Monsanto’s History
• Monsanto and GMOs
• The Bribery Scandal
• Aftermath
• CASE STUDY 14.3: The Resource Curse and Equatorial Guinea
• ExxonMobil in Equatorial Guinea
• Postscript
• Conclusion
• Key Terms
• Review Question
• Discussion Questions
• Chapter 15 •Responsible Outsourcing: Fair Wages and Worker Safety
• An Overview of the Cases
• CASE STUDY 15.1: Worker Abuses in the Supply Chain: The Disturbing Case of Apple in China
• From Apple Computer to Apple Inc.
• Production and Manufacturing
• Apple and Foxconn
• Apple and Pegatron
• Postscript
• CASE STUDY 15.2: Sweatshops and Deathtraps: The Garment Industry in Bangladesh
• The Country and Economy of Bangladesh
• Working Conditions in the Clothing Industry
• The Tazreen Factory Fire
• The Rana Plaza Building Collapse
• Retailers and Clothing Companies Respond
• Postscript
• Conclusion
• Review Question
• Discussion Questions
• Glossary
• Notes
• Selected Bibliography
• Index