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A consultant, securities broker, and investment adviser living near Philadelphia. James E. Gansman
Senior partner and an attorney in the New York office of Ernst & Young. His job was to advise client companies about the cost of paying severance and other compensation to executives of firms they targeted for take overs. Richard Hansen
Director of investment banking firm who met Donna through Ashley Madison website. The firm hired Donna and Hansen was her supervisor. "Oh WHAT A TANGLED WEB WE WEAVE, WHEN FIRST WE PRACTICE TO DECEIVE"
TANGLED WEBS Noel Birdman
Founder of Ashley Madison Gerald L. Brodsky
Donna's father who was previously convicted of security fraud Ashley Madison. Com is a social networking site that connects people who are seeking extramarital affairs.
Capitalizes on peoples hardships
The site flourished during periods of economic hardship when couples were faced with added financial problems and divorce is less of an option
In 2008 it received a member every 20 seconds
The fastest growth came in female newlyweds define by the site as females members married less than 3 years. Ashley Madison. Com Ethical issues Lying
Insider Trading Lying
An intentionally deceptive message in the form of a statement
A lie takes power from others
It allows the person speaking an untruth to manipulate another by with holding information
It deprives the person of the ability to make informed choices
Lies harm others by causing them to act against their interest.
Small lies can turn into big lies Gansman tried to impress Murdoch and started providing her with insider information.
Blackstone Group planned to acquire Freescale
Gansman told Murdoch and she began trading in Freescale
Murodoch made a profit of $158,970
Murdoch met Hansen on Ashley Madison.com
Murdoch was hired by the firm Hansen worked at and now Murdoch became her supervisor
She never told either man about each other
Murdoch tipped Hansen about the acquisition
Hansen made a profit of $45,820
Murdoch tipped her father, Gerald L. Brodsky
Brodsky had a past conviction of securities fraud
He pled guilty to one criminal count of defrauding shareholders.
Sentence to a year and a day in prison and had to pay $1,318,864 in restitution
Brodsky asked an old friend to buy 370 Sept $35 call options when he got tipped by Murdoch
Brodsky made a profit of $63,400 Background What led our characters down this path..... Moral Justification Euphemistic Labeling Advantageous Comparison Process of framing harmful or morally wrong acts to be in the service of a greater good. The practice of using pleasant language to rename harmful or morally wrong acts to make them appear more benign. This mechanism uses the contrast between a behavior and an even more reprehensible behavior to make the former seem innocuous. Distortion of consequences this mechanism involves minimizing ignoring or distorting the seriousness of ones actions. Attribution of Blame- assigning responsibility for one's actions to the victims themselves.
"Life leads them there not our website" N. Birdman Diffusion of responsibility- dispersing responsibility for one's action across members of a group or attributing blame for ones actions to the systems in which one finds oneself. The ethical decision making process internal and external pressures External Factors Organization Factors Opportunity Avid Life Media Inc Market Environment Primary Impact Sociopolitical environment Low impact Business Society requires that we protect the rights granted to everyone. Decision makers must consider rights of everyone.
The people involved looked only to protect their own interests, not considering the effect on others. IDENTIFYING ETHICAL BELIEFS Rights Ethic IDENTIFYING ETHICAL BELIEFS
MORAL VIRTUE IS A RESULT OF HABIT, REPEATED CORRECT CHOICES
The players demonstrated un-virtuous behavior. They repeated unethical behavior and the bad choices they made came naturally to them. VIRTUE ETHIC IDENTIFYING ETHICAL BELIEFS
THE INTUITION ETHICS
WE INTUITIVELY KNOW RIGHT AND WRONG. PROPER ETHICAL DECISIONS BASED ON EMOTIONAL REACTIONS
The characters intuition did not lead them to the right ethical decisions. INTUITION ETHICS IDENTIFYING ETHICAL BELIEFS
HOW DOES IT FEEL TO EXPLAIN THIS ETHICAL DECISION TO A WIDE AUDIENCE? CAN I TEACH THIS TO AN AUDIENCE
None of the individuals in the case would have been comfortable sharing their actions with a wide audience. In other words, if the issue can’t be taught to your kids, then don’t do it. DISCLOSURE RULE Everyone has a right to freedom of action unless it deprives others of freedom.
Gansman and Murdoch created an information asymmetry used for their own benefit and to the detriment of the others. IDENTIFYING ETHICAL BELIEFS Principle of Equal Freedom IDENTIFYING ETHICAL BELIEFS
DO UNTO OTHERS AS THEY DO UNTO YOU
None of the characters believed in this concept. The founder of the website did not like the idea of being cheated on but created a website to make it easy for others to cheat. GOLDEN RULE IDENTIFYING ETHICAL BELIEFS
CAN THIS ACT BE TURNED INTO A UNIVERSAL LAW OF BEHAVIOR?
The founder of Ashley Madison thought the premise of the website can be turned in to a universal law of behavior for the target market of adulterers. CATEGORICAL IMPERATIVE IDENTIFYING ETHICAL BELIEFS
DOING SOMETHING WRONG TO GET A POSITIVE RESULT
All individuals were looking to enrich themselves and their families. ENDS JUSTIFIES THE MEANS THE TANGLED WEBS CHARACTERIZATION OF THE CASE TYPE
EVALUATION? IDENTIFYING ETHICAL BELIEFS
MORAL VIRTUE IS A RESULT OF HABIT, REPEATED CORRECT CHOICES
This is reflective of the habits and characters in this case. None of them show they are used to do repeatedly doing the right thing. VIRTUE ETHIC CONVENTIONALIST ETHICS IDENTIFYING ETHICAL BELIEFS
NO LAWS ARE BROKEN.
RIGHT OR WRONG IS RELATIVE TO THE CULTURE
The website was a catalyst to promote unethical behavior. UTILITARIAN ETHICS IDENTIFYING ETHICAL BELIEFS
ACTIONS LEADING TO GREATEST HAPPINESS ARE RIGHT.
The players here only looked to create the greatest good for themselves, not for the majority. And the Spiders are... Moral Unity Theory Business actions must be judged by the general ethical standards of society Market Capitalism Model