BUSINESS ETHICS Directions: Work with a partner and read each of the following scenarios. Then answer the questions that follow each scenario to determine whether the individuals acted ethically. Scenario 1 Henry owns a large tract of land in the northern part of the state. For several years, there has been informal talk among lawmakers and developers about developing a new Interstate highway that would run right through Henry's land. However, Henry has heard nothing about this. The land has been in his family for over 50 years. He plans to retire there in three years and build a new home for him and his wife. Jamie, a major developer in the state, is aware of the possibility of the new Interstate highway. He knows that Henry's land could be very important to the project if it moves forward. The land owner could make a substantial profit. Jamie decides that he will meet with Henry and offer to buy his land. He plans to offer Henry about half of what the land will sell for if the Interstate project develops. He does not plan to tell Henry about the possibility of the proposed Interstate project. Discussion Questions 1. What are the major ethical issues involved in this case? 2. Is Jamie acting ethically? Explain your answer. 3. Does Henry have a right to know about the possibility of the Interstate project? Explain your answer. 4. What would you do if you were a land developer who was interested in purchasing Henry's land?