Question
Ethical issues that require a run through the guide are usually subtle rather than blatant, or a decision that falls into the gray zone. An
Ethical issues that require a run through the guide are usually subtle rather than blatant, or a decision that falls into the gray zone. An example took place a while back when General Motors (GM) and Ford offered to buy out the pensions of 140,000 employees, meaning that workers were offered a lump-sum payout instead of monthly payments for the rest of their lives. For example, an employee with 40 years of service might be offered $500,000, and then receive no more pension money from the company. Employees who refused the buyout would find their plan shifted to a private financial services firm. The ethics of this pension buyout plan might fall into the gray zone because the workers who accept the offer are receiving a large sum of money.If these same workers die early, their beneficiaries will have profited handsomely. Also, the financial services firm would still provide them with at least a limited pension. Yet, most workers who accept the buyout will receive much less money than if they received monthly payments for the rest of their life.
Required
Consider the above case and walk through the "Guidelines for Evaluating the Ethics of a Decision" ( I provided below). Please answer each question from the "Guidelines for Evaluating the Ethics of a Decision" using the information of the above case. Please provide each answer with little explanation.
Guidelines for Evaluating the Ethics of a Decision
The Center for Business Ethics at Bentley College has developed six questions to evaluate the ethics of a specific decision: 1. Is it right? 2. Is it fair? 3. Who gets hurt? 4. Would you be comfortable if the details of your decision or actions were made public in the media or through email? 5. What would you tell your child, sibling, or young relative to do? 6. How does it smell? Ethical issues that require a run through the guidelines are usually subtle rather than blatant or an issue that falls into the gray zone.
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