Q-1

"Nothing is foolproof because fools are so ingenius"

Here's an interesting question: In 2008 the government "bailed out" many of the top banks so that they would avoid going under. Many are public companies with shareholders.From what have in the Lau text, can the shareholders sue the company (banks) for the devaluation of their stock?Consider that the officers (CEO, COO, president, etc.) made business decisions, such as entering into the subprime mortgage market, that is a primary root of the present economic problem in the United States and the banks.

Q-2

The Occupy Wall Street protesters had many grievances with big corporations when they protested in 2011.One is that the government bailout of the banks also allowed the banks to fulfill their contractual obligations to grant their officers their yearly bonus.Some of the bonuses to certain officers was in the multi-millions of dollars. Discuss the ethical reasons why:

A. The officers should be permitted to collect their bonuses

B. The officers should not be permitted to collect their bonuses.

Q-3

1. What is corporate social responsibility?Explain its obligations.

2. When looking at the arguments that a corporation SHOULD have social responsibility, the Brusseau text neglects to add an additional argument for social responsibility.Do some research on the 2010 U.S. Supreme Court ruling inCitizens United v. Federal Election Commission.From what you discover from the court decision, how does this now argue for even greater social responsibility on the account of corporations?

3. What is the triple bottom line?Discuss each area of sustainability.

4. Why is the fair trade movement a concern?

5. Explain the Stakeholder theory.Who are stakeholders?

6. Discuss Milton Friedman's perspective on corporate social responsibility.Do you agree or disagree?Explain.