This is a Discussion Question from my MGMT-533 course. The book is Business: Its Legal, Ethical, and Global Environment.I would like to get you're opinion on a topic. No right or wrong answer, just legal, ethical debate, using ethical theory and law.

Former Governor J. Fife Symington of Arizona was, during the 1980s, a director of Southwest Savings & Loan, a federal thrift headquartered in Phoenix. Mr. Symington was also a developer who constructed two major commercial projects in Phoenix, with Southwest Savings & Loan providing the loans for development. Southwest was a victim of the 1980s downturn and was taken over by the Resolution Trust Corporation (RTC). The RTC brought suit against Mr. Symington, alleging that he took advantage of his board position to obtain the loans. Mr. Symington said he was required to present the projects to the Southwest Board as part of the corporate opportunity doctrine and Southwest took the investment.

Who is correct?

Jennings, Marianne M. (2014-01-01). Business: Its Legal, Ethical, and Global Environment (Page 623). South-Western College Pub. Kindle Edition.