Question
You are the CEO of Gold Fever, Inc., a company with approximately 100,000 shareholders.Gold Fever, Inc. is a large U.S. corporation that specializes in mining
You are the CEO of Gold Fever, Inc., a company with approximately 100,000 shareholders.Gold Fever, Inc. is a large U.S. corporation that specializes in mining for gold.Gold Fever's mission statement states "Gold Fever will use all legal methods to extract as much as gold as possible for our investors."Until today, Gold Fever has only mined for gold in the United States.However, Jango Machop, the President of Pidgeot, a small South American country, recently approached Gold Fever with a business proposition.President Machop offered to give Gold Fever the exclusive rights to mine for gold in the Pidgeot rainforest.President Machop explained that his country is very poor and thousands of Pidgeot citizens are in need of work.In exchange for the rights to mine for gold in Pidgeot, Gold Fever would need to agree to give 50% of its profits to the Pidgeot government.In addition, Gold Fever would need to employ at least 1000 Pidgeot citizens.You are excited about the opportunity because this agreement would likely mean that Gold Fever would earn an extra 100 million dollars a year.The only downside is that the gold mining process would have a devastating impact on the Pidgeot rainforest.In order to extract the gold, Gold Fever would need to cut down the trees in the rainforest and use a powerful stream of water to wash all of the gold-rich dirt into a gold refining machine.Because this process is so damaging to the environment, it was outlawed fifty years ago in the United States.The mining process is perfectly legal in Pidgeot.Using theethical decision making process outlined in class, discuss whether it would be ethical for Gold Fever to take advantage of this business opportunity and decide what you would do.
The Ethical Decision Making Guideline is
- Identify the ethical issues
- Identify 3 options or alternatives that deal with the ethical issues identified above
- Identify three key stakeholders who will be affected by the decision and identify benefits and consequences of each alternative for each stakeholder.
4)Discuss the alternatives and whether it violates criminal statute or civil liability.
5)Analyze the Dilemma under a Utilitarianism perspective and under a Deontological perspective.
6)State your Decision with a brief statement why you chose that option.
You don't have to follow all these steps but I had a hard time coming up with a adequate answer. Anything helps! Thank you!
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