Insider Trading

I was reading about Dallas Mavericks owner Mark Cuban who has been indicted for insider trading. He was given privaledged information from a company and they told him that there would be company losses. He sold all his stocks in order to protect 750,000 dollars. He is a multi BILLIONAIRE so why would he risk jail time to save a quarter million in losses. It seems he would have a lot more to lose other ways.

Business Social Responibility

Many businesses take the the narrow view of ethics and focus on profit maximization instead of social responsibility. I believe many business would be better off if they did the oppisite. I know the point of business is to make money but i believe if you run a responible business then the money will follow. If they focused on the product and how it could help the country, then people will eventually come around and buy it. I know that many business have many bills to payoff so they need money to be coming in right away. I wish that companies that are trying to improve a part of life while being responsible ethically should get more time to make a profit before being put out of business. If a business strive to clean up the earth by recycling or what not they should be the ones making all the money but there isnt any money in burning trash there is only spending to get done to be had. I just wish more companies would try to improve our earth instead of slowly destroying it while they collect fat checks.

Amoral Business

Reading about the myth of amoral business had my attention from the start. I believe it isnt a myth but an actual way doing business. There are many companies in the world that over look what is right ethically and do what makes more of a profit. This section can also tie into the case about dumping. The dumping of unused or banned products in oversea countries is highly unethical but if a company can sell a product in brazil that cant be sold here because of regulations than the company will. The amoral business way of conducting business will catch up to companies at one point. There are more important aspects of running a business then high profits, one that i have learned in my business studies is to be ]society friendly. It might be last one the list of many companies, but if the business not doing good for the society matter how much profit you are making at one point it will catch up to the business.

Top Socially Responsible Companies

http://money.cnn.com/magazines/fortune/mostadmired/2008/best_worst/best4.html


These companies are considered the most socially responsible companies in business today, they paint this picture to their customers by making ethical choices.

Distrubution of Wealth

http://www.heritage.org/Research/Taxes/bg1791.cfm

Ran into this great piece of distribution of wealth. Ties nicely into what we have been reading about in class. The spread of wealth is just not evenly distributed.

Nick Bernardo

rich vs. poor

http://members.aol.com/wutsamada2/ethics/essays/treloar.htm

this is a site where i had read an article talking about rich and poor.
an a paragraph from this website...
"Compared to the estimated 1.2 billion people, worldwide living in poverty, those of us in developed countries experience a life of luxury. The things that we take for granted, such as cars, computers, microwaves, and televisions, are extravagant items that most people living in extreme economic poverty will never see. The gap between the affluent and the poverty-stricken is wide, and is getting even wider in many areas of the world. Are we morally obligated to help those less fortunate than ourselves? Should we merely go about our daily lives, forgetting about those on the other side of the world who are dying of malnutrition?"

i totally agree with. in society today we do take all these things for granted. like stated we are morally obligated but the question is how many people who are wealthy rich actaully take a step and help the less forunate. not many i can tell you that. that is one big problem with our society. and i can honestly say its to late to take any steps into fixing that, its to hard to change how our society is now. and its a shame.

dana

egoism

what really caught my attention on tuesdays reading was egoism, i never have really looked into it, on how the book gave examples in the past readings..it is sad how a lot of companys mainly having to do with fixing cars cheat you. its crazy! i dont think its fair for them to worry about there own company in a sense of screwing people. if employees see a young girl walk in with car problems of course there going to try and scam her for more then she really needs to get fix, because most young girls for say who are at college dont have a clue about the car besides for its not running. and lately we have been reading how they are more concerned with the profit they are making and are being selfish and not caring about others. as long as they benefit themselves. i feel like there is alot of this going on out there, and i wish that it didnt have to be like that.

dana.