This website uses cookies to ensure you have the best experience. Learn more

Business Ethics And Kant Essay

1821 words - 8 pages

Introduction
The purpose of this paper is to discuss how Adelphia Communications’ leadership, particularly the Rigas family, violated the trust of the public and its investors through unethical and illegal business practices. First, a synopsis of the Adelphia scandal will be presented. Next, a brief overview of ethics and how they apply to maintaining good business and public trust will be discussed. Following the ethics overview, an outline of deontology and Kant’s Categorical Imperative will be covered. Finally, the business practices and ethical issues with the Adelphia scandal will be analyzed using the deontological framework and Kant’s Categorical Imperative.
Adelphia Scandal
Adelphia Communications is a company that specializes in telecommunications including cable television and internet service, founded in 1952 by John Rigas. On July 1st, 1986, the company went public. Its new public status meant that it was now required to comply with new regulations, which included filing auditor-approved annual reports with the Securities and Exchange Commission (SEC), and establishing a Board of Directors. Though these new regulations are put in place to protect the company’s new investors and the company itself, we will see that these regulatory requirements did not prevent shady business practices that ended poorly for the company and decimated public trust.
After going public, Adelphia began to quickly grow, becoming the world’s sixth largest cable company in the United States by 2002, the same year that the company became entrenched in scandal. With the influx of capital, Rigas expanded his business and acquired new investors. At the time of the scandal, Adelphia’s annual revenue was $2.9 billion and had 5.5 million subscribers across 32 states and Puerto Rico (Barlaup, 2009). Rigas, proclaimed as being an aggressive businessman, surely felt pressure to keep investors satisfied in order to secure more capital for expansion. Poor business performance meant losing investors and revenue. Faced with keeping an appearance of a healthy and profitable company, Adelphia established a practice of manipulating reports to inflate earnings and exclude billions of dollars in liabilities. According to James Brown, a former Adelphia executive, “it became a part of the corporate culture of Adelphia to conceal information that might be disadvantageous for the company” (Barlaup, 2009).
Records falsification was not the only illegal activity the Rigas family was wrapped up in. The family used company funds, unbeknownst to their investors, to finance personal endevours and interests. Examples include using corporate money to build a $12.8 million golf course on the Rigas property, using the company plane for personal vacation trips including a safari to Africa, and funding for two Manhattan apartments for his family (Markon, 2014). Not only this, but John Rigas purportedly used the company jet to fly a Christmas tree two times to his daughter in New York...

Find Another Essay On Business Ethics and Kant

Virtue Ethics and Business Ethics Essay

2835 words - 11 pages Virtue Ethics and Business Ethics When considering Aristotelian ethics and then placing them in the context of modern business practices, it is important to note that the Greek paradigm was very different to that of our own in the modernist age. Homer’s Greek myths, imminent wars and conflicts and empires were all important issues in Greek times, society however does not place such emphasis on these in today’s society

Business Ethics and Deontology Essay

1587 words - 6 pages Ethics 501 Business EthicsAdam JesseeModule 1 - Case AssignmentBusiness Ethics and DeontologyFor the Module 1 Case Assignment we are asked to briefly describe the Adelphia Communications scandal and drawing upon deontological ethics, discuss how Adelphia Communications' executives violated the trust of the company's shareholders and the trust of that of the larger public. We first need to look at deontological ethics and how the philosophy of

Business Ethics and Deontology

1587 words - 6 pages Ethics 501 Business EthicsAdam JesseeModule 1 - Case AssignmentBusiness Ethics and DeontologyFor the Module 1 Case Assignment we are asked to briefly describe the Adelphia Communications scandal and drawing upon deontological ethics, discuss how Adelphia Communications' executives violated the trust of the company's shareholders and the trust of that of the larger public. We first need to look at deontological ethics and how the philosophy of

Business Ethics and Deontology

1587 words - 6 pages Ethics 501 Business EthicsAdam JesseeModule 1 - Case AssignmentBusiness Ethics and DeontologyFor the Module 1 Case Assignment we are asked to briefly describe the Adelphia Communications scandal and drawing upon deontological ethics, discuss how Adelphia Communications' executives violated the trust of the company's shareholders and the trust of that of the larger public. We first need to look at deontological ethics and how the philosophy of

Business Ethics and Leadership

1032 words - 5 pages Question 1 Business ethics can be defined as written or unwritten codes of principles or values that govern decisions and actions within an organisation [1] Business ethics is talked about in terms of ethical conduct of the total business as well as each employee individually and within its community or society. [2] *Business ethics is a system of moral principles applied in a commercial world, it is knowing between right and wrong and of

Ethics and business

1905 words - 8 pages The world of business is the world of contradiction, and thus you can find in this world success and failure, dishonesty and honesty, loyalty and treason and so on. In business there are two main styles, capitalism and socialism. Admittedly, they have a great influence on the employees, managers and owners behavior. Nowadays, business ethics has become a significant subject all over the world. In fact, this not only because of the importance of

Business ethics and integrity

844 words - 3 pages Ethical PaperBusiness ethics and integrity are becoming more effectively in the modern business world. However, both ethics and integrity are acted in the most important roles in the business world. For example, if you want to become successful businessman or you want to stand your high position in the business world, and then you must to fully understand that what is meaning of both ethics and integrity, and how to use those things efficiently

Ethics and Business Analysis

1252 words - 5 pages . As someone who is looked upon as a communicator, mediator, and problem solver, a successful business analyst must work for the greater good of the company. This is the essence of a good business analyst’s moral code—always thinking what will be in the best interest of my client? How can I best meet their request in the short and the long run? The market should be able to select for analysts who adhere to this code. Businesses will recommend their

Business Ethics and Entrepreneurship

676 words - 3 pages Business Ethics and EntrepreneurshipAbstractWhen thinking of starting a small business there are multiple things that must be considered. Is a business plan needed, and if so why? How will one finance this business and what are the legal issue's that could come up? If this is to be a family run business what problems could the married couple face? In this paper I will explore each of these questions and provide detailed answers.A business plan

Business and Ethics

4838 words - 19 pages directly responsible and at the same time, there are cases where employees are acting unethically without the executives knowing. Neither title of executive or employee are always morally perfect. Therefore, when a company has acted irresponsibly, its employees must be held liable in a proportionate amount. As for the future of ethics in business I would speculate that if employees started to think more in long term benefits and profits, many of the

internet Privacy and business ethics

2637 words - 11 pages "We, who have a private life and hold it infinitely the dearest of our possessions...." (1)INTRODUCTIONAn important part of the ethics of business is computer ethics (CE) or information ethics. According to Luciano Floridi (2) the urgency of computer ethics has not yet been raised to the status of a philosophically respectable topic. Most philosophers view computer ethics as a "professional ethic" rather than a true ethics issue.The purpose of

Similar Essays

Euthanasia And Ethics: Kant And Stewart Mill

1269 words - 6 pages The issue of euthanasia is one surrounded by much controversy. Here we will look at the moral system of Immanuel Kant and John Stewart Mill, the argument for euthanasia, and how each philosopher would respond to that argument. Immanuel Kant and John Stewart Mill have different ethical views therefore they view the issue of Euthanasia differently. Immanuel Kant holds a deontological, or duty based, ethical view. This means that for something to

Comparative Essay Describing The Ethics Of Aristotle, Immanuel Kant, And Emmanuel Levinas

893 words - 4 pages concept that reason controls desire.Immanuel Kant was a philosopher who lived the majority his life in the 1700's. He believed that an individual should use God, freedom, and immortality to be able to pursue and attain the supreme good. He also believed in deontological ethics, meaning it is one's obligation and duty to do what is right. Kant said that an individual must use intellect, free will, and reason to carry out this duty. He is similar to

"Ethics Affect Actions".Examines The Views Of Two Philosophers (Kant And Mill) On How Ethics Affect Appropriate Action. Great For A Philosophy Class And You Can Add Your Own Views And Opinions

1075 words - 4 pages "Ethics Affect Actions""What is the appropriate action?" It's a controversial question that is a focal point for moral and ethical code. Morals and ethics is, of course, a subject that runs deep in the discussion of philosophy. People are faced with moral dilemmas everyday, which often times they decide without thoroughly examining their options. Immanuel Kant and John Stuart Mill are two philosophers who focus on the topic of ethics, yet with

Philosphy Introductory To Ethics By Ken Burgess The Essay Contains Three Questions That The Professor Asked And We Had To Discuss. Areas Of Interest That I Discussed Were Kant, Ayn Rand, Rawl

1512 words - 6 pages Ethics of Selfishness/Ethics of DutyCompare and contrast Kant and Ayn Rand on the issue of altruismAltruism is an unselfish act wherein one's intention is to benefit another. Within every act, three aspects must be considered: the motivation behind the act; the moral value of the individual carrying out the act; and the selfish consequences of the act itself. Both Kant and Rand agree on using moral values to make decisions on an act, however