What ethical and business considerations should a corporation and its CEO consider when setting the salaries for the different types of workers it employs?;Attachment Preview;Manager and the Legal Environment Chapter 2 Q. 1 Pg 56 & q. 8 58.PDF;UNDATIONS O F THE L EGAL A ND R EGULATORY E NVIRONMENT;made by the defendants,237 In January 2008, the;Cdurt denied the shareholders' petition for;but eradicating the investors' hopes of making;private right of action to sue third parties-such as suppliers;accountants, and l awyersfor securities fraud committed by;the companies with which they did business unless the shareholders can show that they relied on public statements by;those third parties in making the decision to invest.238;That same month, the Supreme Court;a case not involving Enron that s hareholders have no;Regents of the Univ. of Cal. v. Credit Suisse First Boston (USA);lot, 482 F.3d 372 (5th Cir. 2007), cert, denied, Regents of the Univ.;of CaL v. Merrill Lynch, Pierce, Fenner & Smith, 2008 U.S. LEXIS;1120(U.S.Jan. 22, 2008).;238. Stoneridge Inv. Partners v. Scientific-Atlanta, Inc., 128 S. Ct. 761;(2008) ("[T]he implied [private] right of action does not reach customer/supplier companies because the investors did not rely upon;their statements or representations.") (Case 23.1).;KEYWORDS AND PHRASES;apartheid;44;fiduciary duty;compensatory justice;31;deontological theory of ethics;distributive j ustice;49;Kantian theory;30;31;Ethical Business Leader's Decision;Tree 26;shareholder primacy;Ideological theory of ethics;30;mark-to-market accounting;Rawlsian moral theory;retributive justice;reversibility;26;universalizability;54;utilitarianism;30;30;30;30;31;30;/;1. 1 Christine Bancroft is a twenty-five-year-old blonde with a;(\-S face and a figure that some of her male colleagues thought;seemed better suited to the cover of the Sports Illustrated;swimsuit issue than Advertising Age. After spending her;first three months as an analyst at the privately held advertising boutique Scot Wayne More, sitting in her cubicle;doing research on the Hispanic market, she looked forward to the day she would have a chance to wow clients;with the finely honed marketing skills she had acquired;while pursuing her MBA at Northwestern University.;Christine knew that Allen Scot and Bart Wayne had a;reputation for entertaining clients from out of town at San;Francisco's all-male Pacific Union Club, so she was pleasantly surprised when Allen asked her to join him and Bart;for lunch with Andrew Wise at the World Trade Club. Wise;was an account executive from the Cincinnati headquarters;of Quinn & Inder, the second-largest consumer products;firm in the United States. At first, Christine thought that;she'd been invited to discuss their plans to extend their;reach into the Hispanic youth market. But when she asked;Bart how she might best prepare for the meeting, he j ust;smiled and said, "Just wear that little black dress you wore;at the firm's holiday party and leave the talking to Allen;and me. Andrew asked for California, so we're giving him;California.;What should Christine do? What would you do if you;were head of human resources for Scot Wayne More and;overheard the conversation between Bart and Christine;while waiting in Allen's office to go over an offer letter for;a new hire? [Inspired in part by JOSEPH L. BADARACCO, JR.;DEFINING MOMENTS: WHEN MANAGERS MUST CHOOSE;BETWEEN RIGHT AND RIGHT (1997).];2.;In August 1969, followers of Charles Manson killed;seven persons, including actress Sharon Tate, in two Los;Angeles homes. Manson has been denied parole repeatedly and remains in prison for the gruesome murders that;he and members of his c ult committed. Now shops have;UNDATIONS O F THE L EGAL A ND R EGULATORY ENVIRONMENT;Eli Lilly & Co.. a large, name-brand pharmaceutical;firm for which Georgia-Pacific is the leading supplier of;paper goods aid packaging, has been pressuring the paper;company to withdraw from BAM. Doling, a GeorgiaPacific sales manager, fears that "we may lose our business;position if this is not managed correctly." Boling point?;out t hat L illy plans to l aunch six new compounds next;year, "which could mean millions of dollars in paper business for us." In one e-mail, Boling mentioned that a threeyear agreement with Lilly "is sitting on the Procurement;Managers [sic] desk now to be signed." Should GeorgiaPacific withdraw from BAM? Is it ethical for Lilly to use;its business relationship to try to force Georgia-Pacific to;withdraw? [This question is drawn largely from Laurie;McGinley, Georgia-Pacific Curbs Push to Speed Generic;Drugs, WALL ST. I, Sept. 4, 2002, at 2.];In April 1999, Tim Rudolph left the Stanford Graduate;School of Business to become the founder and CEO of;IPO.com, a securities brokerage firm specializing in helping young companies use the Internet to raise money from;the public. IPO.com went public on March 2, 2000. On;September 5, 2000, Rudolph personally sold one million;shares of stock for $75 million. He used $10 million of;the proceeds to buy a large house in Atherton, California;an easy commute to the company's Silicon Valley offices.;Rudolph still owns another four million shares.;IPO.com employs thirty senior computer programmers who are paid a starting salary of $125,000 and given;stock options potentially worth millions. The company;also employs five janitors who empty the trash, clean;the latrines, and vacuum the senior programmers' work;areas. These janitors are paid approximately $15,000 a;year. Due to the astronomical cost of living in Silicon;Valley, several janitors with children have second jobs and;rent out space in their one-bedroom apartments to make;additional money to support their families. Four of the;company's janitors are non-English-speaking immigrants;from Mexico who are desperate for employment and, as a;result, are willing to work for the low salary.;Although there is a large pool of unskilled workers;willing to work as janitors for $15,000 a year, the market;for skilled programmers is so t ight t hat IPO.com has had;to institute special incentives to keep the programmers;happy. Most recently, the senior programmer was given a;Hummer, the civilian version of the U.S. Army's H umvee;vehicle, to celebrate the completion of an important piece;of code.;What ethical and business considerations should a corporation and its CEO consider when setting the salaries;for the different types of workers it employs?;For Internet resources, please visit our website;flfwww.cengage.com/blaw/bagley.
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