PHI 2397 Lecture 4: PHI2397-Course4
9 Jun 2017
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Car (driven by grandson) was stopped; serious burns, skin grafts. Jury awards 160k$ compensation + . 3 million punitive damages. Article: yesand why it matters (258) corporations should be treated as full-fledged moral persons . =be responsibl, held accountable, for harm. (context: oil corp, joining a cartel) Reasoning: corp. action and responsibility if action based on cid (corporate internal decision structure) + corp. aims/ success. ): individual responsible for wrongdoing if against corp policy. Text: freeman, a stakeholder theory of the modern corporation , pp. 263-69. (pp. 263-4) [] managers have a fiduciary relationship to stakeholders. Stakeholders are those groups who have a stake in or claim on the firm. Specifically i include suppliers, customers, employees, stockholders, and the local community, as well as management as the agent for these groups. In general, however, management must keep the relationships among stakeholders in balance. When these relationships become imbalanced, the survival of the firm is in jeopardy.
