Milo Is the Young, Likable, Optimistic, and Generous Son of a Prominent

question 54

Essay

Milo is the young, likable, optimistic, and generous son of a prominent public official.He has a master's degree in business and is the business partner of Kent and Lily in an oil drilling and exploration business.Milo also serves as a director on the board of the Corley Savings and Loan Association.While serving on the Corley Board, Milo votes to approve major loans to Kent and Lily without disclosing to the other directors that he is a business partner of Kent and Lily .Milo also personally arranges for a $900,000 line of credit from Corley for an oil drilling venture in which he is a partner with Kent .The drilling venture is unsuccessful and Kent and Lily both default on their loans to Corley , which then causes the S & L to become insolvent.Federal banking officials seize Corley and liquidate its assets to pay creditors and depositors.Because Corley is federally insured, tax money is also used to pay off depositors whose deposits are insured under federal programs.Corley shareholders lose their investment money.Was Milo's conduct as a director of Corley ethical? Analyze his conduct in light of the following
a.Intuitionism and the "Television Test."
b.Milton Friedman's ideas on corporate governance.
c.Deontological theories.
d.Rule utilitarianism.
e.Ethical relativism.

Compare the effects of different forms of power on performance and satisfaction.

Recognize the positive aspects of power and empowerment dimensions in the workplace.

Understand the concept of influence within an organization's hierarchy.

Learn the impact of feedback on employee relationships and performance.

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Definitions:

Mental Disorder

A condition characterized by disturbances in a person's thought, feeling, or behavior, leading to distress or impaired functioning.

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Nineteenth Century

The period from January 1, 1801, to December 31, 1900, marked by significant industrial, cultural, and political changes worldwide.

Beck Depression Inventory

A 21-question multiple-choice self-report inventory, one of the most widely used psychometric tests for measuring the severity of depression.