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.

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Definitions:

Personality Disorders

Mental disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.

Functional Disorders

A category of mental health issues that result in impairments in functioning, without identifiable structural abnormalities in the body.

Personality Disorder

A type of mental disorder characterized by inflexible and maladaptive patterns of thought, feeling, and behavior that deviates significantly from cultural expectations.

Mental Health Fields

Disciplines that study, diagnose, treat, and seek to prevent mental health disorders and illnesses.