From the course: Values and Ethics: Case Studies in Action
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Company interests vs. employee interests
From the course: Values and Ethics: Case Studies in Action
Company interests vs. employee interests
- Shareholders are the owners of the company. And for a long time, modern corporate theory held that it's their best interest that people should have in mind when making decisions. But, over the last few decades we've seen a move from shareholder focus to stakeholder focus. And stakeholders are any other group that has a stake in what goes on in the company. So, employees, customers, suppliers, even the community they work in are obvious stakeholder groups. And oftentimes their best interests are in conflict with each another. Now, in this scenario we're going to look at a situation where what's best for the shareholders and the employees might be different. So, imagine Louis, the payroll clerk at a manufacturing company, is set to retire at the end of the month. And they've hired a woman named Shirley to replace him. Well, while Shirley's getting trained she notices that the timecards show that some of the second shift…
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