¶ … ethical?
The first option is by far the most ethical from a utilitarian perspective. The first option allows the business to maintain its going concern condition. It will also help mitigate the damage of layoffs, wage restrictions, and benefit reductions to staff. This option, therefore provides the greatest amount of good to society at the lowest possible cost. The reputation of the business would also remain intact, further providing benefit to society, in that management is dedicated to its employees.
From an egoism perspective, the second option would be the most ethical. It allows for Joe Woodman, to serve his own needs at the expense of lost jobs, wages and benefits to others. Under the assumption that Joe wants to maintain control of the business, this alternative allows him to do so, while also helping the company generate stable and consistent cash flow. The use of expert management, would also provide credibility to his business aided in his pursuit of control .
2) How does egoism come into play in this case? In which of the three cases is altruism most apparent?
Egoism comes in to play in multiple facets within this case. First Joe must decide...
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