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APA
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Business & Marketing
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Case Study
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English (U.S.)
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Topic:

The Madoff Affair and Kant’s Categorical Imperative

Case Study Instructions:

Bernie Madoff is a former stockbrocker and chair of NASDAQ. He operated the largest Ponzi scheme in American history and is currently serving a life sentence for his fraud. Address ONE of the following in your post and provide a title in the subject line of your post that suggests which prompt you are addressing. (For instance, "CSR", or "Kant").
1.A popular view of Corporate Social Responsibility emphasizes that businesses have a duty to those affected by its decisions (“stakeholders”) beyond just its shareholders or owners. Name two stakeholder groups impacted by the Madoff’s scheme? Explain how they were impacted.
2.Immanuel Kant developed duty-based ethical guidelines, one of which, was the categorical imperative. Apply the categorical imperative to the Madoff affair. Explain.

Case Study Sample Content Preview:


The Madoff Affair and Kant’s Categorical Imperative
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The Madoff Affair and Kant’s Categorical Imperative
The Madoff affair or scandal that broke in 2008 created a twist and a challenge in business ethics. In the modern day and the past, investors have developed a level of trust in businesses because they trust that companies have set higher ethical standards that guarantee the safety of the investors’ funds. Madoff affair changed the level of trust that people have in business. Immanuel Kant’s principle of categorical imperative can be used to analyze the Madoff affair and provide an in-depth into duties that businesses owe the stakeholders.
Kant’s categorical imperative requires that a person treats others not as a means, but rather as an end. The categorical imperative also states that one acts in a manner that if everyone was to serve in that manner, then it could become a universal law. An application of Kant’s reasoning to Madoff affair finds the behavior of Madoff wanting. The first reasoning of Kant is that a person should not tre...
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