BLAW 414 Chapter Notes - Chapter 2-7: Jeffrey Skilling, Andrew Fastow, Special Purpose Entity
4 Oct 2015
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Document Summary
However, as the saying goes, it is nice to know classical music before playing jazz. These theories have been developed over centuries and constitute the major normative approaches to ethical decision making even today. The following overview also shows that when we face the complexities of situations and issues in the investment industry, no single approach guarantees perfect and simple solutions to ethical decision making (trevino and nelson 2007). To judge whether something is ethical, consequentialist theories strictly emphasize the consequences of the decision. Of course, 9 the consequences of actions matter in ethical decision making. In fact, economists and finance professionals are highly familiar with this approach to decision making. When they invest money, they look at the utility of financial decisions outcomes and choose the course of action that results in the highest utility (e. g. , the financial product or strategy that promises the highest risk-adjusted profit).
