RSM100Y1 Lecture Notes - Andrew Fastow, Corporate Social Responsibility, David Radler
Document Summary
Radler was also guilty in the hollinger fraud case, but since he testified against black, he only served a shorter period of time in prison. Queen"s board of trustees, as a result of this, gave back the money (since it may have been from criminal activities) and took down the plaque from the building. This helped restore queen"s reputation and image. How can one decide which decisions are ethical and which are not. Ie, conrad black donated a great amount of money to sick kids hospital, they are not going to pay this money back and take down his name because it would take away from other important funds. All these questions are solved through the use of ethics. As businesses focus solely on profit, they are not obligated to take care of their social responsibilities. As a result of this, we now face environmental concerns, moral sensitivity, and other problems which we are unable to resolve easily.
