Ethics and Social Responsibility

Powerful Essays
Topics: Ethics, Morality
Running Head: THE ETHICAL AND LEGAL IMPLICATIONS

The Ethical and Legal Implications of the University of Miami Ponzi Scheme

Abstract
The University of Miami case was one of the biggest financial scandals in the past year. Former UM Football Booster, Nevin Shapiro, orchestrated a $930 million Ponzi scheme, with which numerous NCAA rules were violated. Shapiro allegedly provided cash, goods, prostitutes, assorted favors and on one occasion, an abortion to University of Miami football players. This paper will examine the various legal and ethical implications involved in this case, including an analysis of the university’s social responsibility, and an overview of the scandal in terms of three ethical theories: utilitarianism, Kant’s categorical imperative, and ethical relativism.

Table of Contents I. Introduction (Stephanie) A. Purposes of Paper * Analytical paper - “3 value” analysis of law, ethics, and social responsibility * Current, controversial, and narrowly focused topic involving business directly or indirectly * Significance of topic B. Background Information regarding topic

II. Legal Section (Ashley) A. Introduction to Legal Section B. Statement of Relevant Legal Principles and Rules of Law C. Application of Law to Topic and Legal Analysis D. Legal Conclusion (and transition to Ethics Section)

III. Ethics Section A. Utilitarian Ethical Analysis (Stephanie) * Introduction (brief) to ethics as a branch of philosophy * Introduction and brief explanation of Utilitarian theory * See Cavico and Mujtaba Business Ethics text Chapter 7 for discussion of Utilitarianism * Stakeholder, pleasure v. pain, numerical model of Utilitarianism - Utilitarian analysis as per required model (See required Utilitarian model below) * Moral conclusion pursuant to Utilitarian model

B. Kantian Ethical Analysis (Brett) * Introduction and brief explanation of Kantian ethics



References: Alvarez, C. (2011, March 3). Five-year crime comparison. Miami-Dade Gov. Retrieved from http://www.miamidade.gov/mdpd/Press_Releases/Crime_Stats/2011_MAYORS_PRESS_CONFERENCE.pdf America 's most expensive cities Andre, C., & Velasquez, M. (2010). Calculating consequences: The utilitarian approach to ethics. Santa Clara University. Retrieved from: http://www.scu.edu/ethics/publications/iie/v2n1/calculating.html Associated Press Batard, D. L. (2011, February 11). University of Miami scandal brings out hypocrisy on campuses. The Miami Herald. Retrieved from: http://www.miamiherald.com/2011/08/28/2378155_p2/university-of-miami-scandal-brings.html#ixzz1ekDeMAYQ Boudreau, A Cavico, F. J., & Mujtaba, B. G. (2009). Business Ethics: The Moral Foundation of Effective Leadership, Management, and Entrepreneuership Cavico, F., & Mujtaba, B. (2009). Legal challenges for the global manager and entrepreneur. Kendall/Hunt Publishing Company. CBS New Sports. (2011, August 17). Ex-booster: Scandal will destroy U. Miami football. CBS New Sports. Retrieved from: http://www.cbsnews.com/stories/2011/08/17/sportsline/main20093521.shtml CEO of Capitol Investments USA Inc Effick, T. (2010, December 16). Nevin Shapiro: Miami 's Caligula. Miami New Times. Retrieved from: http://www.miaminewtimes.com/content/printVersion/2592914/ Greater Miami convention and visitors bureau Gutierrez, I. (2011, November 4). Golden’s gesture is nice, but it doesn’t guarantee anything. The Miami Herald. Retrieved from http://www.miamiherald.com/2011/11/04/2486242/goldens-gesture-is-nice-but-hes.html Kestin, S Jackson, D. (1993, March 16). What is a ponzi scheme? Los Angeles Times (Pre-1997 Fulltext), pp. 8-8. Retrieved from http://ezproxylocal.library.nova.edu/login?url=http://search.proquest.com/docview/281999655?accountid=6579 Miller-Degnan, S Utilitarian Ethics: A framework for making ethical decisions. (2006). National Endowment for Financial Education. Retrieved from: http://nefe.danielsfund.org/ethics/section_two/ue.html Wolverton, B

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