Machiavellian Analysis Buddy Fletcher was able to use his financial success and philanthropy to win respect and power. His high esteem combined with his ability to deliver strong profits lead to blind deference. As Machiavelli wrote, “he who is highly esteemed is not easily conspired against”11 (Ch. 19). In the beginning of his career, Fletcher embodies the spirit of a Machiavellian leader by commanding influence through his success. However, in the spirit of Kant, he seems to adhere to strong moral principles, such as not lying and using others as merely means to his end. However, as details of his success were revealed, his moral character becomes increasingly questionable. Firstly, he did not disclose the methods by which he was …show more content…
This large-scale deception is a clear violation of the principle of universality. If every financier acted like Fletcher, financial systems throughout the world would be destroyed. Trust is a key component and without trust, these systems would lose all their credibility. Fletcher made an exception of himself, violating the maxim of not lying, and took advantage of a trusted system and naive individuals. Fletcher shows his lack of integrity, a quality Kant believed central to his moral theory12 (pg. 155). This lack of integrity only further demonstrates Fletcher’s immorality. Buddy Fletcher’s actions were motivated by selfish desires that he attempted to justify through outlandish philanthropy. Lacking pure motivations, Fletcher used others to suit his own end. Exercising extreme moral hazard, Fletcher lied his way into millions of dollars12. When his fund turned out to be insolvent, it is the individuals’ pension funds that suffer, not Fletcher himself. This is a clear violation of the humanity principle. The humanity principle states that one must never use others as merely a means to their own end. He took pension funds from unwitting individuals and used them for personal needs, such as funding of his brother’s failed movie10. Not only did he lie to investors about the success of the fund, but he used their investments for personal use. He completely violates the humanity principle, using
During my courses, I frequently remind students that most corporate executives, accountants, and auditors are honest and ethical. This case provides a stark and powerful example of one such individual. When I discuss a case such as this in my courses, I try to provide other examples of positive role models among corporate executives. Granted, most of these examples do not involve accounting or auditing matters, but, nevertheless, they help to blunt the impression that students may receive from studying my cases that most corporate executives are “crooks.”
The second ethical problem in this case relates to the Rigas family’s use of publicly-held corporate funds as a personal “piggy bank.” The Rigases used the company jet for personal reasons “without approval of the Board of Directors”, on one occasion flying to Africa for a safari (Markon & Frank, 2002). On another, one of John Rigas’ sons used a corporate jet to pick up an actress friend of his (Grant, Young, & Nuzum, 2004). The former CFO claimed that Adelphia’s funds were used by one of Rigas’ sons to buy a condominium, and to build a $13M golf course (Grant, Young, & Nuzum,
“His testimony was responsible for the execution of some 35 persons, but, as the frenzy subsided, inconsistencies were discovered in his story.”
Machiavelli concentrated more on the way things should be and how to manipulate them for his own personal gain rather than for the betterment of the state. He was well-known for being a political thinker who believed that outcomes justified why things happened. A key aspect of Machiavelli’s concept of the Prince was that “men must either be caressed or annihilated” (Prince, 9). What Machiavelli meant by
Making the right choice in life is a constant struggle that everyone faces daily. Moral issues arise for everyone in different situations. They may not have big impact on the world, but these ethical problems happen every person no matter if the individual is an actor, actress, CEO, athlete, pharmacist, doctor, etc. A moral problem that has big effect on other people takes place in the sphere of sports. Drug use to enhance performance has been a big moral issue because some people claim it to be necessary while others claim it is outrageous to use drugs. On this moral issue, Machiavelli, Kant, and J.S. Mill would have different opinions on this problem due to their difference in beliefs. While all three individuals would have their own
According to Johnson (2012) leaders are powerful role models, and policies will have a little effect if leaders do not follow the rules they set. In Enron case, corruption and ethical misconduct were deeply embedded in their business culture where profitability was more important than ethics. In this paper, I will address the factors that had led to the development of the culture of profit before principle at Enron. Also, I will create my personal code of ethics that will guide me in my professional and personal decision making and doing the right thing when faced with ethical challenges.
He also increased the risk exposure of the bank and had hidden it from its superiors. By using his reputation and the trust from the bank he speculated while he should not have been able to do so.
Brenda Franklin had been serving Allied Tech for the past 8 years. As any other organisations, Brenda used to be a part of the lunch hour conversations with her colleagues. One day when her colleagues were discussing about corruption and politics, something occurred to her. As a result she prepared a list called “Ethically Dubious Conduct” and pasted it on the common notice board. Her colleagues were taken by surprise. Brenda was now anticipating the next lunch where she was expecting her list to be analysed among her colleagues.
Collins illustrates a persuasive profile of what it takes to be the leader of not a good but a great organization in the modern day. He also demonstrates the development of successful organizations as a consequence of ethical behavior rather than despite
Thomas Farrow in the beginning had an idea of providing an ethical business culture. Farrow became so engrossed in being perfect that he created a false reality, to others and himself. As the company began to go south he pleaded all the way to the court that he did everything correct; and if he had more time he could change everything around. If Farrow did everything correct managerial hubris could possibly set in. It is possible that he could have felt that he was unstoppable and successful enough that he did not need those around him telling him what to do. It’s possible that he could be humble about his success, but in an industry revolved around money, people lose who they are, making greed and power the common
Nowadays, it is politically impossible to commit to paper a "training guide" for leaders. There are innumerable detractors to any possible stance or strategy a leader might adopt. As a result of this, all "training" must take place behind closed doors, far from the prying eyes and ears of the news media or the public. But this has not always been the case.
“There is no possibility of thinking of anything at all in this world, or even out of it, which can be regarded as good without qualifications, except a good will.” (Kant, pg.7 393). No other thing that may appear good can be unqualifiedly good, as even “Talents of the mind…Gifts of power…[Other] qualities…Have no intrinsic unconditional worth, but they always presuppose, rather, a good will, which restricts the high esteem in which they are otherwise rightly held.” (Kant, pg.7 393-394). So Immanuel Kant introduces the public to his Grounding for the Metaphysics of Morals, which results not in simply a grounding work, but one that is utterly groundbreaking. This opener, wholly devoted to the establishment of the importance of will and intention, notes the guiding characteristics of a good will. As enumerated previously, Kant recognizes the plausible potential positivity of plenty concepts, but remains of the mind that none of these are good in themselves without the efforts of a good will to guide and restrict them in a manner that perpetuates their positivity.
Niccolo Machiavelli's The Prince examines the nature of power and his views of power are still somewhat in existence today. I'll discuss this in this essay, emphasizing the following theses. Machiavelli discusses power over the people, dictatorial power, and power with people, shared power. While it is possible for power with to attain greater prevalence in society, it will not completely eliminate power over. In The Prince, Machiavelli discusses two distinct groups of people, the political elite, including nobles and other princes, and the general public. Today in the United States, the first group, the political elite, includes political leaders, religious leaders, business leaders and the leaders of
Every leader has the desire to make their nation stronger, but how can that be done? A political writer from Italy, named Niccolò Machiavelli, shared the qualities that he believed a strong leader should have in order to run a successful government in a piece of writing called The Prince. In this book, Machiavelli lists the main ideas or rules that a leader should follow in order to maintain his principality or government. For centuries, governments have been influenced by the political views that he shares in his manuscript. Even in the United States of America, his teachings impact the way that the government is run. Machiavelli’s ideas and writings have largely affected the way that America’s government and leaders work towards
Machiavelli’s argument also focuses on the topic of integrity and generosity and on how a political leader should keep his word. On one hand, he states that it is commendable for a political leader to live by integrity and to be considered generous; however the leaders who have accomplished great deeds throughout history hardly cared about keeping their word and were men that were known to be able to manipulate every situation by clever and shrewd means. Since it is impossible to always maintain all the qualities that man consider good and also maintain a state in his view, a great leader would know when to break those qualities when it is needed for the preservation of the state. However, he warns of excess generosity and the burdens it brings because in order for a leader to maintain his reputation as generous, he has to continuously tax his people in order to raise his funds. This process in turn makes those who employ excessive generosity appear to be the most miserly of all since they tax everyone in order to appear generous to a few.