Essay about South African Investment

1083 Words Oct 10th, 2011 5 Pages
A South African Investment
Shanquetta Dupree
PHI 445
Instructor: Whitfield
May 17, 2011

In your judgment, were the possible utilitarian benefits of building the Caltex plant in 1977 more important than the possible violations of moral rights and of justice that may be involved? Justify your answer fully by identifying the possible benefits and the possible violations of rights and justice that you may be associated with the building of the plant and explaining which you think are more important.
In my judgment I feel that both possible utilitarian benefits of building the Caltex plant in 1977 and the violations of moral rights and of justice involved. The building of the Caltex plant provided economic support for South Africa.
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There is no doubt that the shareholders and South African government benefited from Caltex plant building financially as well. In a way Caltex plant building lead to more laws that were inappropriate towards the Chinese workers and moral principles that only the government can change.
If you were a stockholder in Texaco or Standard Oil (now named Chevron), how do you believe you ought to vote on the three kinds of stockholder’s resolutions that were proposed (the first asking Caltex to terminate its operations, the second asking Caltex not to sell to the military or police of South Africa, and the third asking Caltex to implement the Tutu principles)? Justify your answer fully.
If I was a stockholder in Texaco or Standard Oil I would vote against the resolution to terminate operations in South Africa. Texaco Inc, and Chevron, through Caltex is one of the largest U.S. investments in South Africa, with assets of approximately 300 million. Another reason I would vote against the resolution would be “such withdrawal would endanger prospects for the future of all Caltex employees in South Africa regardless of race” (1977). Terminating operations in South Africa would definitely not be a good choice because there are too many investments, profits, economy finances, and jobs that rely on the company operations. This operation seems to be South Africa main source when we speak in terms of income supply.
Secondly, I
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