Description
View this Ethical Dilemma to learn more about Bill and Joe's relationship.
Joe has scheduled a meeting with his management team for next week to talk about the Peninsula Hotel chain contract. He hopes that he will be able to work with them to draft a contract favorable to Peninsula that will ensure its renewal for another year. He is reasonably sure that the contract renewal will ensure his continued success and employment with UWEAR. Bill invites Joe and his family to join them on his yacht for the weekend.
Joe is relieved to get the invitation from Bill because their relationship has been strained lately due to the contract negotiations.
Joe must decide how he will answer Bill’s invitation to join him and his family on their yacht.
Using ethical principles that you have learned thus far to justify your answers, please respond to the following questions in a paper of 500–700 words:
- What are some reasons why Joe should turn down the invitation?
- What are some reasons why Joe could accept the invitation?
- Does Joe's relationship with Bill meet the definition of a conflict of interest?
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Running Head: JOE’S ETHICAL DILEMMA
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Joe’s Ethical Dilemma
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JOE’S ETHICAL DILEMMA
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There are several reasons that justify why Joe should turn down the invitation given the
prevailing circumstances. To begin with, there is already a conflict of interest in the yachting
during the negotiations that Bill has invited Joe. Therefore, Joe should turn down the invitation
due to the possibility of encountering a dilemma of conflict of interest. Besides, Joe and Bill
could be guilty of insider trading because they are privy to the classified information of the
planned negotiations (Alexander, Al-Khatib, Al-Habib, et al., 2019). Threads4U could also file a
lawsuit against UWEAR/PALEDENIM and the Peninsula Hotel chain for insider trading.
Joe should also take note that taking part in the yachting during a negotiation may lead to
his termination of employment as repercussions to the legal issues that his employer could face
during the lawsuit over c...