Subject category:
Ethics and Social Responsibility
Published by:
NACRA - North American Case Research Association
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https://casecent.re/p/108682
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Abstract
Richard Bennett was faced with a serious ethical dilemma that would impact his career, family, and co-workers at a time when he was only two years away from retirement. Bennett, a regional vice president in the Cable Division of Centurion Media, believed that a contract executed by the new president of his division, Joseph Fowler, would cause significant financial losses for Bennett’s own division and the company. Bennett suspected that Fowler might have a serious conflict of interest, since he owned stock and options in Northpark - the company with which he had negotiated the contract. When Bennett contacted the general counsel and controller in the corporate office of Centurion Media, they suggested he back off. If he chose to protest the contract, he would probably be fired. If he did nothing, Bennett was convinced his own division and the parent company would lose millions in revenues and profits.
About
Abstract
Richard Bennett was faced with a serious ethical dilemma that would impact his career, family, and co-workers at a time when he was only two years away from retirement. Bennett, a regional vice president in the Cable Division of Centurion Media, believed that a contract executed by the new president of his division, Joseph Fowler, would cause significant financial losses for Bennett’s own division and the company. Bennett suspected that Fowler might have a serious conflict of interest, since he owned stock and options in Northpark - the company with which he had negotiated the contract. When Bennett contacted the general counsel and controller in the corporate office of Centurion Media, they suggested he back off. If he chose to protest the contract, he would probably be fired. If he did nothing, Bennett was convinced his own division and the parent company would lose millions in revenues and profits.