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Ethics is a broad field of inquiry that addresses a fundamental query that all of us, at least from time to time, think about—namely, “How should I live my life?” That question, of course, leads to others, such as: “What sort of person should I strive to be? What values are important to me? What standards or principles should I live by? Exploring these issues immerses one in the study of right and wrong.
Business ethics, however, is the study of what constitutes right and wrong, or good and bad, human conduct in a business context. For example, would it be right for a store manager to break a promise to a customer and sell some hard-to-find merchandise to someone else, whose need for it is greater? What, if anything, should a moral employee do when his or her superiors refuse to look into apparent wrongdoing in a branch office? If you innocently came across secret information about a competitor, would it be permissible for you to use it for your own advantage?
Attached herewith is a link of a particular incident for your reference: https://www.nytimes.com/1991/08/10/business/salomon-brothers-admits-violations-at-treasury-sales.html
Please answer the following questions as they specifically relate to the link above:
When is market manipulation ever justified? (Half a page)
Was the government unnecessarily harsh with Salomon Smith in this particular incident? Why or why not? (Half a page)
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