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Psychological Egoism in Business

Find a contemporary article showing how the theory of psychological egoism in a corporation resulted in an ethical dilemma.
- Is there a way that the decision-making process within a large corporation can overcome this fact of human selfishness?
- What would be a solution in this scenario?
- How does the theory of psychological egoism fit within your personal body of ethics and values?
- How does the theory of psychological egoism fit within the ethical structure of the company or organization you work for now or have worked for in the past?

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Step 1
This is a contemporary article that shows how the theory of psychological egoism in a corporation resulted in an ethical dilemma. According to the theory of psychological egoism, each individual seeks as an end only the individual's own welfare. The article: Opinion: KPMG Insider Trading Scandal Damages the Reputation of the Accounting Profession, Business Ethics (c) is about Scott London a partner in charge of KPMG's Southern California's regional audit practice. He leaded confidential information to his friend Brian Shaw about several companies relating to their earnings. Shaw made $1.27 million from the information and ...

Solution Summary

This solution explains psychological egoism and business ethics. The sources used are also included in the solution.

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