Business Ethics Case Study - Tyco
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Read Case Study 20, 'Tyco: I'm Sure That It's a Really Nice Shower Curtain' in the attached files. Summarize the overall viewpoint of the author, and discuss the major issues presented in the case. Review the Questions for Thought.
Answer these three questions using the business ethics principles from the textbook (See attachments).
1. What do you think is Kozlowski's motivation for trying to avoid paying sales tax on the art work?
2. Explain what the concept of comingling of assets with Tyco was.
3. Would it have been possible for the board of directors to see the adjustments taking place in the many different programs at Tyco?
Your summary of the author's viewpoint and your discussion of the major issues presented in the case must be in paragraph form. However, your responses to the three Questions for Thought can be answered either in paragraph form or as a numbered list.
Remember, if you paraphrase or quote words or ideas from your course textbook or other resources, you should cite your sources following the APA style citation guidelines.
Reference: Stanwick, P.A. & Stanwick, S.D. (2009). Understanding business ethics (1st ed.). Upper Saddle River, NJ: Prentice Hall.
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This detailed solution answers case study questions regarding Tyco.
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Here you go - hope this helps. Good luck.
(I referenced the case study from the reference given).
1. What do you think is Kozlowski's motivation for trying to avoid paying sales tax on the art work?
The case mentions that Kozlowski had a dislike for paying taxes, leading him to move the corporate headquarters from the United States to Bermuda. Kozlowski liked to invest money to buy goods and services, not to pay the tax bill. Kozlowski's motivation was to take advantage of an opportunity to save 8.25 percent on a large purchase, so that he could utilize the savings by purchasing something else more tangible. Kozlowski violated the property principle by buying the art with company funds, the fairness principle by engaging in unfair dealings, and the citizenship principle by breaking the law.
2. Explain what the concept of comingling of assets with Tyco was.
Tyco and its executives comingled assets, mixing personal purchases with corporate funds, utilizing various schemes to hide or explain their actions. For example, the birthday party for Kozlowski's second wife was also described as a business function, allowing Kozlowski to use company funds to pay for his wife's party. The key employee loan program is very confusing, originally set up to help executives pay ...
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