Please refer to the attached document for the 'Tyco: I'm Sure That It's a Really Nice Shower Curtain' case study. This was a summary regarding Tyco's CEO Kozlowski legal issues.
Please take this extra information into consideration:
The authors suggest 8 governing ethical principles which taken together they call: The Global Business Standards Codex (GBS Codex). These 8 principles to create or evaluate a Code of Conduct and their most important aspects are:
1. The Fiduciary Principle (Diligence, Loyalty).
2. The Property Principle (Protection, Theft).
3. The Reliability Principle (Contracts Premises, Commitments).
4. The Transparency Principle (Thruthfulness, Deception, Disclosure, Candor,
5. The Dignity Principle (Respect for the Individual, Health and Safety, Privacy and
Confidentiality, Use of Force, Associatiation & Expression, Learning &
Development, Employment Security).
6. The Fairness Principle (Fair Dealing, Fair Treatment, Fair Competition, Fair
7. The Citizenship Principle (Law & Regulation, Public Goods, Cooperation with
Authorities, Political Noninvolvement, Civic Contribution, .
8. The Responsiveness Principle (Addressing Concerns, Public Involvement).
Kozlowski's motivation for trying to avoid paying sales taxes on the artwork he purchased was a combination of factors. The case states, Kozlowski had a "distaste for paying taxes" (p. 2), to the extent that he moved the corporate headquarters out of the country. He also co-mingled funds, seemingly without care, throwing elaborate personal parties with corporate money and abusing his position.
Kozlowski violated the fiduciary principle in this manner. He failed to be loyal to the company and put his personal desires and interests ahead of the organization instead. His behaviour outlined throughout the case shows Kozlowski's inability to be loyal to the company, ...
This solution describes the motivation behind Tyco's CEOs action to buy artwork without paying sales tax, using the example of the eight ethical principles to support the argument. Includes APA formatted reference.
Business Ethics Principles: Tyco case study
Summarize the overall viewpoint of the author, and discuss the major issues presented in the case.
Answer these three questions using the business ethics principles:
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?
The summary of the author's viewpoint and your discussion of the major issues presented in the case must be in paragraph form. However, the responses to the three Questions for Thought can be answered either in paragraph form or as a numbered list.
Please cite all 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.
Tyco Case Study can be found at: