The Business of Double-Effect: The Ethics of Bankruptcy Protection and the Principle of Double-Effect

After the terrorist attacks of September 11, 2001, most legacy airlines filed for bankruptcy protection as a way to cut costs drastically, with the exception of American Airlines. This article applies the Principle of Double-Effect to the act of filing for Chapter 11 bankruptcy protection for reason...

Full description

Saved in:
Bibliographic Details
Published in:Journal of religion and business ethics 2015-01, Vol.4 (1)
Main Author: Kuo, Henry S
Format: Article
Language:English
Subjects:
Bankruptcy
Bankruptcy reorganization
Cost reduction
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:After the terrorist attacks of September 11, 2001, most legacy airlines filed for bankruptcy protection as a way to cut costs drastically, with the exception of American Airlines. This article applies the Principle of Double-Effect to the act of filing for Chapter 11 bankruptcy protection for reasons of management strategy, in particular, cost-cutting. It argues that the Principle can be a useful tool for discerning the ethicality of the action, and demonstrates the usefulness by proposing three double-effect criteria that, when fulfilled, argues for the ethical justifiability the action in question.
ISSN:2153-0319