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

Journal of Religion and Business Ethics 4 (11):1-25 (2020)
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Abstract

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.

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2020-12-25

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Henry S. Kuo
Greensboro College

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References found in this work

Proportionality in the Morality of War.Thomas Hurka - 2004 - Philosophy and Public Affairs 33 (1):34-66.
Natural Law and Business Ethics.Manuel Velasquez & F. Neil Brady - 1997 - Business Ethics Quarterly 7 (2):83-107.
The hermeneutical function of the principle of double effect.Peter Knauer - 2000 - In Christopher Robert Kaczor (ed.), Proportionalism: for and against. Milwaukee, Wis.: Marquette University Press. pp. 132-162.

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