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The summary of this article by John Orlando showing the understanding of his point of view - Essay Example

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The summary of this article by John Orlando showing the understanding of his point of view

Morally wrong: It is morally wrong to downsize a company due to profitability reasons because it in effect causes a lot of harm for little benefits. The author says that one some aspects, harms and benefits are "incommensurable" - meaning it does not entail merely the loss of income on the part of the workers. He says that some statistics demonstrate that downsizing also leads to loss of homes and even to suicides. On the other hand, since investors in large corporations tend to diversify their assets, they only gain minor benefits when stock prices rise. He points to a distinction when downsizing is a means to an end: It is morally reprehensible for a CEO to layoff workers, consciously knowing that the act would boost the stock price of company as differentiated from an act when a company downsizes to boost productivity.
Legitimate Expectations: For a worker, having a secure job is tied to his fundamental well-being. ...Show more

Summary

Downsizing to merely increase profits according to John Orlando requires careful analysis of harms and benefits that will befall the parties involved. The two main parties involved when corporations downsize are the workers who are harmed not in just terms of their lost jobs or lost of source of income, and the shareholders who gain benefit due to increased stock price or increased profits of a company.
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The summary of this article by John Orlando showing the understanding of his point of view essay example
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