Question

read about the wells fargo account fruad case scandal then apply the three ethical theory test ( utilitarinism, kantian ethics, and virtue ethics) to show how they acted unethically.

Answer 1

In wells Fargo account fraud case scandal following are the application of three ethical theory test;

1. Utilitarinism : Under such theory actions were take for betterment of society and victims by federal agencies in which compensations were awarded and fine were imposed on wells Fargo, it also resulted in later transparency and vigilance, however banking is widely spread and millions are also connected though involuntarily.later wall street also get benefited through stability and amendment of laws due to which strict and stringent curb on banking and economic activities could be imposed. State get plenty of fine which ultimately can be used for common cause.In this case unethical acts can be shadowed as good deed if it results in common good.

2.Kantian ethics: It basically believe that work should be done towards inclination and everybody should be treated equally, and work should be done because duty demands. In wells Fargo case employee of bank did as per kantian ethics.they were force to open accounts and cross selling regardless of morality.although everything was unethical but duty of employee can be justified in such test.

3.Virtue ethics: under virtue ethics morality dominate and even resulted in good are ignored, and duty demand is also overlooked. under this case there was infringement of morality, honesty, integrity ,even coercive measures were adopted and under such test ,wells Fargo Case get failed and can not be justified..