Recently in August 2010, Rupert Murdoch, the chief executive officer in News Corporation donates $1 million to the Republican Governors Association and another million to the U.S. Chamber of Commerce as a contributions to election-related activity in the United States. He responded to shareholders that he intended gave the money as gift as the result of his companionship. However, the Murdoch did not look into the interest of his shareholders. They are reluctantly for Murdoch to utilize the company money for personal use. In addition, the shareholders consider Murdoch act may result as a potential illegality, but the author stated that Murdoch may not aware of the situation. On the other hand, the News Corporation stated that they are well aware of the shareholders funds for activities; they will utilize it in the shareholders best interest. In my perspective, Murdoch’s action can be considered as unethical but legally. According to the United States laws, any monetary transaction is appropriate to contribute into the political campaign. Murdoch may uses this money to payoffs the politicians or influence the decision makers. Furthermore, Murdoch action is not a potential illegality because by law, the legal standards of bribery of his action cannot met to the evidence of a quid pro quo. Therefore, his temptation cannot result as bribery.
No comments:
Post a Comment