Ethical Decision Paper US Foodservice Caught Cooking the Books
When making a decision, it is the prerogative of the decision maker to put together a plan that not only satisfies the requirements of the issue at hand, but it must also follow a set of guidelines to make sure that it follows all involved laws and, to a lesser extent, it must follow the ethical standards of the person or organization. The Elements of Ethics in Decision Making The set rules and implementation of ethics in decision-making are, for lack of a better term, very vague. ... Department of Commerce: Because the point of the paper is to discuss an ethically questionable decision, and because I am also involved in the foodservice distribution business, I would like to use the example of USFoodservice “cooking the books” to show an additional $500 million income that was non-existent or unable to be accounted for. To give a brief history, the foodservice business is a $500 billion per year industry. ... In a nutshell, the distributors technically make more profit from purchasing the product from a manufacturer than they do selling it to a foodservice operator or end user. ... Those of us in the business are fully aware of what the foodservice market has become and wished that something would come out to the public and FTC that may limit these sheltered income programs. ... This decision was very risky, but in order to protect the stock price and appease Royal Ahold, it appears that the profit numbers needed to be increased as much as possible, mostly due to associated costs with USFoodservice’s purchase of Alliant Foodservice in 2001.