Professional Documents
Culture Documents
Wirecard’s Management used an Act Deontological Ethical Theory in their actions because
they applied their own moral judgment – that end will justify the means, that committing fraud is
the option in order to expand the growth of their company.
Wirecard CEO Markus Braun is at the Level 1 Stage 2 of Kohlberg’s CMD because he is
inspired by his personal ambitions to become a “Steve Jobs”-like figure in the German corporate
landscape. This is why his business decisions are patterned on his desired for his company to
continuously grow and break records, regardless of the methods he use in attaining it. Wirecard
CFOs on the other hand are in the Level 1 Stage 1 for they simply obeyed the maneuvering of
Mr. Braun from their fear of punishments should they fail to align with the CEO’s ultra-ambitious
goals.
Gilligan’s Ethics of Care is applicable in the Wirecard Fraud because it is the foregone
opportunity – the missed bridge – in Wirecard’s road to success. Instead of choosing the
“bridge” where no one is harmed or harm is minimized, the management opted for the be it
shorter “bridge” which is commitment of fraud which led to the company’s demise.
2.
All four Social Justice Components are important because without any, common good is not
achieved. However, Commutative Justice is crucial in this scenario because Wirecard was
unable to return the investments and applicable earnings to its investors and stakeholders after
its demise.
In the three interdependent activities, we underscore the need for Good Wealth especially
Sustainability in Wirecard. Wirecard’s profit grew because of fraud and its downfall resulted to
losses borne by its investors, creating poverty.
Another important concept, Faith Based Servant Leadership, is missing in CEO Markus
Braun. The demands of his business is great, but instead of aligning his principles with those of
ethical, social principles, and be a good Christian in all facets of life he chose a path entirely on
his own – a path leading to chaos for its stakeholders and himself.