The Business of Double-Effect: The Ethics of Bankruptcy Protection and the Principle of Double-Effect

Journal of Religion and Business Ethics 4 (11):1-25 (2020)
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Abstract

After the terrorist attacks of September 11, 2001, most legacy airlines filed for bankruptcy protection as a way to cut costs drastically, with the exception of American Airlines. This article applies the Principle of Double-Effect to the act of filing for Chapter 11 bankruptcy protection for reasons of management strategy, in particular, cost-cutting. It argues that the Principle can be a useful tool for discerning the ethicality of the action, and demonstrates the usefulness by proposing three double-effect criteria that, when fulfilled, argues for the ethical justifiability the action in question.

Author's Profile

Henry S. Kuo
Greensboro College

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