6. Suppose the travel agent asks you who the third party is. What should you say?
We have already established that you have no obligation to inform the company of what your
boss is doing. If a company official were to ask you this question directly, you might be bound
7. No oversight at the brokerage. I was a retail stockbroker working on a team that catered to
high net worth speculative investors. One night I had some spare time, so when our team risk
report arrived, I decided I could do a favor for the teammate who normally signed off on risk
reports and take care of it myself. I was astonished to find that she had not done any oversight
for weeks. As a result, we had been in violation of New York Stock Exchange regulations for
quite a while, and dozens of client accounts were illegally overextended. Three accounts had no
equity left, and our firm was stuck with hundreds of thousands of dollars of customer losses. My
teammate had signed off on all of the daily risk reports, attesting to our accounts being in good
standing. This was a shock, given that we were a tight-knit group. The problem had to be
corrected, but I didn’t want to be the one to expose it. Revealing the lapses would embitter my
manager and teammates and perhaps invite reprisals. It would do nothing for my advancement
and would poison the collegial atmosphere of our team. I wanted to look the other way and let
someone else discover the problem. Did I have an obligation to speak up? Hint: How does this
case differ from the above?
This case differs from the above in that monitoring risk is this employee’s direct responsibility,
while monitoring expense accounts was not a responsibility of the employee in the previous case.
8. Reporting cheaters. While an undergraduate student I witnessed three friends cheating on an
exam. If caught, they would be expelled from school, which could bar them from finding a good
job or getting into another school. They were smart, and the exam was relatively easy, but they
cheated nonetheless. Should I have turned them during the exam or just let it pass and talk to
them about it later?
There could be a utilitarian obligation for turning in a cheater, if letting an ignorant student get
Failure to turn in the cheater is generalizable. The reasons for not turning in a cheater are