CENTURION MECenturion Media
Case Study on Centurion Media
Summary:
Centurion media is a company that is in the business of broadcasting/publishing advertisement and commercials. The president of the Cable TV Division, Joseph Fowler, created a contract with Northpark, a consumer of selling advertisement that has not been sold by the parent company. Richard Bennett, a regional vice president in the Cable Division of Centurion Media. Bennett was one of the people that received this contract without any prior knowledge of the contract and was asked to deploy the content of contract. He was faced with a serious ethical dilemma that would impact his career, family, and co-workers. He believed that a contract executed by the new president of his division, Joseph Fowler, would cause significant financial losses for Bennett's own division and the company. Bennett suspected that Fowler might have a serious conflict of interest, since he owned stock and options in Northpark-the company with which he had negotiated the contract. Bennett was only two years from retirement. If he chose to protest the contract, it would likely have very unpleasant consequences -- including jeopardizing his own financial security. He would probably be fired. Additionally, his actions might endanger the careers of other employees and co-workers. The personal relationship between the CEO of Centurion Media, Chuck Reilly, and Fowler made Bennett's decision more difficult. When Bennett contacted with the general counsel and controller in the corporate office of Centurion Media, they suggested he back off. He was surprised by their stance that the contract, which Bennett thought would be financially disastrous, was in the best interest of the company. The Controller went so far as to remind Bennett how near he was to retirement, emphasizing that he should be concerned about protecting his job. If he chose to protest against the contract, he would probably be fired. Bennett was convinced that If he did nothing, his own
Summary:
Centurion media is a company that is in the business of broadcasting/publishing advertisement and commercials. The president of the Cable TV Division, Joseph Fowler, created a contract with Northpark, a consumer of selling advertisement that has not been sold by the parent company. Richard Bennett, a regional vice president in the Cable Division of Centurion Media. Bennett was one of the people that received this contract without any prior knowledge of the contract and was asked to deploy the content of contract. He was faced with a serious ethical dilemma that would impact his career, family, and co-workers. He believed that a contract executed by the new president of his division, Joseph Fowler, would cause significant financial losses for Bennett's own division and the company. Bennett suspected that Fowler might have a serious conflict of interest, since he owned stock and options in Northpark-the company with which he had negotiated the contract. Bennett was only two years from retirement. If he chose to protest the contract, it would likely have very unpleasant consequences -- including jeopardizing his own financial security. He would probably be fired. Additionally, his actions might endanger the careers of other employees and co-workers. The personal relationship between the CEO of Centurion Media, Chuck Reilly, and Fowler made Bennett's decision more difficult. When Bennett contacted with the general counsel and controller in the corporate office of Centurion Media, they suggested he back off. He was surprised by their stance that the contract, which Bennett thought would be financially disastrous, was in the best interest of the company. The Controller went so far as to remind Bennett how near he was to retirement, emphasizing that he should be concerned about protecting his job. If he chose to protest against the contract, he would probably be fired. Bennett was convinced that If he did nothing, his own