Gordon Gekko was full of it. Greed isn’t good, and the Hacienda Hills Country Club lottery ticket affair proves it. It is also an example of when the legal resolution of a controversy is very complicated, but the ethical verdict is a cinch.
For nine years, 72 year-old Jeanette French was part of the group of retirement community residents and employees at the Villages’ Hacienda Hills Country Club that pooled money each week to buy Florida lottery tickets, each putting in a dollar. She didn’t make it to the Golf Shop where the group met one lottery day, but that French didn’t think that was a problem: the established practice was that another member of the group would put in a dollar for the missing member, who would pay him or her back the next day. The day that Jeannette had other commitments, her group bought what turned out to be the winning ticket, to the tune of $16 million in the Florida lottery.
Yippee! Jeanette’s seven good friends, however, now argue that she has no right to a share of the winnings, because nobody put in that dollar for her. Continue reading