Business Ethics
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Should the top executives of the major banks that received bail-out money be allowed to receive large bonuses? Clearly identify the utilitarian and deontological implications of your position. Be clear how your answer respects basic rights and has consequences that are for the greatest good.
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Solution Summary
This solution provided reasons on why top executives should not receive large bonuses as well as the implications.
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The top executives of the major banks that received bail-out money should not be allowed to have large bonuses. Let us look at it from the management perspective, and then as the consumer. From management, they earn thousands or possibly millions of dollars a year. Each of them work hard to keep the company running, and to make sure that workers are complying with policy and procedure on a daily basis. This is not always an easy job, but somebody has to do it because it helps to ensure that profits are coming in on a daily basis from anyone who uses their bank. They have loans and credit cards available in which they can take advantage of the consumer, which is usually the case. Each bank is government ran by FDIC. FDIC makes sure that they are complying with federal and state ...
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