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| Topic: |
Philosophy
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| Number of pages / Number of words: |
8 / 2225 |
Essay's paper body
But Wall Street executives used that money to enrich themselves instead using that money to come out of the crisis (Shear, 2009).
The ethical conflict that this situation brought up is that this people receive money from tax payers, and the main purpose of this loan was to ensure that this money is use toward helping middle class individual to relieve from finance collapse, but instead they use for the own well being showing any remorse for those individuals who are struggling and even in the edge of living on the street with their entire family...
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The ethical change is that these executive became greedy and they saw a big opportunity to secure their selves interest by given themselves higher bonuses comparing to last years.
“Mack received no cash bonus a year ago but received stock and options worth an estimated $40.2 million, well above his $800,000 base pay...
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