Essay about Shades of Gray (Ethical Behavior)

1764 Words Sep 2nd, 2012 8 Pages
The problem to be investigated is looking into shades of gray when it comes to ethical behavior. For years, companies have been operating within the law yet displayed very questionable behavior. Companies like Goldman and Sachs utilizing questionable trading techniques in order to gain a financial profit while leaving behind companies in the dust and eliminating hundreds if not thousands of jobs in the process. Ethics is more than doing what’s right or wrong. It’s a way of life and how we can have an effect on others.
Question 1: Go back through the case and make a list of each action or practice that could be called a gray area.
The Layering Strategy: This was formulated in the late 1920 as a way to utilize one company’s money to
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As a result of the earnings record, the firm’s compensation and bonus plans meant that its bonus pool totaled $20 billion. CEO Lloyd Blankfein and the top four executives received $9 million in stock as their bonuses, and amount that was about one-half of the bonuses paid to Jamie Dimon, the CEO of JPMorgan Chase and just a fraction of Mr. Blankfein’s 2007 bonus of $65 million.

Question 2: Evaluate each of the actions or practices using ethical analysis models other than the questions, “is it legal?”
These companies that participate in unethical practices usually have a very short shelf life. Many companies that knowingly act in such unethical behavior usually have one thing in mind. Make a lot of money quick and move on, many of which are considered fly by night operations and show characteristics of multiple name changes and address, and change of ownership. With today’s technology, we are able to research companies and get great feedback from other customers. With the internet, word of mouth reaches a whole new level. Many ask is it legal. Well technically, yes. That does not mean it makes it right.
According to Dr. Duane C. Tway, Jr., as he published in his 1993 dissertation, A Construct of Trust, trust is, "the state of readiness for unguarded interaction with someone or something." With that said, a company with a high level of cultural trust has to lead by example from the top down. A social relationship that has trust as a

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