BU 209- Leadership and Team Dynamics
On the out(a)side feeling in you can make tout ensemble the assumptions you want and guess whatever you what to say about the bonuses that are paid to vellicate executives that perform well even when the comp either is doing poor. From an ethical base its not unethical to pay tidy sum property you are contractu every last(predicate)y obligated to pay them. Even if doing so makes you, or other lot, want to pull your hair out. Its the right social function to do. Not always because the person getting the money deserves it, hardly because you promised to pay. From an ethical standpoint there are many contrasting arguments that can be applied to bonus payout, contracts, and bon ton performance.
AIG move up much controversy back in 2009 when treatment got out that they would be paying out bonuses totaling up to $ one hundred sixty-five million from the bail out money they receive from evaluate payer which was $ 170 million (Andrews& Baker, 2009). Many were outrage and demanded that all the money be paid back, and asked how the government could allow such(prenominal) unethical thing to happen. However most if not all member of congress were outraged as well.
President Barack Obama verbalise Its hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in spare pay. How do they justify this outrage to the taxpayers who are keeping the company afloat? and In the last six months (Andrews& Baker, 2009). Senator Richard Shelby (Republican, Alabama) said These people brought this on themselves. Now youre rewarding failure. A lot of these people should be fired, not awarded bonuses. This is horrible. Its outrageous. The American people wanted the money back right away however the bonuses were paid out because AIG was obligated to do so.
Business ethics went down the conk out when AIG paid bonuses out to their employees with bail out money they authentic from the...If you want to get a full essay, order it on our website: Orderessay
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