Is Maximization of corporate profit the mission or main purpose of a corporation? What are other “purposes” and obligations? Present an in-depth “Ethical Guidebook” for executives and managers in a large corporation. Give your comments or examples which supports this case.
This post will be end on 28th monday midnight. The leader of this post was Hema Madda.
The blog discussion was extented one more week upto 5th Monday Midnight.
It is commonplace for CEOs of large American corporations to receive huge paychecks, even when the companies they are entrusted to lead are losing market share, cash and share value. If a company does well, how well should the CEO be rewarded? When the company deteriorates, should the CEO be given a substantial increase in pay? Should the CEO be fired -with an eight -figure severance package? Some numbers to think about, in 1965 the average CEO made 24 times the salary of the average employee. In 2005 the average CEO made 262 times the average employee. What do you think is the Ethical solution to this problem?