Executives in large corporations are ultimately rewarded with big bonuses if their companies do well, particularly when there is rising stock prices. In ethics the question often is, "Just because you can, does it mean you should." Should we let those who run the corporations decide what level of negative side effects of their goods or services is “acceptable”? What are you thoughts?

Executives in large corporations are ultimately rewarded with big bonuses if their companies do well, particularly when there is rising stock prices. In ethics the question often is, "Just because you can, does it mean you should." Should we let those who run the corporations decide what level of negative side effects of their goods or services is “acceptable”? What are you thoughts?

Similar questions

UserChoose one of Confucius's teachings and describe how that principle relates to the military ethical perspective. Does it support your perspective or contrast with your perspective? How does this principle compare to one of the other ethical perspectives covered in Chapter One (Utilitarianism, Altruism, etc.)? Is it quite similar or quite different?
What is CSR, and why is it important? Thinking about the organization where you work or one you are familiar with, how does the company engage in CSR? Does it do all that is reasonable to do? Why or why not?
Use movie the proposal to answer questions in terms of business ethics 1. What makes this situation unethical? 2. What would you do if you were in this situation? 3. Do you agree or disagree with the outcome of the situation?
Before responding to the questions below ask yourself the following: 1) is it true that “…doing what's best for society necessarily means sacrificing profits,” 2) are shareholders the only important and influential stakeholders in deciding how best to pursue corporate objectives, and 3) is government regulation, supplemented by self-regulation and civil society, the most effective way to strike a balance between profits and the public good? Based on your individual conclusions regarding the above, answer the following questions: Are profits and the general welfare basically incompatible? Why or why not? If you believe CSR requires the sacrifice of some amount of profit, what amount is appropriate? Is that amount the same for all firms in all industries? How should the CEO decide?
It is! With ethical questions in business, you can weigh different factors and consider: How the decision might affect the common good of society at large and the greatest moral virtues: prudence, temperance, courage, and justice. How the decision might affect our stakeholders and profitability; whether the decision is consistent with our company's values; and how the public would react if they found out about our decision.
A lot has been said about business and ethics. Is it a real problem?