Week 2 – Discussion
Discussion
Many believe that the dodgy actions of some bankers in the years leading up to the financial crisis were encouraged by a competitive culture in which success was measured by the number and profitability of each person’s deals. In light of such a culture:
Discuss the following:
- i) The reason the firm exists (the goal of the firm)
- ii) Remedy for unethical practices (10 points)
(Further explanation: you need to discuss the role and/or the goal of corporations. Next, you offer some of the unethical corporate practices that may have led to financial turmoil or sowed the seed of their demise (going to jail or huge fines). After that, offer some possible solutions to curb such unethical practices. Do some research on the topic and make sure that you provide the references at the bottom).
