Legal and Ethical Issues in Management Essays

Submitted By chrissywadsworth
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------------------------------------------------- problem-solution analysis paper
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2013
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Submitted by:
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Christian Wadsworth
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------------------------------------------------- submitted to:
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Dr. terry sullivan
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leagl and ethical issues in management
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spring term 1
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January 20, 2013
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Milton Friedman would have felt that the decision made was to be decided upon by the government and paid with tax dollars (Halbert and Ingulli, 2012, Chapter 1, p. 11). However, the goal of a business is to be profitable for the shareholders, and not to simply pay the CEO. He would not have felt that providing the CEO’s with large compensation was acceptable because the shareholders were not benefiting from these pay packages.
Friedman would have evaluated the legality of the incident (Halbert and Ingulli, 2012, Chapter 1, p. 12). If the financial institutions hadn’t broken any laws he felt they have the right to voice their opinion (Halbert and Ingulli, 2012, Chapter 1, p. 12). The actions the financial institutions took prior to the downfall was to increase the shareholder investment. Only in hindsight did they know it was going to be a failure. Friedman would not have felt the government should step in prior to this incident because he supported minimizing government interference with personal freedoms
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