The name of the film I chose is "The Big Short." In, 2008 Wall Street guru Michael Burry realizes that some subprime home loans are in the vulnerability of lapsing. He bets against the housing market by investing more than $1 billion of his investors' money in credit default swaps. Because of his actions, Burry attracts the attention of a banker Jared Vennett (out to make as much money as possible), hedge-fund specialist Mark Baum (he wants to prove that the corporate world is corrupt and fraudulent), and other "greedy opportunists".
The movie was a roller coaster ride that left me dizzy, anxious, and angry. I could not but help feel a great sense of sadness for all people that were affected by the economic …show more content…
In the film The Big Short, it clearly demonstrates that greed is overpowering ethical, moral decisions and with the help of the public's enthusiasm, it can inflate a dangerous situation to worst, thus leading to disastrous losses. Even though one of the main characters is conflicted to do the moral thing not bets against the system. There is a scene where he walks out of his office after purchasing X amount of credit default swaps as he says "I am going out to get some moral redemption." Greed is display on the way executives talk about swaps and bonds as just another piece of document. The obscene amounts of money traded are just small change. There are scenes in the film were individuals brag on how much money he's made, and there is part of the movie where executives are blowing their earnings at a club for …show more content…
Palmer, (2009) notes that "good leadership" indicates an influential, effective leadership. Therefore, it implies an ethically responsible leader. However, Lakshmi, (2014) explains that the importance of ethics in leadership as a result of 'effective' leadership may not be the equivalent as management established on ethical beliefs. Ethical leaderships show the efficiency of doing what is right.
Recently, leadership, specifically moral leadership, in the spotlight and are of primary concern. Every component of leadership and its characteristics are being scrutinized and dissected. The scarcity of "respect, honesty, integrity, and trust at the management level of any organization is disastrous for any business (Lakshmi, 2014, 66). In the case of Patagonia, due to its ethical leadership and moral corporate governance any issues that may arise from legal disobedience, or unethical behavior will be dealt with objectively, fairly, and swiftly.
An ethical leader has a significant effect on the manner staff performs in a team and what they accomplish (Brooks, 2013). Effective leaders influence methods, spur a shift in perspectives and ideas, and augment "empowerment" and "self-efficacy" of their supporters, as they promote the "internalization" of corporate vision (Parson,