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by Bhavin Gandhi
Have you ever thought why big companys CEO can cash in on millions of dollars in bonuses and still remain untouchable by Federal Government? Have you ever thought why media always talks about ethical issues, and nothing ever happens to those people? Recently, I was watching a documentary on how big companies are moving their IPs (intellectual properties) to Ireland, and paying only 15% taxes there instead of paying 35% tax in United States. Then I asked myself a question.. Is this legal? The answer came out to be. YES. They are not doing anything wrong legally. So, government in United States cant do anything about this. This raised an another question in my mind.. Is it ethical? .. And surprisingly the answer came out to be as YES. And here is why
rule. For example: If you think that its not an ethical practice for people to do insider trading on the basis of the insider information, and if you want to change that then you might want to change the law which punishes those people. Unless you put that law in practice, you will always find immoral people, who will be using their insider knowledge to make huge bucks for themselves. At the end, ethics shrink down to morals and personal belief of that particular individual, who is running that business. Because there is nothing clearly defined in the books, which will prevent this person from taking unethical decisions.
Bhavin Gandhi | February 27, 2012 at 2:27 PM | Tags: 21st century, Business Ethics, CEOs,Challenges, Cultural Change, Ethical Issues, Ethical laws, Ethical Standards, Leaders of Tomorrow,Leadership, Leadership Failures, Management, Moral Codes, Self awareness, Unethical behavior, Work culture | Categories: 21st Century, Leadership, Management | URL: http://wp.me/p103Cm-6O
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