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should corporate missions be restructured to profits contingent upon ethics?

Discussion in 'Controversial Topics' started by nittiley, Jul 13, 2012.

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  1. nittiley

    nittiley Banned Thread Starter

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    optional if anyone wants to debate it..

    should a corporation's sole function be to incur profit, or should it have mandatory ethical safeguards in place?
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    1 example of, sadly, so many horrific breaches in today’s corporate world.

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    more lives ruined, destroyed, or impacted negatively -- except in a less obvious way when compared to the above example.

    a 2003 article below, still pertinent. unethical business practices benefitting the few at the expense of many appears to be destroying what capitalism was suppose to be.

    on the republican side(1 of a likely very long list!), *temporary owners* destructively seeking quick money describes bain capital. we also have jon corzine of mf global for the democrats, & PFGbest is officially listed as an apolitical organisation.

     
  2. Wino

    Wino

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    If we would adopt the Chinese method of handling miscreant and crooked corporate people - execution - I believe the possibility of wrong doing by them would be greatly reduced - not eliminated, but reduced (after all the DP does not prevent people from murdering - it just prevents them from doing it again).(y)
     
  3. pyritechips

    pyritechips Jim

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    My business knowledge is almost non-existent and I don't track socio-economic trends but from what I have seen there tends to be a drift away from ethics in business and a focus on profit-above-all-else policy. I did see a documentary about the toxic derivative market that interviewed the very people that developed the technique. They were very frank and candid about what they were doing and how, despite feeling that it was wrong, were seduced by the extremely large profits that they were earning.
     
  4. nittiley

    nittiley Banned Thread Starter

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    you can't kill them :eek:! (surely you jest..) they have to be re-trained & given new jobs.. maybe harvesting produce on a seasonal basis, or working at walmart for a while would expand their horizons! (y)


    agreed -- the financial sector seems to have internalised a lack of ethics, at least considering this (only 1 -3 of the excuses..).


     
  5. poochee

    poochee

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    The love of money is the root of all evil. I expect no change.
     
  6. buffoon

    buffoon

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    actually, rather not.

    Seeing how the title holds a question and challenge and thus provokes answers that are most likely to arouse controversy, it's been changed to debate.
     
  7. Drabdr

    Drabdr Moderator

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    Well... I tend to not engage in Corporate Greed discussions, as I feel a lot of it is Class Envy talk.

    However, the Penn State instance is totally unacceptable. To put the Game of Football above the well-being of kids and any hint of moral decision-making... is sad.
     
  8. Bastiat

    Bastiat

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    You all of course realize that Penn State is, in fact, a state created not-for-profit corporation and therefore has no profit motivation. :rolleyes:
     
  9. 1956brother

    1956brother

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    todays, corperate world is profit above everything else. even, worse for the most part it is short term profits not long term goals.

    when, an employee is looking to get a eight or nine figure salary plus bonus at the end of the year, do you really think he/she cares about ethics ?

    i love it when, corpertations talk about maximizing shareholders returns. this is pure bs. they want to maximize their own returns.

    in todays corperate world it will never happen.

    as the man said "greed is good" in todays world it is only about greed...for themselves.
     
  10. ekim68

    ekim68 Mike

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    Even the Non-Profits are profits for someone. I heard that the CEO of United Way rakes in well over $500,000.00 a year...:confused:
     
  11. poochee

    poochee

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    I check before I donate. I dropped them a long time ago. http://www.charitywatch.org/aboutaip.html
     
  12. buffoon

    buffoon

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    .........having a hopeful spell, are we?:D
     
  13. Littlefield

    Littlefield

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    But the football program has profit motivation ;)
    http://www.csmonitor.com/USA/Latest...l-Louis-Freeh-report-hurt-Penn-State-football

    http://www.forbes.com/sites/chrissmith/2011/12/22/college-footballs-most-valuable-teams/
     
  14. Bastiat

    Bastiat

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    And the state subsidy to the college is reduced. There is no profit and the quoted statements are misleading. Yes the football program generates more than it costs but that additional income goes back to the college and offsets operating costs paid by the state of Pennsylvania.
     
  15. Bastiat

    Bastiat

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    You of course realize how silly this sounds. First, you are comparing corporate profit to someone's income. :confused: Second, you make it sound like people who work for non-profits i.e. United Way (as opposed to not-for-profits) are suppose to work for free. Can we agree that's silly?
     
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