[DOWNLOAD] "How Student Perceptions of Ethics can Lead to Future Business Behavior." by Ethical and Regulatory Issues Journal of Legal # eBook PDF Kindle ePub Free
eBook details
- Title: How Student Perceptions of Ethics can Lead to Future Business Behavior.
- Author : Ethical and Regulatory Issues Journal of Legal
- Release Date : January 01, 2010
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 266 KB
Description
INTRODUCTION AND LITERATURE REVIEW Of recent interest is the highly debated situation of American Insurance Group (AIG) and the $165 million in executive bonuses, mostly paid to London traders who created the massive losses that resulted in government bailout money of $170 billion given to AIG. Were the AIG bonuses "legal"? In reality the bonuses were only one tenth of one percent of the total bailout amount. Additionally, AIG claimed they were contractually obligated to pay the bonuses. A government mistake was that there was no consideration of the possibility of bonus payouts in the structuring of the bailout terms by Treasury Secretary, Tim Geithner. Therefore, the AIG bonuses were contractual and legal. However, the question arises as to how ethical the bonuses were, and should there be some obligation on the part of the recipients to repay the money (Reed, 2009)?