Eth 501 Case 1 May 2010

It was difficult to turn on the news a meet of years ago and non hear something about the banking effort receiving bailout funds courtesy of the taxpayers. A problem that some(prenominal) battalion had with this action was top executives of these banks receive extremely large bonuses from the taxpayers voteless earned dollars. There is no justification for this and they definitely should not have received these bonuses, especially when many of these taxpayers live on meager wages and live paycheck to paycheck. Some of the many reasons they should not have received these bonuses are that this action hurts more than pot than it benefits, executives should not be payoffed for failing, and the taxpayers should have the right to not have their money go to waste. Executives receiving excessively large bonuses benefits farther less people than it hurts and is not for the greater dangerous of the superlative amount of people. The top 200 bonus recipients from J.P Morgan Chase & Co. and Goldman Sachs company Inc. total approximately one billion dollars each . J.P Morgan had 1,626 employees who received a bonus of at least one cardinal dollars last year, while Goldman Sachs had 953 receive one million or more. Citigroup Inc. had 738 receive one million or more, Merrill Lynch & Co. had 696, and Morgan Stanley had 428 (Freifeld, 2009).

Were public lecture about thousands of people receiving billions of dollars from millions of taxpayers. This obviously hurts far more people than it benefits and is definitely NOT what I would call the greater good for the greatest amount of people. A bonus is a reward and rewards should not be given to those who fail. Its common knowledge by now that the banks failed because of poor business practices. When the banks did well, their employees were paid well. When the banks did poorly, their employees were paid well. When the banks did genuinely poorly, they were bailed out by the taxpayers and their employees were still paid well. Bonuses and overall compensation... If you hope to get a full essay, order it on our website: Orderessay

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