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Do Companies Who Bankrupt While Owing Back Pay To Employees Have A Moral Obligation To Pay Out Employees? - College Paper

Do Companies Who Bankrupt While Owing Back Pay To Employees Have A Moral Obligation To Pay Out Employees?


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Historically, legal precedent has been set through a process of debentures and subordinate debentures that dictate employees are often the least considered within the bankruptcy process. However, despite the anonymity of corporate entities, all decisions are made by managers capable of recognizing moral factors. The intent of this paper is to examine through philosophical perspectives how managers justify decisions as a part of this process. Therefore the question becomes not whether companies are obligated-but whether management should be expected to have moral culpability.
The decision of whether to back-pay shareholders or to pay employees is indeed a dichotomous proposition - it ...

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the calculus either action is equally good. In this case, this implies similar consequences would result regardless of whether decisions are made cognitively or not. Thus, because no other rule applies, we will appeal to the levels of rules to guide our actions. In this case, our obligation remains with the shareholders, or does it? This may not account for the ill effect upon the employees.
However, despite the anonymity of corporate entities, all decisions are made by managers capable of recognizing moral factors. The intent of this paper is to examine through philosophical perspectives how managers justify decisions as a part of this process. Therefore the question becomes not whether companies are obligated-but whether management should be expected to have moral culpability.
The decision of whether to back-pay shareholders or to pay employees is indeed a dichotomous proposition - it will have the effect of both ameliorating suffering and promoting human flourishing, ...

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Do Companies Who Bankrupt While Owing Back Pay To Employees Have A Moral Obligation To Pay Out Employees?. (2004, August 18). Retrieved December 22, 2024, from http://www.essayworld.com/essays/Do-Companies-Who-Bankrupt-While-Owing/12870
"Do Companies Who Bankrupt While Owing Back Pay To Employees Have A Moral Obligation To Pay Out Employees?." Essayworld.com. Essayworld.com, 18 Aug. 2004. Web. 22 Dec. 2024. <http://www.essayworld.com/essays/Do-Companies-Who-Bankrupt-While-Owing/12870>
"Do Companies Who Bankrupt While Owing Back Pay To Employees Have A Moral Obligation To Pay Out Employees?." Essayworld.com. August 18, 2004. Accessed December 22, 2024. http://www.essayworld.com/essays/Do-Companies-Who-Bankrupt-While-Owing/12870.
"Do Companies Who Bankrupt While Owing Back Pay To Employees Have A Moral Obligation To Pay Out Employees?." Essayworld.com. August 18, 2004. Accessed December 22, 2024. http://www.essayworld.com/essays/Do-Companies-Who-Bankrupt-While-Owing/12870.
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PAPER DETAILS
Added: 8/18/2004 03:50:03 PM
Category: Economics
Type: Premium Paper
Words: 441
Pages: 2

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