JAI SHAH BIG ESSAY 2 - PRICE OF MORALITY IN BUSINESS

In essence they are able to place the benefit of

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Unformatted text preview: allowing the trader to control his or her money and thus he or she have a moral obligation to look after their client’s money. Because of significant commission based pay by banks, traders are encouraged to make as much money for their client as possible. This may seem logical, but traders often have more information about the good that they are selling or buying and so are able to exploit this knowledge for money. In essence, they are able to place the benefit of their own commission above what profit is made for the client. By doing this they also fail another important job that is expected of them: they neglect their role in maintaining a stable economy for the nation. So by working selfishly, they are sacrificing their socially acceptable morals. The most evident scene of bankers placing their own wealth above those of their clients in Margin Call is when Sam Rogers, a director, is explaining the tactics of the fire sale, which is taking place because turmoil in the markets in the foreseeable future is inevitable. The firm therefore plans on liquidating its assets to avoid greater loss in the future. Although it is not stated explicitly, it is...
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This document was uploaded on 03/02/2014.

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