{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

JAI SHAH BIG ESSAY 2 - PRICE OF MORALITY IN BUSINESS

In essence they are able to place the benefit of

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern