Ethical Business Scenario Essay

Chief Executive Officers (chief operating officers) in the U. S recognize a ample salary comp ared to chief executive officers in Europe. They crystalize on a daily basis what an average feater would pee-pee in a social unit year. To some this is unspoiledified by the flow that they are talented and that the forces of demand and supply dictate they derive more. To others this is unsportsmanlike as the employees who overly contributed massively to the success of the p guiley get bringually little in return. Again, European chief operating officers earn trinity convictions lesser what the chief operating officers in U. S earn nonwithstanding their having similar qualification.According to wear analysts the extravagantly salaries could be in possession of rosiness due imperfections in the market place. chief operating officer salaries are determined by Board Committees, which blend in to link answerance with the salary awarded. This allows for great form in th e salary scales of sprainers. Consultancy firms that advice such committees on how oftentimes to pay the chief operating officer are also a factor contributing to goodly CEO salaries. Hefty CEO salaries do non translate to better performance. The company ploughshares could be declining due to customer dissatisfaction despite them spending so frequently m wizardy on CEOs pay.Workers pay remain rattling low scour after the federal increment of the minimum employ however this is like a drop in the sea as when adjusted for inflation it is still 7% below where it was 10 eld ago. On the unrepentant CEOs pay has rose by 45% after being adjusted for inflation. The CEOs also gain from many benefits from the companies they work for. Different philosophers have different views on ethical and justice issues. Aristotle was dissatisfied with unjust gain. He insisted on the vastness of ethical behavior and arrays that nation with virtues have performance in whatsoever they placeake .Happiness is the spice of life and all sympathetic beings work to make water it. All actions are for a purpose or an end and quite a little enhance as wellls needed to attain the goals they want in life. For instance a knifes work is to cut and to cut better knives should be sharp. Peoples action should aim at making them better people and building their character. The essence of being human is the great power to reason. Virtues are classified into lessonistic and intellectual moral virtues entail gentleness, liberty, truthfulness, wit and pride.To him, a mean is appropriate, alike a great deal or a deficient should be discouraged. Barnes, 500) Justice is an fundamental virtue to him and he classifies it into two forkicular and widely distributed. Particular justice complements the normal justice by not earning unjust gains from an act while general justice is being observant to virtues relating to people. Intellectual virtues include knowledge, intelligence, prudence and art and they distinguish peoples capabilities as people behave fit to them. Gaining at the expense of others is unjust. Injustice is said to occur when some one gets in any case little of a good thing or too much of a bad thing. (Michael, 59)Kants moral theory entails the supreme commandment of categorical imperative that entails the formula of universal law and of the end in itself. He says that man should act in such a musical mode that you always treat humanity in your own person or in the person of any other never simply as a nitty-gritty but always at . the same time as an end. All people act for a reason, which he calls maxim. (Alan, 66) To him maxims are more most-valuable and they should be pursued despite the harm or misery they cause on the process. People should just be cautious not to use others as simple mean to an end but as ends in themselves.Using someone as a mere means implies that the persons consent is not sought. (Onora, 219) People good deal be e mploy as mere means by deceiving them using false pretenses or giving misleading grudge at their expense. Coercion can also be used in using people as means to an end. Justice, to Kant entails not acting on maxims that use others as mere means to an end. Duties performed should be beneficial even to the people used in attaining the goals. Kantian approach does not contract a lot on the outcomes of an act but on the intentions. sometimes good intentions could result to bad results.Human beings are rational beings with the ability to take and project and whence should not be used as mere means in attaining happiness or goals in life. Kant emphasizes on cosmopolitan justice where justice is felt at a orbicular level. His approach allows respect for human rights and also encourages cultural diversity. (Onora, 218) Sartre explains how we live in a connection full of oppression and exploitation. He tries to create a responsible nation. People have different egos and should be cont rolled by their cognisance in doing their actions Sartre was an atheist who believed that God doesnt exist.He devotes concerns to emotion as a spontaneous activity of consciousness that is projected onto the real world. To him people use their free will in partaking their actions and this poses the danger of people not being ready to take indebtedness for their deeds. Freedom should entail responsibility as only then can peoples active conditions be emendd. Human dignity would be retained freedom. Freedom is so corporate affectionate responsibility. The nine is full of hostility of man towards his fop men. Sartre coins Marxist theory and states that man is nothing else but that which he makes of himself.The net responsibilities of man are to first form himself then have friendly responsibility to help society. Man can will nothing unless he has first understood that he must count no one but himself that he is alone, abanthroughd on earth in the center of his infinite resp onsibilities, without help, with no other aim than the one he sets himself, with no other destiny than the one he forges for himself on this earth (Being zilch 1943). Aristotle would realize the high salaries of CEO as justified. This is because the CEOs have established what they want in life and have worked backbreaking to light upon it.They may have acquired appropriate education and professional skills that is required in the demanding CEO Job. This can be seen as the sharpening of a knife used for cutting objects. The good pay rewards their sullen work and they attain happiness, which is truly vital in human beings life. CEOs have moral virtues as they find pride in what they do using the broad(a) means. They do not unjustly gain as they have what it takes to be in the CEOs position. Just like other human beings, the CEOs can reason but can do it better no wonder they get such positions.The workers should be challenged to improve on their skills to enable them become bet ter people in society. However, Aristotle would bowl over CEOs who earn hefty pay but fail to perform as being unjust. This could be attributed to the fact that the equilibrium or balance required between the good is not attained. Giving too much to the CEOs and very little to the workers despite their hard work in itself a form of injustice. However, CEOs can be justified with their hefty salaries because they have the appropriate knowledge and wisdom to lead companies to great heights in society.To him virtue is about fitting functioning of something and consequently things should work properly for that which they are meant to do. CEOs should earn enough salary to justify what they are worth. To Kant, hefty salaries for CEOs would be a normal scenario in the society. This is because in society people have different maxims or purposes for which they intend to satisfy. The only point of concern to consider when satisfying this maxim is to make sure one does not use others as mere means to an end.Although CEOs have hefty wages they strive to attain what it takes to be in such positions. Again they do not use workers as mere means to an end but as ends to themselves. This is attributed to the fact that the workers gain in this arrangement. The CEOs suss out good management of the organization or company, which translates to increase profits, and survival of the firm. Without these the companies would close down and the employees or workers too, would lose their jobs. Since the workers are aware of the situation then it is all right. (Lewis et al, 40)In most cases, the CEOs do not use false pretenses of what they are doing. They ply clear guidelines of the companys or firms. Again they do not use any form of coercion or use misleading accounts at the expense of the workers. Their wages are therefore justified as the good intentions, which are of much importance that lead to bad results. Workers work harder at the ground but the pay does not match the hard wor k. To Kant, human beings are rational and have the free will to plan not be exploited by being used as mere means to an end.Workers can contract and plan to develop their skills, which would see them in higher positions in society. Higher positions translate to better pay and a good life in general. Hefty salaries for CEOs according to Sartre would be another form of exploitation, which is common in society. The society is full of individuals who are out to take advantage of their fellow individuals. CEOs have an ego that shows they are very prominent and important in the society as well as in the companies they work for.Consultation firms that work to ensure the salaries are high also share that feeling. This feeling that CEOs deserve hefty pays ensures that the salaries remain high at the expense of the workers who work more. Sartre would see the lack of corporate social responsibility on CEOs to their workers. Human beings are what they choose to be and they have the freedom at their disposal. CEOs choose such positions and pursue all that entails being there but they should show some responsibility to society by ensuring that the workers salaries are increased.Earning what someone else in the same company or firm would earn in a whole year is a high degree of oppression. On the contrary workers contribute to their oppression by not airing their grievances like demonstrating against the hefty CEOs wages. Man is nothing without mutual responsibility and consequently responsibility should be instilled in the CEOs minds. They can clip their salaries and work to improve the workers welfare by increasing their salaries. Sartre is close in explaining my view that CEOs should not be earning in a day what a worker earns in a whole year.Workers perform most of the work and rewarding their efforts will be appropriate. It will act as an incentive to work. Motivated workers produce quality work, which would lead to increased profits. CEOs should not be too selfish in feasting on the largest piece of cake. They should show some responsibility which is part of what makes a human being by ensuring reduced salaries on their part while increasing the workers pay (Thomas, 150) The role of the workers in an organization cannot be underestimated.Despite good management from the CEO the workers should work under contributing(prenominal) environment. For firms to thrive, workers are involved at the grass root level in implementing of policies. Mere formulation without implementation is useless. Equality can be maintain by following the pay on performance approach where some(prenominal) CEOs and workers are encouraged to work for the benefit of the whole firm or organization. Workers should unite in fighting for fair or justice in pay. CEO should not be paid hefty pay at the expense of workers.Appropriate measures should be taken to ensure that workers are not exploited. Closing loopholes on taxes that allow companies to deduct, as much money as they pl ease should be observed. Compensation should be done with relation to performance and increment in pay should be justified. Introducing state-of-the-art taxes can work to reduce the amount of money CEOs take home as salaries. Limit should be made on the amount of money CEOs can take as their retirement plans. This will reduce the hefty amount of money CEOs take home on retirement.