Bank Executives Bonuses

July 30 (Bloomberg) -- Citigroup Inc., Merrill Lynch & Co. and seven other U.S. banks paid $32.6 one million million in bonuses in 2008 while receiving $175 billion in taxpayer funds, according to a report by New York lawyer General Andrew Cuomo. I must be a very(prenominal) restrained person by not cursing discover right after reading the Banks Paid $32.6 Billion in Bonuses Amid U.S. Bail pop out article By Kargonn Freifeld from Bloomberg.com. Well, the question for this case assignment was Should the crest executives of the major banks that bring ind bail-out silver be allowed to receive macroscopical bonuses? I would gladly reply without hesitation that my answer is a big NO. I am sure you pull up stakes find your blood boiling by how much money in bonuses a select few top executives receive. You ordain feel outraged that so few people receive so much money that could benefit so umpteen more people.  My opinion is based on the analytical of the plaza and the outcome. Where is my stand in regards to Utilitarianism and Deontology?     a)  Utilitarianism:  Moral is defined by essence of ones action     b)  Deontology:  Moral is defined by ones smack of duty, which dictates the action.    I am definitely a utilitarian. Below are analytical of for or against bank bailouts and bonuses?

    a)  Against         1)  House banned incentives/commissions for crazy trades         2)  Shareholders of banks get to vote on bonuses         3)  Only a minuscule number of people benefit from the bonus         4)  Some banks paid out more than the amount they profited             b)  For         1)  Owners of company control the company so they should be able to do what they want         2)  We live in a pay-for-performance culture    Banks are receiving bailout funds from the government while still having the efficiency to hand out large bonuses to their top executives.  Before we green goddess even understand how and why that is even a possibility, assumption the downturn of the economy... If you want to get a full essay, enjoin it on our website: Orderessay

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