To Build A Fire Ethical Dilemmas
This film is about the beginning of the economic crisis in 2008. It shows the dilemmas and decisions that were made and how it affected every one of the actors of the US economy
From the analysis of this film, a great ethical dilemma arises during the development of the plot: is it possible to do something outside the law for the common good of society? In the world of finance it is not only necessary to have a code of ethics to show the rightful path, but also a moral code that makes one take the best decision assessing the damage in each scenario and trying to choose the one that represents the lowest damage to society.
Paulson, U.S. Treasury secretary, decided to go with the decision to implement actions to save Bear Stearns financially; Fuld, Lehman’s Brothers president also expected to be rescued, however, he was chosen not to by Paulson to give Fuld a lesson on morals and ethics to the market for that every CEO take responsibility for their actions. …show more content…
This decision to get everyone to be responsible of the consequence of their actions, shows the need for each executive to take responsibility for the consequences of their decisions, also seeks to achieve an ethical and responsible behaviour in the development not only of business but of daily life as well.
In the midst of negotiations to rescue Lehman’s brothers, there is the first major ethical dilemma about how to do business the right thing for the company even if it means losing some benefits. Fuld, refuses to sell the shares at a low price despite being faced with a situation that not only sinks him but also affects the overall
market.
"Doing the right thing" can often involve some sacrifices, in this case, the possibility of losing a lot of money and the market myopia of not being aware of the magnitude of the situation they are facing and how it can affect the rest can be utterly devastating.
Another ethical dilemma aroused when the time of facing the imminent crisis and the possible collapse of Fannie Mae and Freddie Mac. China and Russia "warned" Paulson subtly that this entity must be rescued to not jeopardize confidence in the market, so Paulson decided to carry out the rescue contradicting its initial position to give a moral lesson, but knowing that if he did not make the rescue, threatened the economy of his country to the subtle threats from China and Russia. This situation is repeated with AIG putting into question the reputation and credibility of Paulson.
Throughout the whole movie constantly is the dilemma of the public versus private power and the degree of influence of one over the other, the outcome of events leads us to think that it is ethical behaviour that builds trust.
Works Cited
Hanson, C. (Director). (2011). Too Big to Fail [Motion Picture].
From the analysis of this film, a great ethical dilemma arises during the development of the plot: is it possible to do something outside the law for the common good of society? In the world of finance it is not only necessary to have a code of ethics to show the rightful path, but also a moral code that makes one take the best decision assessing the damage in each scenario and trying to choose the one that represents the lowest damage to society.
Paulson, U.S. Treasury secretary, decided to go with the decision to implement actions to save Bear Stearns financially; Fuld, Lehman’s Brothers president also expected to be rescued, however, he was chosen not to by Paulson to give Fuld a lesson on morals and ethics to the market for that every CEO take responsibility for their actions. …show more content…
This decision to get everyone to be responsible of the consequence of their actions, shows the need for each executive to take responsibility for the consequences of their decisions, also seeks to achieve an ethical and responsible behaviour in the development not only of business but of daily life as well.
In the midst of negotiations to rescue Lehman’s brothers, there is the first major ethical dilemma about how to do business the right thing for the company even if it means losing some benefits. Fuld, refuses to sell the shares at a low price despite being faced with a situation that not only sinks him but also affects the overall
market.
"Doing the right thing" can often involve some sacrifices, in this case, the possibility of losing a lot of money and the market myopia of not being aware of the magnitude of the situation they are facing and how it can affect the rest can be utterly devastating.
Another ethical dilemma aroused when the time of facing the imminent crisis and the possible collapse of Fannie Mae and Freddie Mac. China and Russia "warned" Paulson subtly that this entity must be rescued to not jeopardize confidence in the market, so Paulson decided to carry out the rescue contradicting its initial position to give a moral lesson, but knowing that if he did not make the rescue, threatened the economy of his country to the subtle threats from China and Russia. This situation is repeated with AIG putting into question the reputation and credibility of Paulson.
Throughout the whole movie constantly is the dilemma of the public versus private power and the degree of influence of one over the other, the outcome of events leads us to think that it is ethical behaviour that builds trust.
Works Cited
Hanson, C. (Director). (2011). Too Big to Fail [Motion Picture].