SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
Premium Contract Economics Insurance
“Moral Intelligence” Authors: Doug Lenick and Fed Kiel Critiqued by: October 10‚ 2007 Fall 2007 Class Honor Code: “I declare and affirm that the work submitted herein is my own work product from my own labor‚ efforts‚ and endeavors‚ and that I did not seek‚ receive‚ offer‚ or accept unauthorized aid or assistance or use of the work product of another‚ unless otherwise so stated fully and completely herein.” What does it take to be a great leader? Doug Lennick‚ author
Premium Morality Management Ethics
The Case of Paul Schreber April 2013 The Case of Paul Schreber Upon walking into my office I could tell right away that Paul Schreber was going to be a special case. He was sent to me via his former psychiatrist‚ Dr. Emil Flechsig‚ because of the fact that Paul did not feel comfortable with him. Paul believed that Dr. Flechsig was involved in a process that would transform him into a woman prostitute. Right away I knew that there was definitely some time of disorder at work and I just had
Premium Schizophrenia Psychosis
Moral Dilemma What people feel morally obligated to do depends on the situation. In general‚ I think everyone can agree that it is immoral to take someone’s life‚ but there are situations where people might think otherwise. There are also other less severe circumstances where people’s morals are put in question. In the end‚ it depends on one’s personal moral beliefs on how they would act when in certain instances. The first dilemma I chose was the fat man and the impending doom. Without a
Premium Morality Ethics Moral
Culture and Moral Development Another criticism of Kohlberg’s view is that it is culturally based. A review of research on moral development in 27 countries concluded that moral reasoning is more culture-specific than Kohlberg envisioned and that Kohlberg’s scoring system does not recognize higher-level moral reasoning in certain cultural groups (Snarey‚ 1987). Examples of higher-level moral reasoning that would not be scored as such by Kohlberg’s system include values related to communal
Free Morality Culture Sociology
the destruction that follows when ambition goes beyond moral constraints. To fully understand the extent to which Macbeth is a morality play‚ it is essential to give consideration to the context of the time during which the playwright penned the drama. Theatre was a major social event that not only brought society together but also taught the audience‚ regardless of their social class‚ how to behave in order for society to maintain its moral order. Shakespeare used the beliefs and current events
Free Macbeth
writing to tell you of Saint Paul. Paul was a very important figure of the Catholic Church. He was born in Tarsus into a relatively wealthy family‚ in 10 AD‚ and was originally named Saul. Paul was born into a Greek speaking town in the Roman empire. He was originally Jewish and was a member of the tribe Benjamin‚ he was also well educated. Paul had a sister and when he was 14 he traveled to Jerusalem to learn at the school of Gamaliel about the Jewish religion. Paul after his education at Gamaliel
Premium Christianity New Testament Paul of Tarsus
way. After that‚ what I should do is to encourage others to do the similar things. Moral compass should run through the whole process. An individual’s effort is meager but we should not neglect it. Just as the recycle‚ if I do well in recycling every time I want to throw my rubbish and tell others the importance of recycle‚ more and more people will be impacted if I carry on doing this. Key Take-away Moral compass is the principle and norm that leads us to proper and right behavior. Doing
Premium Morality Recycling Ethics
Kohlberg’s Moral Development Psych/500 October 14‚ 2012 Is it morally acceptable to steal food from the wealthy to feed the poor? This was the type of question Lawrence Kohlberg‚ an American-born Harvard Professor‚ would ask of his research subjects. Dr. Kohlberg was fascinated by the cognitive development work proposed by Swiss theorist Jean Piaget (Long‚ n.d.). “Kohlberg’s work aids both our understanding of the ways in which individuals make moral decisions‚ and demands that we use a
Premium Kohlberg's stages of moral development Jean Piaget Morality
Maestro‚ the main character Paul Crabbe who is a young adolescent that narrates the story in two time-spaces as a memoir. First we see him when he is a self-absorbed‚ selfish arrogant teenager and then when he has matured into a young man. Paul was one of the teenagers that had the feeling of being invincible and believing that he was better than everyone else around him‚ this being shown through the immaturity‚ self-absorption and selfishness of him. This image of Paul being a selfish‚ arrogant
Premium Piano Adolescence