Running head: AIG BAILOUT AIG Bailout Clari McGougan‚ Shawna Wilson‚ Keasha Kessler‚ Lashonda Edwards‚ Dale Ballard‚ and Michael Baltzelle University of Phoenix AIG Bailout The main ethics categories and theories involved in the American International Group (AIG) bailout are duty based ethics which has its pros and cons‚ and the theory is deontological which puts the rightness of an action before good. The pros of duty based ethics are equal rights are important to every person
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issue in the following case – at the Example of the Bail out of General Motors by the US Government. 2. The Phenomenon A bailout is a colloquial pejorative term for giving a loan to a company or country which faces serious financial difficulty or bankruptcy. It may also be used to allow a failing entity to fail gracefully without spreading contagion. A bailout could be done for mere profit‚ as when a predatory investor resurrects a floundering company by buying its shares at fire-sale prices
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The Chrysler Bailout and the Challenger Disaster are two examples of possible outcomes when implementing a strategic decision-making process. Without the presence of a decision‐making model a successful outcome is extremely unlikely. Chrysler’s decision to secure subsequent loans from the government resulted in success because it used a judgmental approach in search of a satisficing solution. In the case of the Challenger Disaster‚ the decision to launch deemed to be premature because the launch
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Priscilla Hatch Personal Values and Organizational Ethics Case: The GM Bailout Stephen Jackson – Instructor January 22‚ 2013 1. How would Locke‚ Smith‚ and Marx evaluate the various events in this case? They would evaluate this case by claiming that the government ownership of companies is the kind of government ownership of the “means of production”. (Smith – the “father of modern economics” who is the originator of utilitarian argument for the free market. According to Smith‚ when
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| The Utilitarian‚ Libertarian and Rawlsian approach to Nestlé’s Ice Mountain Water | Justice Case Study Paper | | Rochelle Carlisle | 1/31/2013 | | Many people believe that water is just nothing‚ which in a way they are somewhat correct. Have you ever looked at the label on bottled water? What do you see or better yet what don’t you see. You don’t see numbers on the nutritional facts of bottled water because water is just that nothing‚ or is it? Water makes up about 70 percent
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effect being that something to that extent won’t be happening anytime soon. The bank bailout taught big business a lesson‚ and taught the world as a whole a lesson. The banks were in deep trouble and by the government intervening and bailing them out‚ they got the economy back up on their feet. These industries were just ‘’too big to fail.’’ Opponents like to argue that the government wasted money foolishly on the bailout however‚ according to the Center for Automotive Research‚ a Detroit-based think
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When Oliver North was asked to explain why he lied to congressional committees about his role in the Iran-Contra affair‚ he replied‚ "Lying does not come easily to me. But we all had to weigh in the balance the difference between lies and lives." Elsewhere in his testimony‚ North was asked about the false chronology of events he fabricated when preparing a summary of the government’s involvement in arms sales to Iran: Questioner: . . . You have indicated that. . . in your own mind . . . it was a
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GENERAL MOTORS BAILOUT PROBLEM Introduction Founded in 1908‚ General Motors has been one of the largest corporation and the second largest automaker in the world coming after Toyota. For 77 consecutive years from 1931 to 1908‚ GM has been a leading automaker and marketer as ranked by the total number of units sold yearly. General motors have also been a leading employer not only in the United States but also in other parts of the world where it operates. However‚ the company has been seriously
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Can We Expect A Regulated CDS Market? Derivatives Project Xilin Yang (Celine) Introduction The article introduces credit default swaps and explores the problems of the credit derivatives. By analyzing the AIG’s bailout‚ the article describes the regulation gap in the CDS market and states the regulation reform after the crisis. Part I is background‚ generally introduces the Wall Street crisis. How it happened? What consequence it has? Part II is mainly about AIG’s CDS business: how AIG
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Stephanie N. Herr November 30‚ 2008 The Government Bailout‚ Who Benefits? The big three American automobile companies are showing considerable operating loses. GM is losing $1 billion or more a month. How does a capital injection help? The companies will just burn through the cash (using it to pay labor or pay off debts‚ old and new‚ until it is gone). The banks‚ on the other hand‚ that are receiving bailout funds have operating profits‚ they can borrow low and lend high‚ but suffer from
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