Question

essay on

In the 2001 Australian film The Bank, a bank CEO has hold of research suggesting with certainty that a massive stock market crash is about to occur. Rather than publicise the advice he suggests the bank take advantage and make a massive profit out of the crash. When a board member suggests they have a duty to the public to release the information, he replies he only cares about the shareholders – “They are our people. They are our ‘society’. The public can take care of themselves.” (The Guardian, 5 February, 2019)

Using the shareholder and stakeholder frameworks and the key concepts from the session on ethics, law and morality

1. Present the strongest argument you can in support of the bank CEO's position. 2. Present the strongest argument you can against the bank CEO's position.

Answer 1

Argument in support of Bank CEO's position

A CEO of the company is the head of the company, share holders invests in his company in the his company in the hope of earning profit, so his duty is to devote himself in maximizing the profit of the company so in order to maximize the profit, he should not publicise the advice and make huge profit out of it and share it with the share holders

Argument against the Bank CEO's position

Serving the society is also one of the objective of a business so making profit by putting the society into the losses is ethically incorrect. So it is the responsibility of the CEO to publicize the advice.