Question

The root cause of Most Corporate Scandals is Greed. Do you think there is Good Greed or is Greed bad altogether?

Answer 1

Greed is definitely not all bad if one sticks by the definition. Greed is excessive desire to acquire or possess more than one needs. One may need to acquire more than one needs to support during rainy days. It is better to buy an umbrella when the sun is shining, which means you could afford it rather than when it is actually raining, i.e. one is struggling to meet daily needs. Hence, the desire to have more than one need is not all bad.

However, if one becomes excessively greedy and wants to get everything by hook or crook, that's when things get a little murkier. It is important to stay away from unethical practices in order to fulfil the greed. If that line is breached excessively, scandals erupt and greed is blame. All companies want higher stock prices but not all firms practice unethical practices.