Ethics Article Analysis Essay Example | Topics and Well Written Essays - 500 words

Ethics Article Analysis - Essay Example imbroglio, President Obama called Wall Street bankers "shameful" for giving out nearly $20 billion in bonuses while the government bailed out financial institutions (Herald Tribune, 2009, Jan 29). Whelan, in his article, â€Å"Spirituality and the Global Financial Crisis† (2009), raises pertinent questions: How was this allowed to happen? What ideology, what policy, what abuses made this possible? Were there any warnings? And if so, why were they ignored?† The writer also argues on the ethical propriety of top CEOs amassing huge wealth amidst such epic financial crisis. On a spiritual note, society craves for joy in life. And what is J-O-Y? Jesus-Others-You: necessarily in that order. But our capitalist, consumerist approach to life, is otherwise. Enjoy has verily turned into, end-joy! The common person’s bafflement has naturally turned into anger. Questions about moral and ethical values in society are beginning to surface, especially, in the corporate arena. The financial crisis provides an opportunity for somber introspection, contemplation, and reflection on the foundations of human values on which corporate, and business edifices are built. Ethical considerations in financial management and decision making should focus on the societal and national goals. As Whelan puts it, â€Å"spirituality is living relationships. Spirituality can transform the culture and support the new economic structures and government regulations intended to foster and protect the common good.† Whilst business managers seek to maximize profit to delight investors of their companies, presumably legally, it is equally important to examine, can profits accrue by being good? Is there an incentive for being good? The reward of being good is goodness itself. It has a long term spread of happiness that only grows. Hooker candidly asks, â€Å"Business management is all about making the right decisions. Ethics is all about making the right decisions. So what is the difference between the