Quote:
Originally Posted by woj
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Business are supposed to act in the best interest of their shareholders, so there is nothing really unethical about a business cutting losses on a venture that didn't work out...
On the other hand, a person not paying back a loan despite ability to do so is clearly acting unethically..
This is perhaps a paradox, but since businesses are setup to act in the best interest of their shareholders, they are acting ethically, while a person in a similar situation is not....
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So it's ok for a business, that in most cases has access to far more resources than individuals, to act unethically, but it's not ok for an individual? That's a huge imbalance - and further reiterates my point about individuals need to look out for their own interests, first.
Also, where did this notion come from that businesses can only act in the best interest of their shareholders? ... and is that really 100% true? From what I've read it's not quite that iron-clad; more an excuse for corporate stakeholders to do things they normally wouldn't consider otherwise.
Anyways, who runs businesses? Who are these shareholders? People! So I suppose if someone gets involved in any business venture in any capacity, ethics can be totally disregarded - didn't know it was that easy.