Much debate has taken place over the government bailout of General Motors Corporation. Did the CEO make the most ethical decision possible? Was the decision by the CEO based on egoism or utilitarianism? Was the government’s decision to do so based on egoism or utilitarianism? How does the ABCDs of ethics pertain to the bailout?
Egoism in every form is self-focused. It can be personal, individual, and universal. It can also be ethical or unethical. People who practice personal egoism can be kind and benevolent, but the end result or outcome is going to be beneficial to them. Individual egoism generally means that everyone should make my needs their priority. Lastly, universal egoism states that each individual should make their own personal needs and desires a priority. Utilitarianism notes that decisions are made based on the evaluation of the needs of the majority, where it will do the most good.
Assuming the CEO of GM used the ABCDs of decision-making, he would be “A” - aware of all the details of the situation and ask …show more content…
These decisions including everything from union pension policies to advertising campaigns that did more for Obama’s reelection than GM’s market share.
Not only has the government taken control of the company and issued a list of things with which GM must comply, but according to Mr. Flaherty’s opening statement for the article he wrote for forbes.com, the government has not fulfilled its obligation in the bailout to GM:
News that the federal government is nearly $10 billion in the hole on its $49.5 billion bailout of General Motors Co. is a painful reminder of the U.S government’s takeover of the automaker several years later. Unfortunately, the outlook is not good for GM as a new consumer survey shows that lingering resentment of the bailout may be hurting
Egoism in every form is self-focused. It can be personal, individual, and universal. It can also be ethical or unethical. People who practice personal egoism can be kind and benevolent, but the end result or outcome is going to be beneficial to them. Individual egoism generally means that everyone should make my needs their priority. Lastly, universal egoism states that each individual should make their own personal needs and desires a priority. Utilitarianism notes that decisions are made based on the evaluation of the needs of the majority, where it will do the most good.
Assuming the CEO of GM used the ABCDs of decision-making, he would be “A” - aware of all the details of the situation and ask …show more content…
These decisions including everything from union pension policies to advertising campaigns that did more for Obama’s reelection than GM’s market share.
Not only has the government taken control of the company and issued a list of things with which GM must comply, but according to Mr. Flaherty’s opening statement for the article he wrote for forbes.com, the government has not fulfilled its obligation in the bailout to GM:
News that the federal government is nearly $10 billion in the hole on its $49.5 billion bailout of General Motors Co. is a painful reminder of the U.S government’s takeover of the automaker several years later. Unfortunately, the outlook is not good for GM as a new consumer survey shows that lingering resentment of the bailout may be hurting