Greed Wall Street

Which of these assisted in taking away Ethical Values from Wall Street

• The weakness of the Christian hold on people

• The OWV teachings of the business schools

• None of the above

Answer explanation

Based on the article Have Ethics Disappeared from Wall Street.?.  Bachelder, R., & Bachelder, M. (1987).

The bad greed was from the weakness of the Christian hold on people and The Organization worldview (OWV) teachings of the business schools.

Could Wall Street function without greed?

• No, It could not survive without

• Yes, because greed is always bad

Answer explanation

Who said that greed is good?

Gordon Gekko from Wall Street is especially eloquent on the benefits of greed.

 "Greed, for lack of a better word, is good." He went on to make the point that greed is a clean drive that "captures the essence of the evolutionary spirit.

Can greed be good?

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Answer explanation

JP Morgan has created multiple companies though he was considered one of the greediest men on wall street.

He took a lot from society but he gave more to society,

To elevate in life, we must have some level of greed.

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• 
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Answer explanation

Krekels et al., (2011),

Greedy people's need for higher social status may lead to beneficial behaviors toward themselves (task performance) and others (contextual performance), ultimately benefiting organizations.

We are all greedy at some point in our life

• No, greed is just ethically wrong!

• Yes, because good greed makes me motivated.

Answer explanation

Greed is the only consistent human motivation that produces preferable economic and social outcomes under most circumstances (Tripathi, 2019).

Maslow's theory of the hierarchy of needs, human beings have different kinds of needs starting from psychological and safety needs which are more basic than social and ego needs. At the top of this 5-level pyramid, sits self-actualization needs.

Good Greed and ambition as a positive relation

• It is unethical to show relations between the two.

• Yes, as long as greed is only good.

• Ambition is ambition where as, whereas greed is greed.

Answer explanation

Based on the case of Wall Street, a person with good greed will feel accomplished and filled with enthusiasm thinking that they have the right stuff.

Having this drive to achieve higher goals and aims is otherwise known as having ambition.

(a)   , in ethics, theory of conduct that regards the good of others as the end of moral action

Answer explanation