Many financial managers and corporate officers are often criticized for (a) poor decisions, (b) lack of ethical behavior, (c) large salaries
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Many financial managers and corporate officers are often criticized for (a) poor decisions, (b) lack of ethical behavior, (c) large salaries, (d) lucrative severance packages worth millions of dollars, and (e) extravagant lifestyles. Is this criticism justified? Justify your opinion.
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Answer
Yes ,this criticism is justified.
Some of the reasons are as follows:
The managers can make poor decisions in terms of supporting and implementing legislation that oppresses employees.
The officers at times are unethical with implications on nepotism,bribery,racial discrimination,sexual harrassmnt and even gender disparity.
The managers and corporate officers receive large salaries with huge severance packages for extravagant spending and lavish lifestyles.This is,however,at the expense of either the taxpayers,fellow employees at lower levels of management or customers to the business in question.
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