Which ethical decision-making perspective

Assignment Help Business Management

Reference no: EM133615481

The founder and CEO of Acme Investments, Able Baker, cut her own compensation to ensure all employees at the company made at least $70,000 per year. Instead of earning $1.0 Million, she also makes $70,000. Her action resulted in 50 of the 100 Acme employees getting a raise. She was motivated by a desire to do her part to reduce income inequality and the belief, gained from research she read, that $70,000 is a living wage and improves people's quality of life. Baker's actions were not without criticism. She was told by a competitor that if she followed the compensation practices of most other investment companies, she would soon be a billionaire. The competitor commented that as a billionaire, Baker could do even more good. Baker stated that she does not think that the world needs another billionaire philanthropist because she does not think that is working out very well for the world.

Which ethical decision-making perspective did Able Baker of Acme Investments exhibit providing a minimum salary to the company's employees? Fully explain your answer.

Reference no: EM133615481

Questions Cloud

Requires extensive financial analysis : Which of the following is not true about a complex sale? Responses It usually requires extensive financial analysis

What are the states of nature-the alternative : What are the states of nature, the alternative, and their probability? onstruct a matrix and decision tree using this information and indicate

Pierce the corporate vail : What violations allow the courts to "Pierce the corporate vail" and what violations are the members of the business protected from liability?

Benefit of buying franchise versus starting own business : What is the benefit of buying a franchise versus starting your own business? Are there any drawbacks to a franchise?

Which ethical decision-making perspective : Which ethical decision-making perspective did Able Baker of Acme Investments exhibit providing a minimum salary to the company's employees?

What is the term applied to legacy or bequest : What is the term applied to a legacy or bequest that does not identify the personal property given?

Describe physical store purchase experience : Describe a physical store purchase experience in which dissatisfaction resulted from the product purchased.

How do you view role of value-based care : How do you view role of value-based care, price transparency and initiatives affecting your business and healthcare in general from health insurance company?

Acquisition official wins the lottery : An acquisition official wins the lottery and uses their winnings to purchase stock in Company X, a DoD contractor.

User Account

All Pages