1. In general, we understand decisions to lay off employees when companies are losing money, but how...
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The idea of a company that’s earning money, not losing money, that’s not, let’s say, “industrially endangered,” to have just cutbacks sic so they can earn another $12 million or $20 million or $40 million in a year where no one’s counting is really a horrible act when you think about it on every level.
Do you think a socially responsible company that operates at a profit would engage in layoffs? Explain.
2. Some critics argue that Wall Street’s financial collapse in 2008–2009 was, at least in part, a product of male “group think.” They claim that men take excessive risks and women are more comprehensive thinkers. Hence, they say the financial community needs more women:
Barnard College president Deborah Spar dubbed our predicament [the Wall Street crash] a “one gender crash,” and The New York Times’ Nicholas Kristof wonders if we might all have been better off had it been “ Lehman Brothers and Sisters.”
Do finance companies have a social responsibility to hire more women? Explain.
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