Annual pay for Walmarts top 6 executives totalled $80m including 22m for the CEO, while Walmart
Question:
Annual pay for Walmart’s top 6 executives totalled $80m – including 22m for the CEO, while Walmart workers in Bangladesh work 11-14 hours a day, 7 days a week, for $37 a month ($444 per year). Analyse whether it is ethical for Walmart executives to pay themselves so much more than workers in Bangladesh case from a virtue ethics perspective and then critically assess this perspective. Your answer should be organised in essay form – one single answer – but address all the following stages in order, using subheadings to distinguish each section (note: paragraphs lengths are recommended / approximate):
1. Introduce your essay. Explain the purpose of your argument and the main steps you will take to answer the question (1 short paragraph).
2. Explain ethics theory: Explain how virtue ethicists decide what is ethical and what reasons they would have to hold this view (1-2 paragraphs).
3. Explain theory steps: What steps/criteria do virtue ethicists apply to decide if a person or action is ethical (1 paragraph).
4. Apply theory: Apply the steps/criteria outlined in point 3 to assess whether a virtue ethicist would agree or disagree with the conduct of Walmart management in setting pay at the company (2-3 paragraphs).
5. Critically analyse: State whether you agree with this virtue ethics analysis and explain why with reference to relevant limits of, or alternatives to, the theory (1-2 paragraph).
6. Conclude your essay: Summarise your main argument (1 short paragraph)