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Do Companies Who Bankrupt While Owing Back Pay To Employees Have A Moral Obligation To Pay Out Employees?
Beginning of paper
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Historically, legal precedent has been set through a process of debentures and subordinate debentures that dictate employees are often the least considered within the bankruptcy process. However, despite the anonymity of corporate entities, all decisions are made by managers capable of recognizing moral factors. The intent of this pap .... Middle of paper
.... the calculus either action is equally good. In this case, this implies similar consequences would result regardless of whether decisions are made cognitively or not. Thus, because no other rule applies, we will appeal to the levels of rules to guide our actions. In this case, our obligation remains with the shareholders, or does it? This may not account for the ill effect upon the employees.
However, despite the anonymity of corporate e ....
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Number of words: 441
Number of pages: 2 (approx. 250 words per double-spaced page)
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