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WALL STREET:THE MOVIE. In need for a code of ETHICS - Essay Example

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Introduction The understanding of morality, as well as the struggle to define what is right or wrong in a given situation, is one that defines the code of ethics in business. The code of ethics which is followed is the defining factor of actions taken by those who are associated with a business…
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WALL STREET:THE MOVIE. In need for a code of ETHICS
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"WALL STREET:THE MOVIE. In need for a code of ETHICS"

Download file to see previous pages Examining how the code of ethics is altered and what is involved in this becomes the basis for understanding the thin line between morality and becoming successful as a business leader. Gekko’s Approach to Make a Buck The main ideology which is presented in “Wall Street” is based on the combined efforts of Bud Fox and Gordon Gekko. Bud is learning how to maneuver within Wall Street while compromising ethical considerations, specifically because of his advice from Gekko. The principles which Gekko uses; however, are based on breaking morality and swindling illegal deals to make extra money. The concepts which he approaches are based on taking more money, information and ideologies from the company and trading these in for money, no matter what the measures or morality is. It is his belief that this is the only way to begin making money and to recover with finances, specifically because of the way in which money is swindled by other business leaders. The only ideology which Gekko is certain of throughout the movie is money and how to make this to become extremely rich, no matter what the cost. The approach which Gekko takes is one which is based first on finding ways to make money. From this viewpoint, there isn’t anything that is wrong with the movement toward greed or his belief that an individual has to do anything to make money. This approach is one which keeps businesses alive and which allows different corporations to try to find ways to become stable and to prosper. The question of morality which is approached with Gekko is from his belief that anything should be done in the name of money, specifically because this can help an individual to live a comfortable life. The problem which arises is how the ability to make money from one side causes others to be hurt in the process, such as a loss of jobs, inability to maintain a position in a company or problems with moving toward innovation and freedom of choice from an individual. The conflicts continue with effects that occur with the manipulation which occurs for money and how this becomes distorted, ruthless and is based on destroying both individuals and companies in the name of money. These several outtakes also create questions of morality and how it relates to the objective of making money on Wall Street (Green, 2006: p. 121). Insider Information from Bud and Morality The questions of morality continue with the conflicts which Bud is faced with, specifically when he begins to look for insider information to help with making money. The initial conflict with Bud is one which isn’t attributed to moral problems, specifically because his intent is based on finding information to help a company and to begin making more money with the initiatives that he takes. However, the insider information that is confidential also becomes a conflict because it can hurt others and is illegal to take because of the problems which may arise from this. The several problems which Bud faces after finding the information then becomes problematic and creates a moral standard that he is violates. When he continues this, specifically to make extra money, despite the cost of others, then there are problems with the actions. The question of Bud violating the moral implications with insider informati ...Download file to see next pagesRead More
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