MGM101H5 Lecture Notes - Lecture 6: Fiduciary, Corporate Social Responsibility, Penn Schoen Berland
25
MGM101H5 Full Course Notes
Verified Note
25 documents
Document Summary
The study of right and wrong behavior and how people make these judgments. In making decisions, we need to think in terms not of what is in our personal best interests, but what is in the best interests of the stakeholders and the public at large. Produced lack of confidence within the market which further led to loss of jobs: subprime lending fiasco. Us people extended mortgages to people who have no prospects and dint even bother to check if they were lying on their resumes which were bundled up and sold to unknown investors. They chose to be greedy and self-interested. Underpins all personal, professional and business actions: facilities all dealings trust. Using normal profit margin between ten and twelve thousand dollars per year or 50 000 per year so that only a certain amount of the pop. can afford it.
