Friday, June 7, 2019

Margin Call Essay Example for Free

Margin Call EssayJ. C. Chandlers 2011 film Margin Call examines the actions of an investment firms key decision makers during the earliest stages of the most recent financial crisis. Chandler does a good job with the characters of this movie he isnt necessarily looking for a villain in a mess like this nor any lengthy explanations hes going deeper than that. He goes more for societal costs of last finance, the power of self-rationalization, and the easy embrace of personal corruption. The movie is filled with cable lessons that go beyond the investment world. One theme of the film centers on business morals and whether personal interest should trump customer/employee investment. Clearly, the decision made by John Tuld and senior focusing demonstrates that everybody is out for themselves. Personal investors are at the mercy of the individuals and the firms they invest with. The ease with which Tuld makes his decisions is scary to any business ethical viewer.With unqualified st atements such as, its just m acey the audience begins to understand that the financial musical arrangement can be an unfair game. In contrast Peters boss, Sam Rogers ethical implications of how the accompany plans to resolve its problems are almost more than he can handle. Sam stumbles upon the issue triggering the crisis, its one thing to be shocked at the ramifications of whats about to unfold. But it doesnt mean ones outrage cant be set aside when personal survival is on the line, an attitude that he quietly maintains but isnt afraid to tap when the need arises.Moral ethics are thrown out the window in order to salvage a firm that has taken on too much risk in order to increase profits and inflate employee earnings. Management is willing to do whatever it takes to save themselves and treasure their personal assets. This includes liquidating entire departments, and ruining the integrity of their own employees careers in the process. This film had several big ethical messages f rom it. In addition, there were many little points and messages the film showed.One in particular was the way that the employers used an employees entitlements as leverage to coerce them into doing what the enterprise requires. However, things such as stock options, pensions, bonus promises, and wellness care plans are simply paper assets. The promise that stands behind them can be broken and that paper is completely worthless at the order of those employers or in other words, blackmail. Ethics never loses its relevance.It must be told and retold as, too often, the mportant lessons that it imparts individuals and institutions unwillingly set aside. Ethical lapses can lead and have led to the irrevokable damage of a firm, its employees and clients. If there are any ethics in the business world, the companys plan for survival is unethical. But in a world that lacks options, there is only winning and losing. Some of the characters struggle with the little emotional and psychological l ife they have left. But their choice basically comes big bucks to money or no money.One thing that we must remember from this film is not just the ethical decisions made by the upper management but who is affected by these choices made by upper management. The most damaging fallout from all this is on those who didnt see any of this coming, generally the investors and the firms employees. Those who had the least involvement in all this mess are hurt the most in terms of financial losses. Even if it may seem like the employees participation was limited, they are nevertheless part of all of it, just by the inherent connectedness to the overall whole.Just because they werent the ones making the decisions doesnt mean the decisions made by upper management wont hurt them. This film is a reminder that business and moral ethics can easily be lost in the shuffle when billions of dollars and entire companies are at stake. Tuld is willing to kill the market to protect his interest, without concern for the companys investors or even the strength of the global economy. When money is no longer an issue, you lose all concern for the individuals who do not hold the akin viewpoint.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.