Ethics and Moral of Business

Ethics and morals seem to be two decaying attributes within the corporate community these days. As if the financial scandals of Enron and HEALTHSOUTH were not enough for CEO’s to take a good look at the issues, may Bank of America’s latest decision will.

This week Bank of America’s announced they will begin to offer credit cards and home mortgages to illegal aliens within the United States. This decision should and has sparked some serious debate. While BoA probably knew this decision would capture some headlines, I seriously doubt the powers at be thought it would open up a can of worms that would cause many citizen account holders to close their accounts. We can debate the issue of illegal alien rights until the end of time and both sides could counter with some great points. However, on the issue of BoA, the debate should be more about the apparent “money at all costs” attitude the leaders of BoA are undertaking.

As a business minded person I fully understand BoA’s pursuit to corner different demographic sects thereby increasing profits for the bank. I also understand that the illegal alien demographic within America is one of the largest growing demographics in the country. It makes perfectly good business sense to look into ways your company could service this sect.

But one important principle has been left out of this decision by the leaders of BoA, morals. First and foremost is the fact that the market for which they hope to corner is illegal. Secondly, by offering high interest, semi-secured credit cards and home mortgages to people who are scraping by in the first place are simply ridiculous. Not only does this latest practice by BoA call into question the very moral fiber of the corporation’s leader, it should bring up the topic of customer victimization. While I’m sure BoA will turn some profits by pandering to the illegal alien sect, the collateral damage may erase any gains.

When situations like this arise I often wonder where all the activists are? The very people for whom the activists march, boycott and petition are being victimized by a large American corporation and the activists are no where to be found. Once again, the credibility of activist organizations should be called into question.

7 Responses to “Ethics and Moral of Business”


  1. 1 Eric Odom February 17, 2007 at 4:54 am

    Wells Fargo has been doing this for YEARS! Michelle Malkin even write about it back in 2001!.
    http://conservablogs.com/2007/02/15/move-over-bofa-wells-fargo-also-supports-illegal-immigration/

    -Eric

  2. 2 Chandra July 20, 2013 at 11:03 pm

    An outstanding share! I’ve just forwarded this onto a colleague who was conducting a little research on this. And he in fact bought me lunch simply because I found it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending some time to talk about this matter here on your internet site.

  3. 3 forklift license July 27, 2013 at 10:23 am

    Thus, from the last many decades, Jungheinrich
    forklift trucks are highly popular in the market.
    Today, Seattle WA Loader is one of the renowned loader
    can ensure the quality and durability. The European
    mechanical testing and European handling equipment market will grow at a healthy rate.

  4. 4 car insurance quote compare August 28, 2013 at 9:27 am

    You visit any office or home, you find the entire floor is spread with carpet and thus the
    need for an effective cleaning and maintenance is needed to look clean and tidy.

    As a result of deep carpet cleaning, the life span of your carpet will increase and it will also look as
    good as new. We believe that organic carpet cleaning is the
    safest method for your home.

  5. 5 best steam mop reviews September 14, 2013 at 2:06 pm

    It also freshens and deodorizes the carpet besides capturing the dust from it.
    You don’t need to follow older tough and time consuming method of cleaning
    floors. When you try to open some files, applications or just
    start up your computer then STEAM.

  6. 6 Julius January 3, 2014 at 6:06 pm

    Greetings! This is my 1st comment here so I just wanted to give a quick shout out and say I really enjoy reading your blog posts.
    Can you recommend any other blogs/websites/forums that cover the same topics?
    Thank you so much!

  7. 7 my opinion January 22, 2014 at 9:26 am

    Good blog you’ve got here.. It’s difficult to find excellent writing like yours nowadays.
    I really appreciate people like you! Take care!
    !


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s





%d bloggers like this: