Ethics ,Moral, Justice do not have any significance in today's business.
Business ethics is a bygone concept.
Profits account for a succesful venture.
The way to accrue revenue is the prime concern.
This motivation of reaping gain has been misconstrued in the modern world.
Let us take a commodity- gold.
Gold price is approximately $1043 per ounce.
This includes various charges, like procurement, brokerage,etc.
The fluctuating market drives one to buy.
As gold is a tempting investment , investors flock to buy the metal.
The seller , guaging the interst, holds back.
The buyer , apprehending a rise in price , tries his best to compel the jeweller to sell.
The latter, after much persuasion, accepts to sell it $1050 per ounce.
The transaction shows a profit margin of $7.
But this apparent margin is not the real profit.
There are innumerable intricaies which have latent value.
The seller would have accumulated gold for cheap price, when the markets were down for a day.
The next day the price rises in no realistic terms .
The dealer got the news from the insider, who according to t restrictions, should not have revealed the details.
But money plays the truant.
Not everyone can access this insider tip of.
It is those, who have high range alliances, who have the buying power, ,who can kill their conscience,can accomplish. This proactive performance is praised as a stellar one.
The stock markets go up and down by such manipulations.
Merging detail of a company X with a company Y , shoots up the stock value of X and Y., which is ranging between $2-$3.
MR Dogood, knows in advance,with the insider MR. DOmuch confiding the details.
Mr Dogood covers say 100,000 of the stocks of X and Y .
Once the amalgamation is announced , stocks rise.. It goes up to$6. Mr DOgood sells his stock.
He makes a neat profit
C.P of 100,000 shares =100,000 x2.5= $250,000.
S.P of 100,000 shares =100,000x6 = $600,000.
Gross profit = $350,000.
Deducting 10% (expenses) = $35,000
Nett profit (includes2% brokerage) = $315,000
Amazing ,is it not?
Mr. Dogood gives 2% as brokerage to Mr Domuch, for hs tips.
But where is the ethic, moral and justice?
This illicit , illegality can be termed as prostitution.
A woman sells her body to earn her livlihood.
It harms her alone.
The anecdote of Dogood and Domuch is absolute cheating. .The two have traded body, mind and thought. It is a dirty prostitution.
The world hails such prolific squanderes as billionaires, as tycoons, as business magnates , but scorns at the poor woman who ekes out a sordid living.
This powerful investor has deprived the rights of the small time counterpart, who has less money, less contacts, and above all who has a conscience.
The righteous lie low.
The just make little money.
The contented are beckoned as imprudent, lazy, and idiots.
well, these great souls depart from the world, unlamented, unsung.
In validity, they have lived an exemplary life inflicting none, harassing none.
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