Wall Street Journal in December Term Paper

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Of course, it seems that companies have partly given up on the secrecy and are now informing their employees about the policy and obtaining their consent. It is no good if the process isn't entirely transparent and it seems it is not, because one can't really be sure that the sum declared by the company is real.

Even if the companies have legal backing and have declared that most of the benefits obtained from insurance policies will be used "to finance employee benefits" (Schultz and Francis, 2002), we are entitled to ask ourselves if this is truly so or whether the companies have discovered one of the numerous holes in the legislation that allow them to make profits unaccounted for and turn the law upside down so as to obtain profits that are not subject to taxation.

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On the other hand, when discussing ethics here, we should consider the fact that life insurance policies on an employee may seem natural, given the money spent with the respective employee, training courses, etc., as well as money spent with the employee that will replace him after he leaves the company in search of a better pay. Regarded as an investment, it may seem less morbid than it actually is, but the ethical question still remains: do you really want the company to be the beneficiary of your death and this usually without your knowledge or consent?!.....

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"Wall Street Journal In December" (2004, October 26) Retrieved May 16, 2024, from
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"Wall Street Journal In December" 26 October 2004. Web.16 May. 2024. <
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"Wall Street Journal In December", 26 October 2004, Accessed.16 May. 2024,
https://www.aceyourpaper.com/essays/wall-street-journal-december-57424
   

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