Business Ethics Fortnight "More Fun than Decent People Think Should Be Legal"

Baylor University

Team Members: Sean Haynes, Kevin Peck, April Mollerberg, Joanna Menendez

Advisor: Anne Grinols

Topic/Audience: Corporate Pension Crisis

Executive Summary

“Moral hazard” exists when government policy creates financial incentives for unethical corporate behavior.

The Pension Benefit Guaranty Corporation (PBGC), as it is presently structured, inherently allows financially precarious companies to convert pension promises into government and taxpayer burdens.

Using General Motors as a test case company, the team presentation makes recommendations that address the financial, legal, and ethical implications as well as the primary concerns of key stakeholders.