When a company declares bankruptcy, the actions of top management might readily be considered legal but unethical.

Question

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While the actions of top management might be technically legal in a bankruptcy, they could still be considered unethical. For example, if management prioritizes their own financial gain over the well-being of the company and its employees, this would be seen as unethical behavior. Additionally, if management acted recklessly or negligently leading up to the bankruptcy, this too could be seen as unethical even if not illegal.

When a Company Declares Bankruptcy, the Actions of Top Management