Ethical Dilemma: Suppose you are president of West Turner Bank (WTB). WTB made loans for major construction projects in countries in Eastern Europe and North Africa. However, WTB’s fortunes declined in recent years, and the bank now faces financial ruin. WTB senior management decided to call in loans made to these countries to strengthen the bank’s deteriorating finances. That is, management decided to force borrowers in the construction projects to repay their loans immediately.

You know that calling the loans will cause thousands of workers in the affected countries to lose their jobs. What should you do? Use the ethical framework in Chapter 4 to analyze this situation.

Can you find any creative solutions to the dilemma?

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