Consider a CEO who has accepted a pre-bankruptcy bonus and assume that this same CEO thinks this practice is appropriate. Now analyze that CEO in terms of Kohlberg's Model of Moral Development.

 Repeat but assume the CEO thinks the practice is inappropriate. How does your moral development analysis change?

 Explain how a board member or a CEO in a bankruptcy-bonus-granting firm might rationalize this practice. Work through all eight mechanisms (four stages) of moral disengagement. To clarify, give an example of what this person might think or say for each mechanism to justify this practice.