Question 2 Your company, Flying Eagle Airlines (FEA), is suffering from the economic slowdown due to the global COVID-19 pandemic. The government has not given the green light for air travel domestically as well as internationally for the past 6 months. This has resulted in all of your Boeing 777 airplanes being underutilised. FEA has zero revenues but monthly fixed expenses of approximately USD100 million. There are a total of 45,000 employees of which a majority are low income and low skilled workers who have been working with FEA for more than 10 years. You have defaulted on your bank loans and finding it very difficult to continue to pay salaries as well. After numerous discussions with your shareholders, you have finally decided to voluntarily liquidate FEA.

Describe all FOUR (4) stages of Carrolls Pyramid of Corporate Social Responsibility framework and explain how you will make ethical decisions for all the affected stakeholders in each stage. [Total: 20 marks]