1: How far do you think that loyalty to the company really should go?  How much loyalty does an employee really owe to her or his employer?
I believe that employee empowerment, involvement and satisfaction are the base reason for loyalty. No employee has loyalty if he or she just started to work, loyalty is built upon the actions of the employer. Therefore, it is very easy to conclude that an employee does not owe an employer any loyalty if the employer shows that he is not worth of loyalty.
Loyalty is not directed towards the company if the employee does not have some sort of empowerment or involvement. An employee can be loyal to a company if empowerment and involvement is present additionally, an employee can be loyal to the employer if the employer provides a satisfactory experience working at the company and thus, the employee is not loyal to the company but to the employer or manager.
So, does an employee owe his or her employer any loyalty? No, loyalty is earned and can and should not be demanded by contract of employment. However, if the company is engaged in building loyalty, it is highly recommended to offer empowerment and involvement to the employees. A manager/employer should focus on providing a satisfactory working experience and thus, building loyalty.
Majority of big businesses know loyalty needs to be built. A very good example is Goldman Sachs as they have over 12 000 Vice Presidents. In the banking sector, these titles usually determine pay level and seniority of their employees. Towards the employees this gives them empowerment and involvement and thus, creating loyalty.