22 Sep Over the past several years, we have experienced a growing n
Over the past several years, we have experienced a growing number of major ethical breaches by companies both in the U.S. and in other countries. A few examples include: Wells Fargo(setting up millions of accounts for clients without their authorization); General Motors(hiding the problem of bad ignition switches on millions or cars for about 10 years); Volkswagen(cheating on emission tests to meet government standards); Takata(putting known defective airbags in millions of cars); Uber(paying one of their IT employees to not report a data breach that affected millions of customer records); Kobe Steel(falsifying inspection records for a number of years on aluminum and steel that did not meet required customer specifications); Chrysler Corp.(falsifying auto sales records to show growth in sales that did not exist); and the currentOpioid Drugcrisis, where a number of pharmaceutical companies, with support of doctors through oversubscriptions resulting in over 40,000 deaths a year in the US and 100’s of thousands of drug addicts. .Research and AnalyzeONE of these cases to determine: some of the primary reasons why these types of unethical behaviors occur in major corporations, make some recommendations regarding what can be done to reduce their frequency and severity. Look at Corporate Governance, CEO reward systems, and the Legal System to see how these affect ethical behavior and what could be changed to reduce it.
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