Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Decision
Ethical Implications the company has been unfair to the customers by providing them false information. The company has also cheated the regulatory norms and been unfair to the regulators. The company's shares have fallen drastically after the revelations of the incident and the shareholders of the company have suffered financially and hence the company has also not been fair towards the shareholders. In terms of the health of the company, the decision proved to be very unfair. The company lost value in terms of shares as well as in terms of image and business. Moreover, the company stands to face huge legal costs in damages to the legal suits (McDowell, 2000).
Legal Implications
Fairness Implications
Volkswagen knowingly used the software in its emission systems for its diesel cars sold in the U.S. which suppressed the emission readings to suit the requirements of the regulators in 2014-15. The company used these reduced emission readings to market and sell the car not only in the U.S. bit also in other parts of the world including Europe. The company used these reduced emission readings to aggressively market its cars and enhance business. Martin Winterkorn was the CEO of the company at the time of the incident.
This incident or decision by the top bosses of Volkswagen was highly unethical as it violated the established ethical norms of business. They resorted to misinforming the customers. The company willingly and willfully used the software to misinform customers through its marketing campaign. The customers were falsely drawn into thinking that the vehicles of the company were indeed very low on emission. Consequently not only were they duped but such people also stood to potentially violate the emission norms without having to do anything with it (McDowell, 2000). With respect to the health of the company, this decision was unethical as the health of the company was not so dire that it had to resort to such an unethical step.
The company was legally implicated for falsifying data and suppressing data as well as violating environment regulatory norms under the United States law. The company was also implicated under the German law, the home country of the company, and an investigation has been initiated both in the U.S. and Germany. A number of customers have also filed lawsuits against the company in the U.S. alleging that the company had duped them with false information. Thus, the company is also in trouble legally from the decision. Despite what the health of a company is such decisions are always unethical and illegal in nature and are liable to be prosecuted.
Martin Shkreli, the CEO of an American drugs company called Retrophin came under severe criticism after the company hiked the price of life-saving HIV-related drugs from $13.50 to $750. This was a hike in the price of drugs that was unprecedented in the history of pharmacy. It was alleged that the company had done so taking advantage of its patented right over the drug and deprived millions of people of taking advantage of the drug. The company said it wanted the money for further research which was not convincing for most people.
This decision by the CEO of Retrophin drug company has been one of the most condemned decisions in terms of ethics in the U.S. in recent times. Ethically this is very wrong as the decision -- aimed at enhancing profits many folds, had essentially deprived the cancer patients of a drug that could have saved their lives. This is a classic example of an unethical decision aimed to make private gains at the expense of the happiness and well-being of others. The health of the company was not in such a position that such an astronomical hike in the prices of the life-saving drugs had to be made. Despite the relatively good health of the company the decision was very unethical (Moon, 2001).
Legally, the decision cannot be challenged…
References
McDowell, B. (2000). Ethics and excuses. Westport, Conn.: Quorum Books.
Moon, C. (2001). Business ethics. London: Economist.
Ethical Decision Making Process Underage Garment Workers Dodge Rules in Cambodia The press has been waiting for three hours and Steve, the chief communications officer cannot wait any longer for fear of the press houses growing even larger. He knows keeping the press waiting long could be part of the story on top of the story already unfolding. He opens the door for Melanie and Cindy, both from Human Resources Management and
Fidelity is also an obligation, to the journalist's ethics in particular truthtelling. Beneficence could be applied to helping law enforcement. As the decision at hand consists of two mutually exclusive options, one of these obligations would need to be overriding. It is most likely that for the journalist this would be to communicate all of the information in keeping with the journalistic code of ethics. This approach, however, does
Ethical Decision 'Not to Resuscitate' is indeed a difficult decision that has to be made by the patient, when he or she is in good health, or the guardians of the patient. However, according to the law and ethical code of conduct, the medical practitioner, or whoever is in charge of the health care of a patient in a hospital setting, should always inform the patient about the whole procedure (L.,
For example, virtually every element of heightened security measures necessitates a corresponding reduction in certain kinds of liberties that American citizens have come to expect in a free society. Both concerns represent rights: it is right to implement measures intended to protect the general public by thwarting potential terrorists; likewise, it is equally right to seek to preserve individual liberties in a society that has been built on valuing
Ethical Decision Making: Ethics refers to principles that define behavior as fair and proper and they are concerned with how a moral person should behave when it comes to making an ethical decision (Josephson Institute of Ethics, 2002). Evaluating and deciding among competing options is often key in making a fair choice since principles do not always dictate a single "moral" course of action. The decision of whether to lay off workers
That record must state that the patient's medical condition is terminal, irreversible and indefinite, involves permanent unconsciousness and that life-sustaining treatment would create tremendous or extraordinary burden on the patient. The guardian's decision to withdraw or withhold life-sustaining treatment must be filed with 2 witnesses, one of whom is the attending physician. The guardian may be a parent, adult sibling, healthcare provider, the CEO of the health facility or