business ethics
DESCRIPTION
Illustrate what are the examples around you from your observation or read where companies that act in irresponsible manner towards the society/stakeholders. Give examples?TRANSCRIPT
3. ILLUSTRATE WHAT ARE THE EXAMPLES
AROUND YOU FROM YOUR OBSERVATION OR
READ WHERE COMPANIES THAT ACT IN
IRRESPONSIBLE MANNER TOWARDS THE
SOCIETY/STAKEHOLDERS. GIVE EXAMPLES?
A. Wal-Mart
Often forced to work overtime for zero pay.
Deny its workers basic rights, spending an enormous amount of time and money keeping unions out including: $7,000 anti-union camera packages, $30,000 undercover spy vans, $100,000 24-hour anti-union hotlines and a $7,000,000 rapid response team with a corporate jet.
Pushes its suppliers to go lower and lower on their wholesale prices.
Broken one environmental law:
Fined for violating new standards for stormwaterrunoff in 2001.
B. ExxonMobil
Well-known environmental offense.
Ranked sixth on the Toxic 100 list of US corporate air polluters.
In 2001, ExxonMobil target of a lawsuit by a human rights group that accused the company of actively abetting human rights abuses including torture, rape and killings in Indonesia.
The case is still pending until now (2009).
C. Nestle
Most of the cocoa used in Nestle's products comes from the Ivory Coast, a country known for using illegal and forced child labor in the production of this commodity.
Aggressive marketing campaigns for their baby formula in developing and poor nations:
Company markets its formula under false pretenses.
Millions of liters of the substance were found to be contaminated with harmful chemicals.
Workers protest absurdly low wages and unsafe working conditions, they're simply fired and replaced with new workers.