chapter  1
17 Pages

New Ethical Concerns for the Modern Corporation

A 16-month-old child dies from drinking bacteria-laden apple juice after a company ignores advice concerning the product’s safety. A slaughterhouse is found dumping waste, chicken blood, and entrails into one of Mississippi’s main water systems. A children’s safety seat manufacturer fails to reveal to the public dangerous defects in its car seats, cribs, and strollers that kill two babies and injure more than 300 others. Enron collapses, costing employees millions of dollars in pension losses. Merrill Lynch agrees to pay $100 million in fines for touting stocks that its own analysts expected to lose money. Hundreds of listed companies are forced to restate their profits, caught red-handed in financial manipulation and deception.