1. What are the ethical issues raised by this case? Assessing blame: the role of government, whose...
Question:
1. What are the ethical issues raised by this case? Assessing blame: the role of government, whose laws should apply? Profit vs. safety Can unethical behavior go unnoticed? Aside from loss of life and health, what is the greatest loss? What can be done to avoid a recurrence?
2. Did the doctrine of "Limited Liability" apply to protect the shareholders of Union Carbide Corporation (U.S.)?
3. Were the Indian operations, which were being overseen by the managers of Union Carbide Corporation (U.S.), in compliance with legal, moral, or ethical standards?
On April 24, 1985, Warren M. Anderson, the sixty-three-year-old chairman of Union Carbide Corporation, had to make a disappointing announcement to angry stockholders at their annual meeting in Danbury, Connecticut. Anderson, who had been jailed briefly by the government of India on charges of “negligence and criminal corporate liability,” had been devoting all his attention to the company’s mushrooming problems.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Business and Professional Ethics
ISBN: 978-1285182223
7th edition
Authors: Leonard J. Brooks, Paul Dunn