Discussions Ethics Case Ch 11 10 pts Alonso Duarte Mar 20 at 9:33 AM CT11.7 The R&D division of Piqua Chemical Corp, has just developed a chemical for sterilizing the vicious Brazilian "killer bees which are invading Mexico and the southern United States. The president of the company is anxious to get the chemical on the market to boost the company's profits. He believes his job is in jeopardy because of decreasing sales and profits. The company has an opportunity to sell this chemical in Central American countries, where the laws are much more relaxed than in the United States The director of Pique's R&D division strongly recommends further testing in the laboratory for side-effects of this chemical on other insects, birds, animals, plants, and even humans. He cautions the president, We could be sued from all sides of the chemical has tragic side effects that we didn't even test for in the labs. The president answers, We can't wait an additional year for your lab tests. We can avoid losses from such lawsuits by establishing a separate wholly owned corporation to shield Piqua Corp. from such lawsuits. We can lose any more than our Investment in the new corporation, and we invest in just the parent covering this chemical. We reap the benefits if the chemical works and is safe, and avoid the losses from lawsuits it's a disaster." The following week, Piqua creates a new wholly owned corporation called Finlay Inc., sells the chemical patent to it for $10, and watches the spraying begin a. Who are the stakeholders in this situation? b.Are the president's motives and actions ethical? c.Can Piqua shield itself against losses of Finlay Inc.? Reply Replies are only visible to those who have posted at least one reply Chapter 11 hp