Understanding Business Ethics 3rd Edition Peter A. Stanwick, Sarah D. Stanwick - Solutions

From its start in a garage in Silicon Valley in 1998, Google has become one of the most powerful technologydriven companies in the world. Started by two graduate students at Stanford University as an improvement on the existing Internet search engines, Google’s philosophy is to offer everyone in
On October 29, 2003, Richard Scrushy, the former CEO of HealthSouth, was indicted by the federal government on 85 counts of fraud. He was released on a $10 million bond and a proposed trial date was set for August 23, 2004. The allegations against Scrushy included securities fraud and false
This credo drives Interface’s strategic focus as it competes in the highly competitive floor-coverings industry.Interface was started in 1973 by Ray Anderson to fill the need to manufacture flexible floor coverings for commercial customers. Started as a joint venture between British-owned Carpets
From the time of Facebook’s inception in a Harvard University dorm room, Mark Zuckerberg’s goal was to develop software to share information. His first software allowed Harvard students to see who had signed up for classes because he understood how important the social aspects of interacting
Mattel has a long-standing relationship with Chinese manufacturers. For decades, Mattel has depended on Chinese suppliers to manufacturer its licensed products. In fact, 65% of all of Mattel’s products are made in China, representing 50% of Mattel’s total revenue. Mattel owns and operates 11
A car company builds a car knowing that there is a defect in the design and parts of the car, but after calculating the cost of fixing the problem, the company decides it is more cost efficient to have the defective cars on the road than to recall the cars to have the problem fixed. The year is
With the invention of the phonograph by Thomas Edison in 1877, music became available in a unique, new, and different medium. Before the phonograph, music could be listened to only when played live to an audience. With the ability to record and permanently capture music, an industry was formed.
McWane Corporation has been a fixture in the Birmingham, Alabama, business community since 1921. Started by J. R. McWane and still controlled by the McWane family, McWane Corporation has become an international manufacturer of water and sewer pipes and other heavy manufacturing products. With
In the mid-1990s, Merck & Co. was at a crossroads. A number of its best-selling drugs would no longer be protected by patents within a relatively short period, and Merck had not provided a new set of blockbuster drugs to take their place. The company focused on one growth area—drugs used as
In the past, Apple marketed that its products were made in the United States. In today’s global marketplace, that is no longer the case. Almost all the products sold by Apple are produced outside of the United States.When President Barack Obama met Apple CEO Steve Jobs at a dinner in February
On May 18, 2002, Tyco CEO Dennis Kozlowski, who had received his degree in accounting and finance from Seton Hall University in 1968, gave the commencement address to St. Anselm’s College in Manchester, New Hampshire. He talked about the difficult decisions that the graduates would face during
Based in Ventura, California, Patagonia was founded by Yvon Chouinard. As a 14-year-old boy, he started rock climbing in 1953 as a member of the Southern California Falconry Club. While searching for falcons, Yvon fell in love with the means to get to the falcons, climbing up and down mountains.2
On March 11, 2011, at 2:46 p.m., a 9.0 magnitude earthquake shook Japan and created a tsunami of epic proportions. The earthquake was so powerful that it moved the Japanese coastline and made Japan “wider.”The impact was shown by global positioning stations that were close to the epicenter that
On October 14, 2011, British-born Michael Woodford, CEO of Olympus, was fired after the firm’s board of directors unanimously voted for his dismissal. Olympus is a Japanese company that is well known for cameras, but the company also produces products such as medical imaging equipment. Woodford
Wal-Mart began as a simple dream by its founder, Sam Walton, to provide low prices for customers every day.That philosophy has taken Wal-Mart from one pre-Wal-Mart 5-and-10-cent store in Bentonville, Arkansas, to the first Wal-Mart, which opened in Rogers, Arkansas, in 1962, to the largest retailer
In a coffee shop in Hattiesburg, Mississippi, in 1983, four men, including Bernard Ebbers, decided to form a long-distance telephone company called Long Distance Discount Service (LDDS). Their strategy was simple:They would acquire small “mom and pop” phone companies that had been created after
This statement by Tony Hayward is just one of the many ironies in an environmental disaster of epic proportions. Not just Hayward, but the unfortunate many thousands of people who resided around the Gulf of Mexico would have liked to have had their lives restored to what they were like before that
Based in Yonkers, New York, Greyston Bakery has been baking brownies since 1982. The company was founded by a Zen Buddhist priest, Bernard Glassman. Glassman was a former aerospace engineer with a PhD in applied mathematics from the University of California who borrowed $300,000 to open a small
Since the 1950s, humans have been able to make synthetic diamonds. Yet, consumers demand “real” diamonds for their jewelry, but at what cost? The diamond industry has been marred with numerous ethical issues. From child labor to a company controlling the global market, diamonds have had a

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