Saturday, July 08, 2006

Inherent Rules of Corporate Behavior

"The primacy of profit over ethics may have moderately destructive impacts, as with Enron's manipulation of electricity markets to maximize profit on the backs of California citizens. In other instances, it can mean the deaths of many innocent people, as when Ford and Firestone executives continued selling a product combination that they knew was killing many of their customers, while withholding the danger from the public. Their decision stemmed from a "rational" cost-benefit analysis which indicated that settling lawsuits resulting from fatal accidents was less costly than a recall."

Inherent Rules of Corporate Behavior,  by Jeff Milchen

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