After expanding my knowledge and learning various viewpoints from my classmates, it is refreshing to look back on my writing assignment from the second day of class to observe truly how my views have grown and expanded as the semester has progressed. After revisiting the writing topic, my views have generally stayed the same but with added depth and reason. As the CEO of EQT, I would still continue hydraulic fracturing operations. Taking the enlightened self-interest view (ESI), as CEO it is still essential to prioritize profits first or attempt to benefit as many shareholders as possible, while taking into consideration other stakeholders as well. Shareholders, the government and employees will likely benefit the most from this decision …show more content…
Offering a limited liability-release combines the efficiency and individuality of continued fracking, allowing me to continue to maximize profits for shareholders, while still being fair and maintaining integrity to make certain that all stakeholders are being accounted for. A partial liability-release would allow neighbors to obtain remedies for unexpected damages that might occur as a result of the hydraulic fracturing but still allows for the neighbors to waive their rights to sue for the known dangers of fracking, thus protecting EQT. An example of an advantage of the partial liability-release would be if there were an earthquake caused by fracking. It would be fair and the integrity of the company would hold if we allowed letting the neighbors obtain some kind of remedy in this …show more content…
This leads to proving that EQT and other fracking companies that offer liability-release agreements are operating as monopsonies because they are the only “buyer” for the landowners. A similar example I can recall from the course is in the Merck – Vioxx case, Professor Stapp referenced that some football players enjoyed Vioxx because it was the only pill on the market that actually helped with their pain, however, because there was no other choice on the market at the time, the voluntary exchange requirement was