comfortable purchasing the product knowing that there were several bottles have been tampered with. Tylenol had to remove the product and reconstruct to ensure the safety of the product. The moral minimum that was required was to recall the bottles that were in the Midwest region only (Bethel, 2016). The executives would have benefited by not losing a lot of money if they would not have recalled the product nationwide. The stakeholders would hurt either way if the company was not responsible, people would lose respect for the business. If the company did not take proper precautions the market share would fall either way. Businesses thrive from the stakeholders, the general public is the most important stakeholder to any thriving business or …show more content…
It is what is morally right and what is wrong, evil and good or justice or crime. Ethical decision making helps people make difficult choices and cognitive thinking to reason with the decision that the individual has made. The cases that are presents shows the people in high positions of power made ethical and unethical decisions. In each case each individual was aware of what consequences that would occur with making the wrong or right decision. The Tylenol poisonings is was by far the most profound case. The company new the backlash that they would receive if they did not recall all of the potential defective medicine. The company did the right thing and recalled all the medicine the integrity of the company and stocks did drop but Tylenol still remains a household brand. Pfizer and the CME was a conflict of interest because the company promoted its products in educational videos that were used to show physicians how to properly use the product. The method that Pfizer used is a form of advertising. The company eventually decided that they would no longer partake in influencing the consumers to use products. In the Ponzi schemes there were two men in particular Charles Ponzi and Bernard Madoff both men knew the consequences of their actions but continued to make unprecedented rates on coupons. Overall out of the three companies that were discussed there were two that made unethical decisions which caused a great deal of impact to the company. Tylenol however made the most ethical decision by recalling millions of product and spending millions on creating a tamper seal for the household brand of