MGM101H5 Chapter Notes - Chapter 5: Whistleblower, Triple Bottom Line, Federal Accountability Act
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MGM101H5 Full Course Notes
Verified Note
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Document Summary
Wells fargo video= forcing their employees to do illegal procedures (threaten firing and they make near minimum wage) so that the executives can benefit and make money at the expense of everyone else. Who would be proud of the wf ceo if they were their parents Mylan article example (raising the price on a needed emergency medical supply) Mylan has a monopoly of the marketplace for epipens if the market gets competitive the price will fall to an equilibrium and there will be a higher supply and the public will be satisfied. Ceilings? (ethical/social question should medical care be only available to the rich?!?) Both businesses & governments have to make ethical decisions. Universal message = treat others how you want to be treated. Ponzi schemes= investors say they will invest people"s money but they keep it, and just tell them they lost it in stocks. *a business should be managed ethically for many reasons:
