Nice ethical business owners

[ManagingPrime 0]

Quote

Quote

There is nothing inherently wrong with that.

Ethics notwithstanding, of course.

Quote

I'm not sure the story is exactly relevant to the professors thesis.

"Nice ethical business owners plunder the assets of their company then declare bankruptcy when their poor management practices cause the excrement to hit the fan."

I'm pretty sure he was being sarcastic when he described the owners as "nice" and "ethical." With that in mind, he summed up the information in the article rather well.

Playing devils advocate here, but what exactly was unethical? The company was private. They had the sales and the equity to justify the payouts. If there was specific intent to cash out prior to getting hit with lawsuits, that's one thing. But as the plaintiffs own attorney states, there is no evidence of that.

[jcd11235 0]

Quote

Playing devils advocate here, but what exactly was unethical?

Did you read the link I posted most recently in this thread?

"Massachusetts officials said Tuesday that during an inspection this month investigators had found dirty mats and hoods, a leaky boiler, dark debris floating in vials of medicine, and evidence that the lab was not leaving enough time to properly sterilize some of its products."

One would think that medical doctors and pharmacists would understand the importance of lab cleanliness in a pharmaceutical lab. But who cares about public safety when there's money to be made, right?

There is nothing ethical about pulling large profits out of the company and filing for bankruptcy to protect assets from those who were killed through the company's negligence.

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[turtlespeed 226]

Quote

Quote

Playing devils advocate here, but what exactly was unethical?

Did you read the link I posted most recently in this thread?

"Massachusetts officials said Tuesday that during an inspection this month investigators had found dirty mats and hoods, a leaky boiler, dark debris floating in vials of medicine, and evidence that the lab was not leaving enough time to properly sterilize some of its products."

One would think that medical doctors and pharmacists would understand the importance of lab cleanliness in a pharmaceutical lab. But who cares about public safety when there's money to be made, right?

There is nothing ethical about pulling large profits out of the company and filing for bankruptcy to protect assets from those who were killed through the company's negligence.

That argument is only valid if they Intentionally killed those people.

I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama
BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun

[Skyrad 0]

Quote

Plunder the assets of their company then declare bankruptcy when their poor management practices cause the excrement to hit the fan.

Exactly who are you referring to John?

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca

[billvon 3,132]

>That argument is only valid if they Intentionally killed those people.

No, it's not. Drunk drivers do not intentionally kill people; nevertheless their actions are not even slightly ethical.

[kallend 2,182]

Quote

Quote

Plunder the assets of their company then declare bankruptcy when their poor management practices cause the excrement to hit the fan.

Exactly who are you referring to John?

www.nytimes.com/2012/10/25/health/with-meningitis-outbreak-a-spotlight-on-family-behind-compounding-pharmacy.html?pagewanted=all&_r=1&

...

The only sure way to survive a canopy collision is not to have one.

[Skyrad 0]

Thanks

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca