Ethics Case
The R&D division of Piqua Chemical Corp. has just developed a chemical for sterilizing the vicious Brazilian “killer bees” which are invading Mexico and the southern United States. The president of the company is anxious to get the chemical on the market to boost the company’s profits. He believes his job is in jeopardy because of decreasing sales and profits. The company has an opportunity to sell this chemical in Central American countries, where the laws are much more relaxed than in the United States.
The director of Piqua’s R&D division strongly recommends further testing in the laboratory for side-effects of this chemical on other insects, birds, animals, plants, and even humans. He cautions the president, “We could be sued from all sides if the chemical has tragic side-effects that we didn’t even test for in the labs.” The president answers, “We can’t wait an additional year for your lab tests. We can avoid losses from such lawsuits by establishing a separate wholly owned corporation to shield Piqua Corp. from such lawsuits. We can’t lose any more than our investment in the new corporation, and we’ll invest in just the patent covering this chemical. We’ll reap the benefits if the chemical works and is safe, and avoid the losses from lawsuits if it’s a disaster.” The following week, Piqua creates a new wholly owned corporation called Finlay Inc., sells the chemical patent to it for $10, and watches the spraying begin.[unique_solution]
Instructions- Your paper should answer the following questions:
(a) Who are the stakeholders in this situation?
(b) Are the president’s motives and actions ethical?
(c) Can Piqua shield itself against losses of Finlay Inc.?
Specifications: Assignment should be an APA paper, double spaced, 12 font, 1 inch margin (top, bottom, left and right), and at least three (3) sources other than the textbook. The paper should have at least 3 pages of research content information (excluding abstracts and summary, etc.) The paper should be submitted to both the (1)Turnitin dropbox and (2) Blackboard dropbox. Please note that an acceptable similarity percentage is no more than 30%. You should submit your final paper to the Turnitin dropbox and then to the Blackboard dropbox. Please note that you will be penalized (points will be deducted) if your paper has a higher than 30% similarity and is not in APA format. Then you will also submit your final draft to the blackboard Writing Assignment dropbox.
Due Date ; Sunday, Week 12 November 26th @5:00pm