Is it 'moral' for corporate decision-makers to place company profits before consumers' health/lives?
Posted: Tue Dec 08, 2020 12:40 am
In what was later described by a U.S. investigation committee as a “culture of concealment,” Boeing’s decision to keep its ill-fated 737 Max planes flying—regardless of indicators, including employee alerts, they should be grounded and serious software glitches corrected—resulted in hundreds of passengers’ lives lost.
While an ousted, sacrificial CEO received more than $62 million to leave Boeing, 346 ticket-buyers received a most horrific death.
And when I read about such seriously questionable big business negligence cases as that of Boeing’s failure to ground their 737 Max fleet even when warned well in advance, I picture corporate CEOs figuratively shrugging their shoulders and defensively saying that their job is to protect shareholders’ bottom-line interests.
Meanwhile, the shareholders, also figuratively shrugging their shoulders, defensively state that they just collect the dividends—the CEOs are the ones to make the moral and/or ethical decisions.
Yet, couldn’t those same Boeing decision-makers and/or their young families also potentially be flying on one of its ill-fated flights?
Assuming the CEOs are not sufficiently foolish to believe their loved-ones will somehow always evade such repercussions related to the former’s reckless decisions, I wonder whether the profit objective of a CEO’s job-description nature is somehow irresistible to him or her?
It brings to mind the allegorical fox stung by the instinct-abiding scorpion while ferrying it across the river, leaving both to drown.
While an ousted, sacrificial CEO received more than $62 million to leave Boeing, 346 ticket-buyers received a most horrific death.
And when I read about such seriously questionable big business negligence cases as that of Boeing’s failure to ground their 737 Max fleet even when warned well in advance, I picture corporate CEOs figuratively shrugging their shoulders and defensively saying that their job is to protect shareholders’ bottom-line interests.
Meanwhile, the shareholders, also figuratively shrugging their shoulders, defensively state that they just collect the dividends—the CEOs are the ones to make the moral and/or ethical decisions.
Yet, couldn’t those same Boeing decision-makers and/or their young families also potentially be flying on one of its ill-fated flights?
Assuming the CEOs are not sufficiently foolish to believe their loved-ones will somehow always evade such repercussions related to the former’s reckless decisions, I wonder whether the profit objective of a CEO’s job-description nature is somehow irresistible to him or her?
It brings to mind the allegorical fox stung by the instinct-abiding scorpion while ferrying it across the river, leaving both to drown.