First off as an executive of this company I would bring up concerns to the CEO about numerous other incidents that occurred after the fatality of that little boy and its effect on Mega Brands shares collapsing. The consequences also could become much worse for the company if a child swallowed more than one magnet. The magnets in the toys are powerful and could rip through tissue in a child’s digestive system. Complex surgery would be needed and complications could follow.
If the CEO refuses to listen to my concerns, then I would look to the government and public to instill pressure on the CEO. After several incidents were in fact reported, Mega Brands subsequently took voluntary action recalling all construction sets, except newer Magnetix sets sold since March 31, 2006, that were age-labeled 6+ and sets that contained the following caution label:
"CAUTION: Do not ingest or inhale magnets.
Attraction of magnets in the body may cause serious injury and require immediate medical care" (Commission, 2007).
According to the U.S. Consumer Product Safety Commission, who investigated the incidents with
Cited: Bakalar, N. (2008, February 12). Toy Magnet Swallowed? No Problem. Two? Call 911. Retrieved from The New York Times: http://www.nytimes.com/2008/02/12/health/12magn.html?_r=1&ref=magnetsandmagnetism Birkeland, C. P. (2006, May 31). Toy Recall: Magnetix Magnet Building Sets by RoseArt. Retrieved from Parentdish: http://www.parentdish.com/2006/03/31/toy-recall-magnetix-magnet-building-sets-by-roseart/ Commission, U. C. (2007, April 19). Magnetix Magnetic Building Set Recall Expanded Serious Injuries Continue to be Reported to CPSC. Retrieved from NEWS from CPS: http://www.cpsc.gov/cpscpub/prerel/prhtml07/07164.html Consumer 's Union. (2008, May 15). Retrieved from STILL NOT SAFE: NEW RECALLS UNDERLINE NEED FOR STRONG HAZARDOUS PRODUCT LEGISLATION: http://www.consumersunion.org/pdf/StillNotSafe.pdf Magnetix Product Improvements. (n.d.). Retrieved from MEGA Brands: http://www.megabrands.com/en/customerservice/recallinfo/magnetix/magnetix_products_improvements.php?menuid=2 Mega Brands on track to recovery: CEO. (2011, March 18). Retrieved from National Post: http://www.nationalpost.com/related/topics/Mega+Brands+track+recovery/4461561/story.html