Wellbutrin and Avandia and included a criminal fine of $1 billion. The remaining $2 billion involves fines in connection with a civil settlement over the sales and marketing practices of the blockbuster asthma drug Advair and several other drugs (NY Times). GSK have not only violated the rules made by the FDA but also committed basic unethical behavior. Even though the $3 billion may seem like a large amount‚ it represent only a small portion of what Glaxo made on the drugs. According to IMS Health‚ Glaxo’s
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Unethical Credit Card Practices The ethics of credit card companies has to be in question. They are one of the few businesses that can change the rules on you and there is currently nothing you can do about. The credit industry is not your friend. They want to get you to borrow money from them and to keep you in debt for as long as possible. This way they have a constant flow of revenue through the interest payments‚ late charge fees and over the limit fees. They have many practices and charges
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Coors beer‚ a household name in the beer industry‚ is produced by the Adolph Coors Brewing Company which is based in Golden Colorado. Exactly how big is the Adolph Coors Brewing Company? As of 2001‚ the company ranked number three in beer sales‚ expanded into all 50 states. Currently Coors is the world ’s largest‚ single-site brewery. However‚ behind this imagery is a long history of discrimination‚ anti-labor policies‚ human rights violations and environmental ruin. The company was started by
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Unethical Practices of Arthur Anderson: Week 2 Checkpoint ACC/260 – Accounting Ethics: Keeping It Clean September 26‚ 2013 Thomas Scholz What did Arthur Andersen contribute to the Enron disaster? Assistance! Arthur Andersen assisted Enron in deceiving stakeholders by revealing ways to generate false profits and hide losses through the development of Special Purpose Entities (SPEs). Enron’s consolidated financial statements did not depict or clearly
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but it really encourages products made outside the USA. As a result‚ Wal-Mart has forced many manufacturers out of business. As a matter of fact‚ this big giant is facing a significant amount of controversy for unethical business practices. In fact‚ some of these unethical business practices include the following. Labor Union Opposition: Wal-Mart is a non union organization that feels it does not need third party intervention. So‚ instead of unions‚ Wal-Mart has an open door policy that encourages
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UNETHICAL PRACTICES BY COCA COLA AND PEPSI INTRODUCATION: AUTHORIZATION: This report is being submitted to DR. Muhammad Khalili‚ Professor of business ethics‚ University of Wollongong in Dubai. The topic of the report is unethical issues of coca cola in comparison with Pepsi. Purpose of the Report: In today’s competitive world‚ many organizations are practicing unethical practices to increase their productivity and profit without caring for the consequences of their actions. In order to stay ahead
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A CASE STUDY ON UNETHICAL BUSINESS PRACTICES |Coca-Cola Continues Unethical and Dishonest Practices in India | |Company Must Follow Recommendations of Company Funded Study: | |Shut Down Kala Dera Bottling Plant | |
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Table of Contents 1 Introduction 2 1.1 Origins of Microsoft 2 1.2 Historical Background 2 2 What are the unethical practices by Microsoft? 2 2.1 Software bundling by Microsoft 2 2.2 Predatory Practices 4 2.3 Evangelism Practice 5 2.4 Unethical Labor practices 6 6 Conclusion 8 7 REFERENCE LIST 9 Introduction Microsoft is huge in its industry; most people say that it is actually a monopoly. Bill Gate is the chairman of Microsoft with his long time college
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a very hot topic in our society today. It seems as if‚ a person cannot turn on the evening news or pick up a newspaper without seeing a story centered on unethical business practices in the workplace. With that being said‚ an individual might ask the following questions: “Why are so many organizations resorting to unethical business practices and what is fueling these new behaviors”? More importantly‚ is human resources aware of what is transpiring within their own company?” Additionally‚ what
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------------------------------------------------- MGT 360 ------------------------------------------------- busINESS ethics AND SOCIal responsibilty UNETHICAL PRACTICES OF TWO COMPANIES OCEANIC BANK PFIZER PHARAMACEUTICAL OCEANIC BANK Oceanic Bank International Plc‚ Nigeria. The present CEO of Oceanic Bank International Plc is John Aboh. Oceanic bank is one of the most leading financial service institutions in
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