Chevron Stakeholders and Their Interests or Concerns - Essay Example

The consequences were eminent as people obtained water from the streams for domestic use. The effluents had lethal concentration of toxic substances. Ecuadorians witnessed numerous cases of Leukemia and abnormally increasing rates of birth defects. The stakeholders in this case were the company’s management, the Ecuadorian government, institutional stakeholders, and the Ecuadorians. The company management’s main concern was to clear the company’s name by distancing itself from claims about the disaster.

Consequently, Chevron denied responsibility of its actions that led to the disaster. “For a host of cultural and ideological reasons Chevron management is acting against its own self-interest — the interest of its shareholders…and in doing so, is driving the company off an $18 billion cliff” (Anderson, 1). The efficient functioning of the company in all areas/department is the role and duty of this category of stakeholders. They are expected to help steer the company into greater heights of success in light of productivity and profitability.

This is their ultimate concern as they work to ensure that the company’s operations are running smoothly, no wonder their efforts to keep the looming court case at bay. The Ecuadorian government as a stakeholder, moved to protect the rights and interests of its subjects. The government had to take initiative and thus active roles in court proceedings so as to ensure that the Ecuadorians earned justice. It is one thing for a country to allow a foreign country to invest in one’s country and another to turn against it when it comes to matters of health, safety and security.

The only challenge facing this initiative is change of guard from one president to another. Otherwise the country’s government has always strived to resolve the damage through seeking legal redress. The eighteen year old court battle translates into a typically lengthy process.