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Business Ethics - Article Example

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Johnson and Johnson Convicted of Bribes 1. Johnson and Johnson, one of the largest pharmaceutical companies in the United States in the world has been convicted of bribes. "Conviction" means they have been fined by the SEC and the Justice Department for a total of $70 million for paying brides in Greece, Poland, and Romania to doctors and hospitals…
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Business Ethics
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Download file to see previous pages By using private companies which it purchased, slush funds, and sham contracts the company was able to reroute the brides through extra levels of corporate disguise. The obvious moral issue here is that bribery is wrong. 2. Johnson and Johnson executives had a string of emails and other written communication explaining that the paying of bribes was a usual procedure of doing business in the countries. One email revealed that practically 95% of business in Greece is done this way. Also it is apparent that the method was so open that Greece accountants could not understand why it needed be hidden in their written notes. Brides were used to pay for the expenses of doctors going on medical conference trips. Johnson is a behemoth of a company and certainly other companies follow their leadership role. Their leadership role is based on experience with proven business techniques developed for surviving in a competitive market. One of these techniques, which Johnson as a well financed company can do well is bribing. 3. One can use the utilitarian rule of ethics here, the greatest good for the greatest number. It would be the variety of action based utilitarianism in which one's action would produce such a good. ...Download file to see next pagesRead More
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