Amtrak Train Derailment

Topics: Corporate social responsibility, Social responsibility, Business ethics Pages: 3 (1006 words) Published: January 6, 2012
Who are the stakeholders in this case?
The stakeholders in this case are the passengers, crew and their families, aboard the Amtrak train that derailed. They are also the corporate investors who hold stock in Amtrak and all Amtrak employees who have invested their time in employment with the organization. They could easily lose their jobs if a major layoff occurred or the organization filed for bankruptcy due to the millions they would be required to pay in damages. Stakeholders are the members of the Mobile, Alabama community who either witnessed or heard about the disaster and who may have lost trust in this railway system. The crew and captain of the tug boat which ran its barges into the framework of the bridge are also stakeholders, along with the owners and investors of the transport company in which they were employed. The emergency workers, the agencies such as NTSB, the Alabama Emergency Response Network and the U.S. Coast Guard are stakeholders as well. What are the interests of the stakeholders?

Investors in the transport company, CSX and Amtrak stand to lose money as such disasters can lead to public distrust and subsequent falling stock prices. They must answer to the public as to why emergency signals were not designed on the bridge. Families have lost loved ones as passengers or crew members that they cannot bring back. Crew members that lived must deal with feelings of guilt for not being able to do more and not being aware of exactly what had happened. They will also have to face many questions from agencies investigating the disaster and will face stressful situations, possibly for years to come. Their careers and way of earning a living may also be in jeopardy due to the effects of this disaster. Crew and families of the tug boat crews must face feelings of guilt and shame. What is this corporation's social corporate responsibility in this case for the four areas of corporate social responsibility? •Legal Social Responsibility

With respect...
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