Social Responsibility

Topics: Ethics, Microsoft Word, Rich Text Format Pages: 4 (670 words) Published: April 20, 2014
Individual Work 2 (20 points)
Today, we have more millionaires and billionaires than ever before. How do these people get so rich? Did they do it ethically, or did they do it at the cost of the jobs of everyday workers, whom they supposedly lead?

Review the scenario presented in Essay Question #4 on pages 31-32 of Introduction to Business Law. In a report, address the questions presented. Also consider the following:

Can you blame Kilts for accepting the offer given to him, or the action which he took to turn the company around? What percentage of the responsibility does P&G share for what happened? Although, nothing illegal took place in the Gillette turnaround or sale, was it ethical? Assignment should be one to two pages in length.

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Social Responsibility
Everest University Online
BUL 3246-12

I can understand what Kilts did to turn the company around. However, selling the company to make a profit for himself was not an option that I would have gone for. Many people lost their jobs and were affected by selling off the company to P&G. Especially the 4,000 workers that were from the same area. Having that many unemployed workers does serious damage to the economy and it will be difficult for them to turn things around.

Proctor & Gamble share about 50% of the blame because they are part of the reason for the layoffs. If the officers were not receiving such a high payout, they may have been...
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