Any recent examples of firms facing ethical or corporate social responsibility problems?

Expert Solution

The some of the examples of the companies that are facing serious ethical problems are:

Uber: The ex CEO of the company was sacked after many of the female employees accused the company of sexual harassment. Before all this, the company was doing great and the company was worth $68 billion. The valuation of the company has gone down and now it is worth just $46 billion.

Facebook: The company allowed third-party service providers to access the user data without their consent. The company Cambridge Analytica used the Facebook user data of millions and the company was caught for this unethical behavior. The company accepted that it was a mistake and they will take the required measures to stop this from happening in the future.

Wells Fargo: The company charged 570,000 customers with the auto insurance without their consent and the company was held responsible for their unethical behavior. They had also created 1.2 million fake accounts as well. The company lost a large number of loyal customers after these incidents and they are facing a financial crisis now.

keosha answered 1 year ago

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