Do Ethics Matter?
For this discussion, please create a multiple sentence answer (with 1 research source beyond your own thoughts) to the question “Do Ethics Matter? ” in regard to one of the situations below. You must post 1 original post and 3 replies. Replies need to respond with critical thinking skills and not just an agreement. I recommend posting your first post by FRIDAY.
In March, the European Commission hit Google with a €1.49 billion (U.S. $1.7 billion) fine—the third in three years for the internet giant—for breaching competition rules. In that case, the Commission fined Google for blocking rival online search advertisers from getting a foothold in the market.
In the States, Facebook was facing regulatory troubles: After a year-long investigation prompted by the Cambridge Analytica scandal, the Federal Trade Commission in July slammed the social media giant with a groundbreaking $5 billion penalty for deceiving users about their ability to control the privacy of their personal information. It was the largest fine ever handed out for violating consumers’ privacy and nearly 20 times more than the largest penalty related to data privacy or security ever imposed worldwide.
More impactful than the penalty amount was the FTC’s 20-year settlement order, which imposes significant structural reforms on how Facebook must do business moving forward, including greater corporate accountability and more rigorous compliance monitoring.
Rochester Drug Co-Operative, one of the 10 largest pharmaceutical distributors in the United States, and its former chief compliance officer, William Pietruszewski, were also among those to face criminal charges for “knowingly and intentionally” violating federal narcotics laws by distributing opioids to pharmacy customers that it knew were being sold and used illicitly.
In a statement, DEA Special Agent in Charge Ray Donovan said the charges “should send shockwaves throughout the pharmaceutical industry, reminding them of their role as gatekeepers.” Compliance officers should heed the warning, particularly given that the Justice Department has indicated in its 2020 report that fighting the opioid crisis remains a priority.
(Topic Source: https://www.complianceweek.com/opinion/top-ethics-and-compliance-failures-of-2019/28237.article (Links to an external site.) )
For more information on Critical Thinking Skills read this:https://en.wikipedia.org/wiki/Critical_thinking
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