Unethical Business Behavior

 

https://www.wsj.com/business/elon-musk-illegal-drugs-e826a9e1?page=1

Elon Musk ,as a leader of a successful and thriving establishment; Tesla and Space X, have been seen at events and parties where he has reportedly to be using several kinds of hard drugs not considering his global status and it affects the brand he represents. Additionally, it was gathered that the directors of his companies also who also doubles as his friends are always seen together at places where illegal drugs are freely distributed.

According to Tesla code of conduct, it is prohibited for all employees, including the executives, to use drugs within the workplace or even out of the office, However, based on this article, it seems as though the frontrunners of Tesla clearly violates the rules.

Investors have often turned a blind eye to concerns about Musk, including his drug use, especially when Tesla is doing well, investors and people close to the board. Rice, the director who didn’t stand for re-election in 2019, raised concerns about his drug consumption more than once inside conversations with board members about Musk’s increasingly erratic behavior during her two year tenure on the board, according to people familiar with her concerns. She informally asked whether the board should investigate and was brushed off.

This behavior does not demonstrate Ethical leadership, not just to the employees but to the public people. I think this can also be related to the Might-equal-right Principle.

https://www.wsj.com/articles/google-violated-its-standards-in-ad-deals-research-finds-3e24e041?page=10

Google Violated Its Standards in Ad Deals

Google charges a premium from major brands promising that the ads it places will run on high-quality sites, before the page’s main video content, with the audio on, and that brands will only pay for ads that aren’t skipped, however research has shown that Google actually places ads in small, muted, automatically-played videos off to the side of a page’s main content, on sites that don’t meet Google’s standards for monetization, among other violations.This is a bridge of trust and goes against Business ethics referencing one of the Module materials (Esprit De Corps) which talks about Integrity as one of the factors of virtues when in business.

 

 

Comments

Post a Comment

Popular posts from this blog

Amazon Hopes to Dominate the World of Streaming Ads

 https://www.wsj.com/articles/amazon-hopes-to-dominate-the-world-of-streaming-ads-it-faces-some-challenges-along-the-way-7176a7a2?page=1 This article revolves around Amazon Prime Video's ambitious entry into the U.S. streaming television market. With ad revenue exceeding $12 billion in Q3, Amazon aims to generate $5.2 billion in additional annual revenue through Prime Video ad sales and a $2.99 monthly ad-free subscription. Challenges include competition from established streaming platforms, convincing no endemic brands to advertise, and addressing concerns about the dilution of brand value for advertisers in categories like fashion and beauty. Utilizing Ad Revenue Dominance: Amazon leverages its position as the world's third-largest digital ad seller, with ad revenue exceeding $12 billion in Q3. This revenue is expected to increase by $5.2 billion annually through Prime Video ad sales and a $2.99 monthly ad-free subscription, highlighting the company's commitment to mon...
Read more

Unveiling the Power of NPV: Meta Platforms' Journey to Financial Success

  In finance and business, decisions regarding capital investment are of crucial importance, among the array of tools used to evaluate such decisions, one prominent method stands out: Net Present Value (NPV). NPV plays a critical role in determining the viability and profitability of investment ventures. Recently, Meta Platforms, the parent company of Facebook, made headlines with its exceptional financial performance and strategic decisions, providing a tangible real-world example to correlate with the principles of NPV and prudent capital investment. Meta Platforms recently reported its best quarterly sales growth in over two years, coupled with the initiation of its inaugural dividend. This remarkable achievement underscores the effectiveness of the company's investments in artificial intelligence (AI), which have notably enhanced the intelligence and efficiency of targeted advertisements. Despite grappling with regulatory hurdles and concerns regarding child safety, Meta Pl...
Read more

Some Luxury Brands Have Priced Themselves Out of Reach

  This article delves into the world of global finance, where the luxury goods industry emerges as a compelling illustration, revealing the complex interplay among consumer behavior, pricing tactics, and market shifts. Amidst economic uncertainties, esteemed brands like Hermès and LVMH excel by catering adeptly to the discerning tastes of affluent consumers. Their success underscores the financial principle of targeting specialized markets with substantial purchasing power, a fundamental aspect of strategic financial management. However, not all luxury labels experience the same prosperity. While brands such as Hermès and Louis Vuitton enjoy robust sales and enduring market presence, others like Burberry, Salvatore Ferragamo, and certain Kering brands encounter challenges. This disparity reflects broader financial realities influenced by factors like inflation and shifting consumer preferences, emphasizing the importance of adaptability in financial planning. A significant tren...
Read more