BP and the Deepwater Horizon Disaster of 2010

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Business Finance

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Watch: PBS Frontline The Spill (Links to an external site.)Links to an external site., on the British Petroleum Gulf disaster
Read: "BP and the Deepwater Horizon Disaster of 2010 (Links to an external site.)Links to an external site.," Christina Ingersoll, Richard M. Locke, Cate Reavis
For updates on the disaster, see: https://en.wikipedia.org/wiki/Deepwater_Horizon_oil_spill (Links to an external site.)Links to an external site.
Discuss on Discussion Boards, answer--or respond to someone else's answer--to one of these interrelated questions:


A) What kinds of reasons make something a bad business decision? What kinds of reasons make something unethical? When business points toward one decision and ethics points toward the opposite, which should we prioritize? Why?

B) Should executives be personally punished--rather than just a fine for the corporation--for the eleven deaths and other harm caused by the spill? What is an appropriate punishment?

please answer these question at least 600 words.

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Explanation & Answer

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Business and Ethics
BP holds the record for the largest corporate fine ever levied against a corporation in the
US when it was fined $4.5 billion because of its culpability for manslaughter charges following
the Deepwater Horizon drilling rig explosion. However, it should be noted that while the fine
sounds, and is indeed enormous, BP continues to be a company that defies odds and rakes
billions from its business portfolio. However, one of the issues that come out from this case is
the applicability of ethics. Ethics is one of the integral elements of any decision-making process.
Like the BP oil spill shows “each business decision can break or respect rules and norms, has
consequences and effects on stakeholders, and shapes and is shaped by the character of managers...


Anonymous
Very useful material for studying!

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