Ethical Dilemma with Stakeholders
You're the CEO of a pharmaceutical company. Your best-selling drug ($2B annual revenue, used by 4 million patients for chronic pain) has…
This is a high-stakes ethical, legal, and business crisis requiring immediate, strategic, and transparent leadership. As CEO, my ultimate responsibilities are to protect patients, preserve trust, comply with legal and regulatory obligations, and ensure long-term viability of the company—even if it causes short-term…Read the full answer
As CEO, I would not wait six months and I would not let the board delay disclosure while patients remain exposed to an unreported serious risk. I would treat this as a patient-safety, regulatory, legal, and trust crisis—not merely a financial-risk issue. My guiding decisions would be: Patient safety comes first.Read the full answer