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…
Hour-by-Hour Action Plan for the Next 48 Hours Day 1: Immediate Response (0–24 Hours) Hours 0–2: Crisis Team Assembly Action: Convene an emergency cross-functional team (Legal, Medical Affairs, Regulatory, Communications, Finance, HR). Reasoning: Centralizes decision-making, ensures alignment, and leverages expertise.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