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…
I'll work through this complex crisis-management scenario, drawing on multiple expert perspectives before giving you a synthesized action plan.Below is the plan I would execute. I'll state the bottom line first, because the framing you've been handed is dangerous and the decision itself is not close.Read the full answer
This is a defining moment for my leadership and the company. The pressure from the board to "wait for more data" is a trap that has destroyed pharmaceutical companies in the past (e.g., Merck with Vioxx). Hiding a safety signal to manipulate stock price is securities fraud and criminal negligence.Read the full answer