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…
48-HOUR CRISIS PLAYBOOK (All times are “CEO clock”; every action is logged, time-stamped, and preserved on the company’s litigation-hold server.) DAY 0 – T+0 h (Today, the moment the internal memo lands on your desk) 00:00 – 00:30 TRIAGE & LEGAL PRIVILEGE Convene the “Red Notebook” team (you, General Counsel, Chief…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