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…
Executive Decision: Immediate Disclosure & Safety Alert The Decision: I will not wait for more data, nor will I delay disclosure for the earnings call. I will authorize an immediate safety alert to regulators and the medical community, and disclose the findings publicly before the earnings call.Read the full answer
As CEO, my overriding duty is to balance patient safety, legal/regulatory compliance, fiduciary responsibility, and long-term corporate survival. A 1-in-8,000 risk of liver failure is rare but severe, potentially fatal, and materially unexpected relative to the current label.Read the full answer