Thursday, May 14, 2020

Essay on Lawsuits Against Big Tobacco Justified or Not

Abstract Since the first major lawsuit settled against tobacco companies in 1998, there has been much controversy over whether or not these lawsuits are justified. On the pro side of the argument there is much evidence to support that the tobacco industries have long known about the dangers of cigarette smoking. Furthermore that this knowledge warrants the need for compensation. In addition the industry has concealed this knowledge from the public. On the con side of the argument evidence shows that these lawsuits have been based on false claims primarily in regard to health care costs for smokers. Furthermore, the regulations set by the settlement of the 1998 multistate lawsuit have established a legal president which allows individuals†¦show more content†¦The money spent by the government for Medicaid, in my opinion, has already been paid for. The real victims would be those who have had the illnesses or who have died as a direct result of smoking. However, only if those victims b egan smoking before the effects were brought to the publics attention. For both the pro and con sides these facts are presented in order to support each papers opinions. One opinion of the pro side is that the market of cigarettes is a market for disease and death. At one point the paper states, Outrage at an industry that has made billions selling sickness and death the paper enforces this opinion later by saying, For decades, Big Tobacco has made a profit by selling the instruments of disease and death. Another opinion is that tobacco industries are the only companies that manufacture a product which causes serious illness and kills. The pro side quotes Edward L. Kaven, author of Smoking: The Story Behind the Maze as saying, the only industry which produces a consumer product that is likely to kill and render human beings seriously ill when used as intended. I believe that these opinions are exaggerated ones. First of all, the tobacco companies are not the only companies that sell a product that is unhealthy and even has devastating affects on people.Show MoreRelatedCosmetic Testing with Animals is Cruel Essay1302 Words   |  6 PagesAnimals    Each year, thousands of animals are brutally tortured in laboratories, in the name of cosmetic research. A movement to ban animal testing for cosmetic purposes has been gaining popularity, with many companies hopping on the bandwagon against this research. New alternatives have been developed to eliminate the necessity to test on animals. This is only a small beginning of what is necessary to end these immoral acts. Animal testing in cosmetics is useless and cruel, and can be accomplishedRead MoreThe Food Industry and Self-Regulation: Standards to Promote Success and to Avoid Public Health Failures7346 Words   |  30 Pageshas made highly visible pledges to curtail children’s food marketing, sell fewer unhealthy products in schools, and label foods in responsible ways. Ceding regulation to industry carries opportunities but is highly risky. In some industries (e.g., tobacco), self-regulation has been an abject failure, but in others (e.g., forestry and marine ï ¬ sheries) , it has been more successful. We examined food industry self-regulation in the context of other self-regulatory successes and failures and deï ¬ ned 8 standardsRead MoreBusiness Ethics9512 Words   |  39 Pagesengaged in a sexual act.† Courtesy: BBC NEWS (http://news.bbc.co.uk/2/hi/south_asia/4105753.stm). The company, Bazee.com, Indian version of eBay, put a video of an Indian Girl engaged in a sexual act on sale and resulted into an uproar in India against the company. The boy who took the video and sold it the company was taken to juvenile court and the company CEO Mr. Avnish Bajaj, US citizen, was arrested. Thus a mild comic event within the company turned to tragedy or a tale of prosperity for aRead MoreThe Walt Disney Company and Disney Management25371 Words   |  102 PagesOther dramatic events included the Gulf War in 1991, which put a heavy brake on vacation travel for the rest of that year. Other external factors that Disney executives have cited were high interest rates and the devaluation of several currencies against the franc. EuroDisney also encountered difï ¬ culties with regard to competition—the World’s Fair in Seville and the 1992 Olympics in Barcelona were huge attractions for European tourists. Disney management’s conviction that it knew be st was demonstratedRead MoreAuditors Independence Case Study14460 Words   |  58 Pagesaside, we suggest that the majority of professionals are unaware of the gradual accumulation of pressures on them to slant their conclusions—a process we characterize as moral seduction. Most professionals feel that their professional decisions are justified and that concerns about conflicts of interest are overblown by ignorant or demagogic outsiders who malign them unfairly. Given what we now know generally about motivated reasoning and self-serving biases in human cognition (Kunda, 1990), and specificallyRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesreality, and lead to lively class discussions, and even debates. In the gentle environment of the classroom, students can hone their analytical skills and also their persuasive skills—not selling products but selling their ideas—and defend them against critical scrutiny. This is great practice for the arena of business to come. NEW TO THIS EDITION In contrast to the early editions, which examined only notable mistakes, and based on your favorable comments about recent editions, I have againRead MoreFinancial Statements and Corporate Managers33896 Words   |  136 Pagesaccrual reversal. For example, aggressive capitalization of software RD expenditures may boost current period earnings but it will 18 lower future periods’ net profit when the capitalized costs have to be subsequently writtenoff. Investors’ Lawsuit. If a company disclosed false or misleading financial information and investors incurred a loss by relying on that information, the company may have to pay legal penalties. Labor Market Discipline. The labor market for managers is likely to penalizeRead MoreHealthcare Essay18323 Words   |  74 Pagesrecently seen with the passage of the Patient Protection and Affordable Care Act (ACA) of 2010, which promises to reduce the number of uninsured by 32 million (Henry J. Kaiser Family Foundation 2011). Cultural beliefs and values are strong forces against attempts to initiate fundamental changes in the financing and 26501_CH03_FINAL.indd 82 delivery of health care. Therefore, enactment of major health system reforms requires consensus among Americans on basic values and ethics (Kardos and Allen 1993)Read MoreThe Business Case for Corporate Social Responsibility: a Review of Concepts, Research and Practice15551 Words   |  63 Pagesbusiness case, the paper ï ¬ rst provides some historical background and perspective. In addition, it provides a brief discussion of the evolving understandings of CSR and some of the long-established, traditional arguments that have been made both for and against the idea of business assuming any responsibility to society beyond proï ¬ t-seeking and maximizing its own ï ¬ nancial wellbeing. Finally, the paper addresses the business case in more detail. The goal is to describe and summarize what the business caseRead Morepaul hoang answers72561 Words   |  291 Pageslimited companies. For example: †¢ Private limited companies cannot raise share capital from the general public since these are only sold to personal family members and friends. This clearly limits the finance that Mars is able to raise to compete against rivals such as Nestle and Cadbury’s. †¢ However, this fact also means that the directors (members of the Mars family) can maintain overall control of the business. For this reason, many private companies are run as family businesses and without

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.