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Essay / Research Paper Abstract
This 6-page paper focuses on the issue of CEOs/Board of Directors and whether they should take personal liability for the products their companies manufacture. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTceolia.rtf
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Unformatted sample text from the term paper:
beware," with the idea that the buyer would assume some liability for the product and if the product backfired, it was the buyers fault.
In this day and age however, with our society becoming more litigiousness -- and with the memory of Enron and WorldCom still so recent -- some experts postulate
that CEOs and boards of directors of companies need to be personally liable for products their companies produce. The main reasoning behind this idea is that if executive directors
are willing to back product and to take responsibility if the product is defective, this will help build more consumer trust. This is also been called corporate responsibility --
the idea of the Corporation and its directors as a good citizen. What we will do is examine some literature that takes
both sides of the issue. We will then analyze if the literature was more propaganda rather than objective text and we will determine the credibility of the authors.
In our conclusion, we will then determine, based on the arguments, if indeed CEOs and their boards of directors have personal liabilities when it comes to their companys products. A
fictitious scenario Inc. magazine in 1998 asked to question in its Black and White section, "Would you lie to save your
company?" (Anonymous, 1998). In this fictitious scenario, a CEO of an airline-inch in repair company was notified that eight airplanes is company had worked on had been grounded -- and
it was implied that the CEOs companys parts were likely responsible (Anonymous, 1998). The CEO needed to decide how much information to disclose to his bankers, his employees, his investors
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