The Ethical Responsibilities Of American Corporations

Texaco settled a lawsuit that charged the firm with discriminating against African American employees.

Presented below is just but a preview of what one of our clients have submitted. Peter Bijur, then CEO, decided to stop fighting the lawsuit and settle.

Apparently, there had been very real problems throughout the Texaco organization. The tapes were made available to the New York Times and, through it, to the public. To make matters worse for Texaco, a former senior financial analyst, Bari- Ellen Roberts, wrote a book detailing the humiliating experiences faced by many minority employees, including herself.

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During and earlythe company was in difficult financial straits due to low crude oil and natural gas prices. Revenues and earnings dropped precipitously, and the number of employees was reduced from 27, to 18, At a time like that, another CEO might have put diversity issues aside in favor of a focus on the bottom line.

It must guide our strategies for hiring, developing, promoting and retaining a diverse workforce. And it must extend beyond our corporate boundaries—not only to our customers and suppliers, but also to the communities in which we work and live.

Business Ethics 503L

New recruiting systems were set up to increase the pool of minority candidates for every position. Women and minorities were included on all human resources committees. For a longer-term solution, the company set up scholarship and internship programs to interest minorities in areas of study of importance to the firm. For all supervisors, he instituted degree feedback that included performance on diversity issues in evaluation criteria.]

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The Ethical Responsibilities of Tech Companies

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