Martin Shkreli, the CEO of Turing Pharmaceuticals, purchased the drug Daraprim and then promptly increased the price by more than 5,000 percent from $13.50 to $750 per pill. Besides this price-gouging move, he was recently arrested for securities fraud.

As the investigation digs deeper, it is quite possible that:

A. there were no other ethical gray areas created in his company.

B. he set ethical standards that inspired employees to shoot for higher critical.

C. this CEO's unethical actions influenced other company employees to take unethical actions.

Question

Business

Sylvia Goodman

26 March, 17:30

Martin Shkreli, the CEO of Turing Pharmaceuticals, purchased the drug Daraprim and then promptly increased the price by more than 5,000 percent from $13.50 to $750 per pill. Besides this price-gouging move, he was recently arrested for securities fraud.

As the investigation digs deeper, it is quite possible that:

A. there were no other ethical gray areas created in his company.

B. he set ethical standards that inspired employees to shoot for higher critical.

C. this CEO's unethical actions influenced other company employees to take unethical actions.

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Answers (1)

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Monica Bray · Answer 1

C. this CEO's unethical actions influenced other company employees to take unethical actions.

Explanation:

Ethics is defined as the set of moral principles that guides a person's behaviour in doing what is accepted as right or wrong. When a person is unethical he does not have strong moral standards and lacks principles.

In this instance botnwas unethical for the CEO to raise price of Daraprim by 5,000% as people who have low income will not be able to purchase the drug. Apart from this he was also charged with securities fraud.

After going to prison the price of Daraprim was still above $750. This is an ondicai that his unethical behaviour has affected other employees in the company. As they are still selling the drug at exorbitant price.