When Congress approved the landmark Medicare Part D program in 2003 to help seniors buy prescription drugs, it slapped on an unusual restriction: The federal government was barred from negotiating cheaper prices for those medicines. The ban on government price bargaining, justified by supporters on free market grounds, has been derided by critics as a giant gift to the drug industry.Full Story»
Since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, American law has required publicly traded companies to detail their sources of so-called “conflict minerals.. Academic research finds that almost 80 percent of firms were unable to determine the sources of the minerals in their products while only one percent could certify their products free of conflict minerals “with great certainty.”
Amazon often says it seeks to be “Earth’s most customer-centric company.” Jeffrey P. Bezos, its founder and CEO, has been known to put an empty chair in meetings to remind employees of the need to focus on the customer. But in fact, the company appears to be using its market power and proprietary algorithm to advantage itself at the expense of sellers and many customers.
Columnist Gael O’Brien examines the achievements and contributions of a man – W. Michael Hoffman (pictured left) – and the Center for Business Ethics at Bentley University, which he founded 40 years ago. “Legacy goes beyond a name on a building,” O’Brien writes. “It’s the sustained passion that connects with and energizes the passion of others sharing a mission.”
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- Testing an Organization’s Purpose in the Face of Adversity
- Commentary: When a Workplace Tragedy is Also a Crime
- Drug Companies Pay Up in Illegal Marketing Cases, But Are Penalties Enough?
- The Conflict Between a Corporation’s Global Standards and National Law
- Spotlight on Whole Foods CEO’s Ties to ‘Spiritual Leader with Troubled Past’
- Taking Time to Reflect on the Value of Leadership