The Eleven Dollar Memo

ISBN-13: 9783565207329 / Angielski / Miękka / 116 str.

Robert Steel

Opis

"The Eleven Dollar Memo - When a corporation calculated the cost of a human life" investigates the most infamous case of corporate negligence in history. In the 1970s, Ford discovered a flaw in the Pinto model: the gas tank could rupture in rear-end collisions, causing deadly fires. Engineers proposed a fix that cost $11 per car.Business ethics writer Robert Steel exposes the internal "Pinto Memo." Executives calculated that paying out settlements for anticipated burn deaths ($200,000 per life) would be cheaper than recalling and fixing 11 million cars ($11 each). They decided to let people burn to save money."The Eleven Dollar Memo" is a chilling look at utilitarianism gone wrong. It explores the legal and moral aftermath when a company reduces human tragedy to a line item on a spreadsheet, changing product liability laws forever.

The shocking story of how Ford decided it was cheaper to pay for lawsuits than to fix a deadly defect in their cars.