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Ceo And Product Liability

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...a defective product, consumers had no recourse. The message then was "let the buyer beware," with the idea that the buyer would assume some liability for the product and if the product backfired, it was the buyer's 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...

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