For many years, Apple Inc.\'s famed CEO, Steve Jobs, struggled with an undisclos
ID: 2563328 • Letter: F
Question
For many years, Apple Inc.'s famed CEO, Steve Jobs, struggled with an undisclosed illness. At various times, Apple informed the media that Jobs's illness was “a hormone imbalance,” “simple and straightforward,” and “a common bug.”1 In fact, Jobs had pancreatic cancer. When Jobs disclosed in January 2009 that his illness was “more complex” than he originally had anticipated, investors reacted swiftly, causing Apple's stock price to fall by over 5%. Three years later, the world mourned. Steve Jobs had died at age 56.
Did apple act ethically?
Explanation / Answer
Ans: Yes, it was ethical act on behalf of apple as they informed about the CEO health to its stakeholder well in advance and it is not on part of the company to disclose about the severity of such illness. So there was no unethical act on behalf of apple by not addressing the severity as it is a matter of person own confidentiality.
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