The conversation between human and AI assistant.
What are the myths about business ethics? Elaborate with examples
Can you give me an example of a situation where a company prioritized legal compliance over ethical behavior?
One example is the Wells Fargo scandal of 2016. Wells Fargo was found to have created millions of fraudulent customer accounts in order to meet sales quotas. While this behavior was not technically illegal, it was certainly unethical and violated the trust of their customers. The company ultimately faced significant consequences in terms of legal fees, fines, and reputation damage.