Failure Regarding Corporate Social Responsibility Essay

Among the most monumental examples of failure regarding corporate social responsibility, that is to maximize profits within the law (Dejardins, 2014, p.53), is the Deepwater Horizon blowout catastrophe, occurring April 20, 2010. Historically noted as the single greatest environmental failure in the United States, the blowout of the Macondo well claimed 11 lives, injured dozens more, leaked 4.9 million barrels of oil into the Gulf of Mexico, disrupted ecosystems and communities globally, and economic loss as a result of a phenomenon know as effective compression which occurs when there are extreme pressure differences inside and outside the drill pipes, causing them to buckle, Enerknol Research (2015). Influenced by the article Deepwater Horizon s Final Hours, http://www.nytimes.com/2010/12/26/us/26spill.html?pagewanted=all, questions to explore regarding this event are: What was the path to this tragedy? What are the causes and consequences of this disaster? What are the lessons le arned? Who is ethically responsible? These questions and more will be examined through first hand accounts of the men and women working on Deepwater Horizon, statements given by Transocean, BP Oil, research firms findings as well research and facts from government and environmental organizations. A number of parties were involved to some degree on the Macondo well blowout, however, I surmise, that as the lead and greatest benefactor that responsibility for the great magnitude of thisShow MoreRelatedRole Of Corporate Ethics On Financial Performance945 Words   |  4 PagesRole of Corporate Value Clusters in Ethics, Social Responsibility, and Performance: A Study of Financial Professionals and Implications for the Financial Meltdown. The key of the abstract is to demonstrate the influence of corporate ethics on financial performance. The financial meltdown negatively influenced top management mindset regarding professional ethics (p. 15). Introduction. 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