GE case - It also affected the community because it harmed...

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Ryan Hayes Dr. Luzadis BUS 101 (330) 11/24/08 Just after reading the first page, you can clearly tell that the key stakeholders are the owners and the community. Anything that has to do with the environment usually affects the community. Like the Ford Pinto case, GE followed all the regulations for each year. For example, they dumped more than 1.3 million pounds of PCBs into a 40 mile area of the Hudson before they were banned in 1977. This is tough for the company the community and/or environmentalists did not bother or did not know that PCBs were dangerous. Years later, GE now has had to spend millions of dollars to clean up and go against the EPA on their order for them to clean it up. In one paragraph on the first page, it says that villages used to be thriving on the factories, and now they are gone. This definitely affected the community because people lost their jobs, and their communities were trashed with these PCBs.
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Unformatted text preview: It also affected the community because it harmed people, fish, and wildlife in this area. Some parts of the community, after realizing that PCBs were dangerous to one’s health, wanted GE to clean up the mess. Others wanted to leave it the way it is, and let it heal by itself. Owners’ interests were that they did not want to clean up the mess. It says in the case, that they spent millions just to not clean it up. They also felt they followed the law; they did not do anything “wrong” when PCBs were known to be deadly, so why should they be responsible? If you want, you can even add environmentalists as their own stakeholder. They were the ones really pushing GE to clean up the PCBs. In conclusion, Owners, Community, and possibly the environmentalists are the key stakeholders....
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This note was uploaded on 09/20/2011 for the course BUS 101 taught by Professor Rollins during the Fall '08 term at Miami University.

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