Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/≈275 words
Sources:
2 Sources
Level:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Chiquita Faces Suit Over Colombia Terrorism (Essay Sample)

Instructions:

As the textbook points out, “Managers in publicly held organizations have a fiduciary duty to maximize shareholder wealth.”
watch video: Chiquita Faces Suit Over Colombia Terrorism
https://www(dot)youtube(dot)com/watch?v=bK7GWdi-EJU
Assuming staying in Colombia was the most profitable outcome, does that fiduciary duty require that Chiquita stay in Colombia regardless of other considerations?
What did this decision cost Chiquita?
What other options might have been considered?
Have other organizations faced a similar dilemma? What was the outcome?
This case has a long history. I recommend doing additional research to identify any key facts not represented in the video, determine other stakeholders, and share what you discover with the class. As a group, we will attempt to determine what course of action should have been taken by the leadership at Chiquita.

source..
Content:


Chiquita Faces Suit Over Colombia Terrorism
Name
Institution
Date
Chiquita Faces Suit Over Colombia Terrorism
Chiquita Brands the second largest banana producer in the world faced a string of civil suits for its ties to terrorist groups in Colombia. Between 1989 to 2004, Chiquita brands financed terrorist groups through security payments and did not disclose such information to its shareholders (The Global Report, 2010). The payment was made in exchange for protection against guerilla fighters in Colombian banana fields. In reality, the money was used to finance illegal activities including drug trafficking and terrorist activities and even perpetuated civil war (The Global Report, 2010).
Chiquita agreed to five-year corporation probation and received a fine of twenty-five million dollars. Shareholders filed a case accusing the directors of breaching their fiduciary duties by making payments to terrorist groups without their approval. According to the fiduciary duty requirements, the fact that Chiquita fraudulently recorded in their corporate books payment made to terrorist groups as the cost of doing business to pr

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

You Might Also Like Other Topics Related to civil war:

  • The War In Mexico Was Between The United States And Mexico
    Description: The movie invasion of Mexico directed by Jim Lindsay highlights the nature and outcome of the sixteen-month conflicts that transform the continent...
    1 page/≈275 words | 2 Sources | MLA | History | Movie Review |
  • Republic of Angola: A Country in Southern Africa
    Description: These lead the way to the origin and developmental stories of the state that continues to write itself as each year passes....
    6 pages/≈1650 words | 5 Sources | APA | Social Sciences | Reaction Paper |
  • The Reasons Underlying Failed States Research Paper
    Description: In this paper, we are going to highlight the factors leading to failure of states; more particularly in the developing countries...
    6 pages/≈1650 words | 7 Sources | APA | Creative Writing | Research Paper |
HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!