Date Submitted:
03/18/2011 04:23 AM
Words/ Pages:
1871/ 8
Views:
1183
Popularity Rank
111

Business Ethics – Ge In Iran

Since the terrorist attacks of September 11th, 2001, the United States has had growing concerns about national security and terrorism.   The War on Terror was initiated in response to those attacks and the concerns involved with terrorism.   In President George W. Bush’s State of the Union address in 2002, Iran was identified as a country that sponsors terrorism and threatens America.   There have been trade sanctions in place against Iran since 1980, in addition to more recent political divisiveness with Iran, making most U.S. business there illegal.   Iran is a member of the President’s “Axis of Evil” because it is widely considered to be the top state sponsor of terrorism worldwide.   However, there are still dozens of U.S. corporations operating in Iran.   General Electric Company (GE), one of America’s largest corporations, has been heavily scrutinized in the media for their continued business there.   Although GE’s business involvement in Iran has proven to be legal, there are serious ethical implications that must be considered.   The ethical issues surrounding GE’s continued business practices in Iran must be analyzed in order to understand how well GE has addressed this issue and how GE’s reputation can be improved in the eyes of Americans.
      General Electric Company currently consists of four businesses:   Technology Infrastructure, Energy Infrastructure, GE Capital, and NBC Universal.   Their products and services range from industrial equipment and power supplies to financial services and media content.   Due to GE’s survival and success since it was founded in 1892, their stocks have become one of the most popular with investors.   GE has customers in 160 countries and boasts on their website that their “businesses fuel the global economy and improve people’s lives” (GE, 2008).   Although U.S. law prohibits American companies from doing business in states designated as sponsors of terrorisms, GE was able to conduct business legally in Iran through foreign…

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