There are unethical business practices that are legal but morally questionable. Nothing could prevent companies from participating in these activities, especially if they feel that their products and services are so desirable that customers will continue to buy them anyway. While we are still far from seeing an end to unethical behavior, consumer actions are starting to have a bigger impact. In addition, companies now have a new way to beat the competition: show that they are the moral choice by engaging in ethical business practices. Unethical behavior, in simple terms, is the inability to do the right thing. In the workplace, unethical behavior can include all actions that violate the law, such as theft or violence, but unethical behavior can also affect much broader areas. These unethical acts could be deliberate violations of company policies or the use of sales practices – both actions are legal, but they exploit human weaknesses for personal gain, meaning they violate the ethics of many people. Examples of unethical behavior can be found in all types of companies and in many different fields. […] Even if the lawsuit against the buyers fails, it should be remembered that what is legal is not always ethical.

It is wrong to mislead consumers, even if it is legal. And the Rexall flyer is […] Or just take a unique example: if you carry a seriously injured person in a car at night and arrive at a red light and there is clearly no traffic: would you really stop or cross carefully? That would clearly be illegal – would it also be unethical? I don`t think so. Almost every industry has at least a few examples of unethical business practices. Some of the worst authors become important short stories. […] By testing them, then maybe they could do it legally, but it would still be a PR disaster. “Legal” does not mean “ethical”. There`s more to running a business than just doing what lawyers say is […] Ezekiel J Emanuel, MD, PhD, chair of the Department of Medical Ethics and Health Policy at the University of Pennsylvania, agrees that what Shkreli has done is no different from what other pharmaceutical companies have been doing for years. For example, Valeant Pharmaceuticals International Inc. acquired the heart drugs Isuprel and Nitropress and quickly increased prices by 525% and 212%, respectively. Shkreli, which increases the price of Daraprim by 5,000%, can be considered more brazen. It was also completely legal. And unethical, Emanuel says.

But was that wrong? One side of the company eagerly sells X shares to its customers, while the other side of the company, which manages the money on behalf of the company`s own accounts, sells X shares as soon as possible to exit before the stock collapses. It is commonly referred to as the pump and dump system, with many variations present in one form or another. In some cases, the company`s brokers “advise” retail investors to buy, while the company`s hedge fund partners are advised to sell. In other cases, two “partners” receive conflicting advice, one of them buying from the other, although the “advisors” expect the buyer to be burned. Just like in Vegas, the advantage goes home at the end of the day. Many companies, including Enron, WorldCom and Tyco, have gone down in history for their illegal practices related to creative accounting. However, not all creative and aggressive accounting methods are necessarily illegal. There is a wide range of ways in which a company can potentially try to improve its bottom line, often just before earnings are reported. Some of these systems may include non-GAAP creative reporting, a focus on IFRS results, no disclosure for problematic situations, share issuance and repurchase programs, income and expense time, asset holdings and sales, pension plan planning, and the auspicious use of derivatives. The University of Chicago`s Booth School of Business explored this topic in the latest episode of its “A Meeting of Minds” series, co-funded by the Institute on Knowledge Training at UChicago.