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Essay / Research Paper Abstract
This 3-page paper discusses the ethical decisions made by Chiquita in paying a Colombian terrorist organization to protect its employees. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: AS43_MTchiqterr.doc
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Unformatted sample text from the term paper:
against Roderick Hills, former head of Chiquita Brands Internationals audit committee, and former chairman of the Securities and Exchange Commission. The case focuses on payments made to a Colombian terrorist
group - the payments were made to thwart potential kidnappings or terrorist action against Banadex, Chiquitas Colombian subsidiary. Chiquita was concerned about the danger its employees might be in if
payments were cut. Hills agreed. Furthermore, the U.S. Justice Department deferred demand to stop payments, nor did Chiquita ever hide the payments from accountants, its auditor (Ernst & Young) or
the SEC. Still, the fact remains that Chiquita made regular payments to the terrorist organization, which goes under the name of United Self-Defense
Forces. Was Hills in the wrong for condoning the payments? Or should he be charged? At first blush, it seems as though Chiquita is in the wrong. Making payments to
any terrorist organization could be considered a bribe of the worst kind. U.S. prosecutors agree, pointing out that any money paid to any terrorist organizations is tantamount to murder: In
other words, money of that kind is being used to pay for weapons which are, in turn, used for terrorist attacks (Cohen, 2007). Dean Body, a spokesman for the Justice
Department, comments that "if the only way for a company to conduct business in a particular location is to do so illegally, then the company probably shouldnt be doing business
there" (Cohen, 2007; p. 10). However, cases of this type are rarely black-and-white. For one thing, Chiquita acknowledged the payments - and in
pleading guilty to engaging in transactions with a terrorist group, agreed to pay $25 million in fines (Cohen, 2007). Furthermore, with all due respect to Dean Body, if he likes
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