Adarsh Dhatt's blog

The news story I have chosen outlines the details of CVS drug stores decision to restrict the sale of cigarettes and tobacco related products. In this article it is made very clear that this will have a large impact on sales due to the amount of sales they currently transact by making this product available in stores. They have also stated that this will in fact lower the stock price of their company and cause shareholders to lose money. Although from a social standpoint this appears to be “the right thing to do,” it is in fact very wrong of them to do such a thing. This is due to business ethics; CVS is knowingly deciding to not only “spend the money of” (according to business ethics) every one of their branches, suppliers managers, possibly employees (less money = less raises) and more, they are also spending the money of their shareholders for a social cause they may not care for. It is their responsibility to make every business decisions with the objective to receive a greater return on their profits, that is what they are hired to do, that is what many depend on them to do. Although they may be trying to do the right thing, they are very wrong in using company resources to fund their personal social responsibilities.