Business Ethics Blog Post – Anthony Fung

The article I chose from is in the optional reading for class 3 prep, the title of this article is “CVS vows to quit selling tobacco products” that was written in February 2014. The summary of this article talks about the Company, CVS, decides to stop selling any cigarettes related products by October this year. Relating to business ethics, even though the company is about to lose over $2 billion from not selling cigarettes, they are still providing healthcare to diseases related to smoking in pharmacies. CVS is being responsible not only to the customers that purchases their cigarettes but also to the society. By having not only the marketing or accounting sector of the company working together, the company also used scientists and pharmacists to ensure the customer’s having proper treatment after purchasing their product. Referring back to Freeman’s Stakeholder theory, the executive of CVS made this decision not just to satisfy the customers but also showing his or her employees and shareholders that he or she has the responsibility for selling cigarettes. Quoting from the article, CVS has made “an unprecedented step in the retail industry” and predicted it would have “considerable impact”, and I truly support that.

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