Octopus, noo, not Paul…
Sep 17th, 2010 by crystallee
http://www.cdeclips.com/en/hongkong/fullstory.html?id=48742
If you’ve been to Hong Kong before, you will know how convenient the Octopus Card can be. It was originally designed to be a payment system for all public transport. Today, it can be used almost anywhere. And folks, you no longer have to dig change out for pop because it can even be used at a vending machine!
It was found out recently that the CEO of the Octopus Card company had sold clients’ personal data, earning a profit of $44 million. According to the article, this is an example of ‘a lack of honesty and social responsibility’, but most importantly, an excellent example of poor business ethics. Even though Chan did not openly admit that she was the one who sold the company’s clients’ personal data, it is obvious that she played a huge role in this incident as she resigned shortly after this issue was made public.
It is important for the government to put enough regulations on companies, but it is as important for companies to follow them. How does management not become suspicious after having such a large profit even after there is no significant growth in client numbers?
Poor business ethics? I think yes.