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Homework answers / question archive / Some companies are linked forever to their founders
Some companies are linked forever to their founders. A century after Henry Ford rolled his first automobiles off the assembly line, Ford Motor Company is still associated with its founding father. Bill Gates and Paul Allen are the men behind Microsoft. The legacy of their rival, Steve Jobs, is Apple. When the face of a person also becomes the face of a firm, the company can benefit from the good publicity that a personal image provides. But a founder's fate can dramatically affect the health of the firm as well, as in the case of Steve Jobs.
Discussion Assignment Instructions:
Public Has a Right to Get Information of Seriously ill Company’s Top Executive
The public has a right to be informed when a major executive takes a medical leave or is seriously ill. Top executives in the leading multinationals in the world are the face of their company, and anything that happens to them is a significant public concern. Although privacy laws to conceal some information protect the chief executive officer or other highly ranked officials, serious illness may not be protected from such regulations. The disclosure of such illness to the public is critical to avoid situations where rumors may result in sectionalized messages about the CEO's whereabouts (Temin, 2012). Communicating such critical information to the public and other stakeholders prevents vague, ad hoc, and reactive messages that may create confusion when the truth comes out. Failing to disclose such ill health information can result in public criticism. The SEC regulatory agency requires companies to disclose the whereabouts of their CEOs if they cannot perform their duties for a relatively long time (Temin, 2012). The disclosure presents such companies as transparent, which is likely to build consumers’ loyalty. Nevertheless, companies have to establish a balance to ensure respect for the affected person's privacy. Companies must seek the consent of the affected individuals before they decide to make their health status public. The approach ensures there is respect for privacy and reduces intrusion into others people's life. Companies must remain accountable to the public by delivering the correct message and disclosing issues that can alter their operations.
