Case Study:
The Ford Pinto case
Incorporate three specific laws (e.g. contract, tort) that apply to the corporate decisions in this case. Discuss how the philosophy of economist Milton Friedman may have influenced the employees, executives/managers of the company. Discuss Ford or Lee Iacocca moral responsibilities to stakeholders and to the safety of customers. In addition, identify an ethical framework (ethical perspectives, i.e. free market ethics, utilitarianism, deontology, virtue ethics or ethic of care) other than Free Market Ethics that applies to this situation and discuss how it may have influenced the executives of the company.
Write your answer in 1500 to 2000 words.