The Sackler Family Business: Unethical Practices and Consequences

THE SACKLER
FAMILY BUSINESS

EXECUTIVE SUMMARY
Ethics within a business refers to the moral and effective values which promotes essential
and positive practices within a business. For this aspect, Purdue Pharma has been chosen as an
organisation, which was indulged in unethical practices after development of an opioid by the
name of OxyContin.
The purpose of the report was to determine as to whether a company could be successful
if it's not ethical. For this purpose, success of Purdue Pharma with perspectives of revenue,
shareholders, board and public has been undertaken by the report. It revealed that though the
firm was commercially successful in the past, ultimately it doomed due to unethical practices.
Another agenda of this report was to suggest as to how Purdue Pharma could protect
itself from the unethical framework. Hence the report suggests that Reinforcements, Training and
Monitoring is essential for the company to protect itself from future unethical conduct.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
INTRODUCTION...........................................................................................................................1
ANALYSIS......................................................................................................................................1
Success in Terms of Revenue.................................................................................................2
Success from Perspective of Shareholders.............................................................................2
Success from Perspective of Board........................................................................................3
Success from Perspective of Public Confidence....................................................................4
CONCLUSION................................................................................................................................5
RECOMMENDATION...................................................................................................................5
REFERENCES................................................................................................................................7