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Ford Pinto Week 3

In: Business and Management

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Ford Pinto:
Setting the precedent for corporate crime

Caleb Bede Accounting 573: Accounting Fraud, Criminology, & Ethics Joan Moore Sunday, September 21st, 2014 Keller Graduate School of Management

2014
Caleb Bede
Keller Graduate School of Management of DeVry University
9/21/2014

Case Analysis Project: Research the Ford Pinto case in Friedrichs (p. 72 & 312) and online. Provide a brief synopsis of the case and answer the following questions: 1) What has happened to the key players since the events in this case? 2) Were the consequences they experienced as a result of their role appropriate under the circumstances and why? 3) What preventive and detective controls can be put in place? 4) How does the Ford Pinto case compare to recent Toyota recalls?
Synopsis:
With intense competition from Volkswagen and other foreign domestic car companies, Ford needed to act fast and respond quickly to the influx of subcompact cars (Business and Professional Ethics). From plenty of different websites and our books we can see that Ford was trying to create a compact car to compete with the surging market at a low price of about $2,000, and they were looking to have it out by 1970. In addition to that, their goal was also to produce, what would soon be known as the Ford Pinto, a car weighted at no more

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