1. Do you think there is value to the firm and to its shareholders of a strong ethical climate in the firm? Why or why not? 2. In 2004, the drug VIOXX was removed from the market by the...

1. Do you think there is value to the firm and to its shareholders of a strong ethical climate in the firm? Why or why not?

2. In 2004, the drug VIOXX was removed from the market by the pharmaceutical giant, Merck & Co. The drug was used to relieve arthritis pain and was especially beneficial for patients who needed a medication that was easy on the stomach. But research reports showed there was a risk of strokes and heart attacks after taking VIOXX for 18 months. Evaluate Merck’s decision on business and ethics grounds.