Solved by verified expert:FIN 400Documents uncovered after the Exxon Valdez oil spill in Alaska revealed that Exxon could have used double-hulled oil tankers that would have prevented the spill, but the cost of refitting their fleet of single-hulled tankers was considered too high. Exxon determined that the cost of cleaning up an oil spill would be less than the cost of refitting the ships, thus increasing shareholder value. Several years after the oil spill, however, Exxon was fined billions of dollars for the spill. How do the costs of the clean up and the fines pertain to a discussion of maximizing shareholder value and ethical responsibility?Your initial post must be in your own words, be a minimum of 350 words in length. BUSN311Prompt: Find a company that has been in the news recently. One site to consider for your search is corpwatch.org. (There also are many you can find with a simple Google or Bingsearch.) Using the material that you read in Appendix B of “The business guide to legal literacy: what every manager should know about the law,” (part of Lessons, Required Reading), write a minimum 275 word response where you clearly identify and discuss at least two legal topics from Appendix B that apply to the company you found. Clearly list and define each legal topic that you are discussing, i.e. contracts, product liability, etc. Incorporate the material from the Lessons and Required Readings along with your own scholarly outside research. The link to the chapter is located in the Lessons section of the course. Please review the grading rubric that is posted in the Gradebook section. Please do not use attachments in the forums.
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