Posted by Randy Gomez.
In Business Law class, I learned about business ethics and how an entity should behave as a good citizen. In this article that I found online, it explains how the Federal Communications Commission fined AT&T 100 million dollars for slowing down data speeds to some customers. According to the FCC, AT&T violated a transparency rule by misleading customers saying that their plans were unlimited, when there was a maximum speed that customers would receive. AT&T is accused of not sufficiently informing its subscribers. The FCC chairman Tom Wheeler said “consumers deserve to get what they paid for,” and that, “[b]roadband providers must be upfront and transparent about the services they provide.”
It seems that the corporation was trying to maximize their short-term profits, by not being clear enough about the services provided to the consumer. As it usually happens when a corporation acts unethically to increase their profits, AT&T hurt their profits and now is receiving bad publicity. This is a great example of why companies have to take in consideration moral and ethical principles toward their decisions, instead of just trying to maximize profits.
Randy is a business administration major with a concentration in finance at Montclair State University, Class of 2017.
Posted by ZaAsia Thompson-Hunter.
The Federal Communications Commission(FCC) is trying to enforce the disclosure of media contracts from various media companies. These companies include widely recognized corporations such as Disney, CBS, Comcast, Time Warner, and many more. These highly established media corporations oppose the order because they affirm this action will put them at a competitive disadvantage.
Earlier this month these media companies put in a request to the U.S court of appeals to stop the disclosure of their programing contracts. In response, the FCC stated that disclosure “’will aid the commission in the expeditious resolution of these proceedings.’”
Announced on November 14,2014, the media companies won the order to block the request made by the FCC. In connection, “a federal appeals court in Washington today said regulators reviewing the merger can’t immediately let third parties see the contracts.”
ZaAsia is a business administration major at Montclair State University, Class of 2017.