VW and the toxic problem of corporate amnesia
When it was revealed that VW had been cheating on emissions tests, people were shocked. The automaker that had styled itself as a champion of corporate social responsibility and clean technology suddenly no longer looked so ethical.
It turns out this is not the first time VW has cheated emissions tests. As far back as 1973, VW had been fitting defeat devices to cars. The company was pursued by the EPA and eventually settled out of court with a fine of $120,000 (£78,500). So why didn’t VW learn its lesson?
Many companies readily forget costly lessons they learn following gross acts of irresponsibility. This is what happened in the Bangladeshi textile industry in the run-up to the collapse of Rana Plaza in 2013, despite multiple factory collapses and a factory fire in previous years.
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