Bowie Points Out That Exxon, When Charged with Following Inadequate

question 1

Short Answer

Bowie points out that Exxon, when charged with following inadequate cleanup procedures, might have been __________ at fault if their employees implemented cleanup procedures incorrectly, but this does not mean they are necessarily morally at fault.

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Definitions:

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout, increasing the number of shares owned.

Par Common Stock

Common stock issued with a nominal value expressed in the corporate charter, which represents the stock's legal capital per share.

Market Price

The prevailing market price at which you can buy or sell an asset or service.

Cumulative Preferred Stock

A type of preferred stock that entitles shareholders to receive dividends in arrears before common stockholders can be paid dividends.