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Managers in publicly held organizations have a fiduciary duty to maximize shareholder wealth.”
Assuming staying in Colombia was the most profitable outcome, does that fiduciary duty require that Chiquita stay in Colombia regardless of other considerations?
What did this decision cost Chiquita?
What other options might have been considered?
Have other organizations faced a similar dilemma? What was the outcome?
This case has a long history. I recommend doing additional research to identify any key facts not represented in the video, determine other stakeholders, and share what you discover with the class.
1. What would you do as the Chief Executive Officer in light of these terrorists threats?
2. As a group, determine what course of action should have been taken by the leadership at Chiquita.
There are many articles on the Web about this issue: here is one with more details.