Introduction Since their start in 1850, American Express has been there to help people in need as a freight and valuables delivery service for the rapidly expanding nation that had an unreliable postal service. They have carved out a niche in places that no one had gone before and offered a service to ship larger parcels and valuable items such as jewelry, cash, stock certificates and other merchandise that helped people but also made them money. They have also taken a few chances with their money like in 1914 when they agreed to honor American letters of credit when European banks would not (Woolsey, 2005). They seemed to have balanced the art of taking risks and being profitable, so this issue is not any different than the many issues …show more content…
It has been suggested that we consider refusing to hire smokers to help reduce these costs. Other companies such as Weyco, The Cleveland Clinic, and the Massachusetts Hospital Association have already implemented such a policy. Statistics show that smokers cause increased health care costs and lower productivity, due to increased absenteeism and more breaks, if smoking is allowed on the premises. Although it is illegal to discriminate for race, color, religion, sex, and national origin, it is clearly an employer's right to choose not hire smokers. This could save medical costs but at what other costs? If something is legal, is it always ethical? Will smokers, non-smokers, and society feel this is fair treatment? Where does American Express draw the line? What about other groups that could cause increased medical costs, such as women in their child-bearing years, overweight employees, people with diabetes or other medical conditions, and those involved with dangerous hobbies or sports? What about those who drink …show more content…
Do all smokers increase costs? Would this decision be a positive or negative impact on our social responsibility? As a way to keep good employees, we could offer a smoking cessation program or a wellness program where employees have to have a certain "fitness score" that would have a direct correlation to the amount the employee contributes to their health insurance premium (Segarra, 2014). What is ultimately best for the company, our employees, and society? Recommendations American Express is aware of the following expenses that smokers can cause: smokers miss an average of about 6.16 days of work per year, as opposed to 3.86 days missed by non-smokers a smoker taking four 10-minute smoke breaks per day actually works one month less per year than non-smokers for each smoking employee, an employer shoulders an additional $3,391 per year in costs — including $1,760 in lost productivity and $1,623 in excess medical expenses, and in a year’s time, smokers make more hospital visits per 1,000 employees (124 vs. 76), have a longer average length of stay (6.5 vs. 5 days) and make six more visits to healthcare facilities than non-smokers (Gould,
In 1871, the banking house of Drexel, Morgan & Co. was established by John Pierpont Morgan. "Twenty four years later it was renamed J.P. Morgan & Co., which it was to remain until the firm's purchase by Chase Manhattan in 2000. (Hughes 23) At this point, Chase Manhattan was the largest banking company in the United States. This was a far cry from the 1980's when Morgan "boasted the largest market capitalization of any American bank and was more expensive to buy than Citicorp. (Hughes 11)" While J.P. Morgan could not imagine the path banking would take in the U.S. with his passing in 1913; his banking house would have a strong hold on American banking for much of the 20th century. The introduction of bank holding companies and certain laws placing restrictions on American banking such as the Glass Steagall Act of 1934 brought about many changes in American banking and allowed for the emergence of international banks to supplant the "House of Morgan" in the new era. It is no question though, that "John Pierpont Morgan was one of the most influential figures in the rise of U.S.
The unit of observations were random samples of twenty-five various employees divided into two distinct, independent populations, smokers and non-smokers. Then data on their absences from work for the previous year were obtained and used in this statistical inference. Because of a strong association between smoking and ill-health, it is generally accepted that smokers miss more work than their non-smoking counterparts. Does the smoker miss more work than the non-smoker? Data from these random samples were used to draw a conclusion….
...ter for obese individuals than for average weight individuals. The healthier workers are, the fewer medical services they use. The five leading causes of death in the U.S., heart disease, cancer, stroke, chronic obstructive pulmonary disease and diabetes — are directly linked to unhealthy lifestyles. Clearly, encouraging healthful habits presents an opportunity to improve workers’ well being, reduce the need for medical services and help control costs.
The people in the workplace can be categorized into two groups: the employer and the employees. The employees work for their employer and in turn, the employer has the duty and responsibility to ensure that the minimum safety requirements are met. However, employers are not required to provide health insurance benefits to their employees. More often than not, providing health insurance benefits is very costly to the employer and in an attempt to mitigate the costs, employers’ encourage employee participation in various healthy lifestyle programs and initiatives as well as providing incentives for their participation in such programs. These kinds of actions are not always met with enthusiasm, some find it unreasonable to be expected to do so on their own time to change their lifestyle to suit their employers.
“Consumers today is on the go, multitasking and reaching them is much more difficult than it used to be. Habits are changing high tech gadgets are a must and music and TV is dialed up on demand dictated by the consumers. Consumers are choosing how they want to interact with the environment on their turns. A trend that has created many challenges for companies that are seeking new customers. No longer do American Express has just a captive audience watching three networks or going to the mailbox as their only incoming source of information and correspondents. Consumers are choosing how they want to interface and interact. Marketers need to be where consumers want them. Consumers have various cards to choose from and repeat offers in the mailbox all over ruined with options and as a result, finding a good time to talk with marketers require more creativity. Today, there is too many messages, and American Express trying to figure out if anything getting through” (Kotler & Keller, n.d.).
Smoking cigarettes is a detrimental practice not only to the smoker, but also to everyone around the smoker. According to an article from the American Lung Association, “Health Effects” (n.d.), “Smoking is the leading cause of preventable death in the U.S., causing over 438,000 deaths per year”. The umbrella term for tobacco use includes the use of cigarettes, cigars, e-cigs and chewing tobacco. While tobacco causes adverse health consequences, it also has been a unifying factor for change in public health. While the tobacco industries targets specific populations, public health specifically targets smokers, possible smokers, and the public to influence cessation, policies and education.
During the past year Wells Fargo, a well-recognized bank of the United States, has been trying to clean its name and the mess it got itself into, when it was brought to the public that the bank was involved in generating fraudulent checking and savings accounts for its clients without their knowledge or their authorization. “The way it worked was that employees moved funds from customers' existing accounts into newly-created ones without their knowledge or consent”
The risk of lung cancer among cigarette smokers increases with the duration of smoking and the number of cigarettes smoked per day. This observation has been made repeatedly in cohort and
The expected benefits from an increase in the tax would be additional revenues of $9.4 billion, decline in cigarette sales and a decrease in youth sales. “The general consensus is that every 10 percent increase in the real price of cigarettes reduces overall cigarette consumption by approximately three to five percent, reduces the number of young-adult smokers by 3.5 percent, and reduces the number of kids who smoke by six or seven percent.” (Tobacco Free Kids.org, 2007)
Dubois, Mikael. “Response to Should People with Unhealthy Lifestyles Pay Higher Health Insurance Premiums.” Journal of Primary Prevention. New York: Penguin, 2011 32-27. Print.
.I believe that the Tobacco industry is unethical, They provide a product that causes addiction and eventual death if smoking continues thought the majority of a person’s life. I think that the tobacco industry needs to take more responsibility for their product. I believe they should do this by not advertising on the false image of being a cigarette smoker and focus on what consumers are actually going to receive for their money when purchasing cigarettes. They should focus on the feeling it gives people, and what the cigarette experience actually is in the most literal terms. Also cigarette companies should tell costumers upfront in easy to read labels the long term and short term effects of smoking to let people clearly know what they are buying and what it’s effects are.
The sale of cigarettes and tobacco is a multi-billion dollar industry, but is it truly worth all the problems that stem from their use? Health care costs are extremely high due to all the health problems associated with cigarettes and tobacco. Even though research has proven time and time again the harmful effects of cigarettes, and the rising cost of health care caused by cigarettes, our government will not take a stand and stop all manufacturing of the horrible toxins. Every year, new medical reports are issued regarding the harmful effects of smoking cigarettes. Hundreds of thousands of people around the world die every year from diseases caused by smoking.
In the article “Thank You for Smoking…?” by Brimelow, the major claim is that smoking, in some ways, may be good for one and one’s health. Brimelow reports that people who smoke have half the risk of getting Parkinson’s disease compared to that of non-smokers. People who smoke have been found to have a 50% less chance of getting Alzheimer’s disease. Smokers have a 50% lower rate of prostate cancer than that of non-smokers and a fifty percent chance of developing colon and ulcerative cancer. It is clear that smoking can considerably reduce the chance of contracting some of the most deadly diseases in the United States today (Brimelow 142).
Those opposing a smoking ban say that freedom of choice would be affected by such legislation. Some people against a ban say that smoking bans damage business. A smoking ban could lead to a significant fall in earnings from bars, restaurants and casinos. Another argument is that the smoker has a basic human right to smoke in public places, and the ban is a limitation for smokers’ rights. Businesses, smokers, publicans, tobacco industries, stars, and some of the non-smokers oppose public smoking ban. Smokers light a cigarette because they need to smoke, not because they want it, because nicotine is physically addictive. Therefore, some smokers think that the public smoking ban is oppressiveness. They see the ban as a treatment to smokers as second-class citizens. Smokers agree that the smoking ban benefits the world, but cannot support the ban, because effects of nicotine obstruct them.
Solidary . Adds a lot of money to the treasury. But the smoker utilize medical care more than non-smokers .