The managers of Lehman Brothers, whose bankruptcy helped propel the 2008-2009 financial crisis, used loopholes in U.K. law to hide billions of dollars of worthless assets in its balance sheet to disguise its poor financial condition. Which of the following approaches to social responsibility is illustrated from this example?

Question

Quizplus · Accepted Answer

Lehman Brothers' actions illustrate an obstructionist approach to social responsibility, where the company actively concealed information and exploited legal loopholes to hide its financial problems, rather than addressing them transparently.

The Managers of Lehman Brothers, Whose Bankruptcy Helped Propel the 2008-2009