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Tremendous Blows in Operation of Exxon and Ashland Inc.

When you take a look at such companies as Ashland and Exxon, you will find the news about their operations, and most of them are lit in a negative manner. Basically, it’s all about a bad approach taken by their bosses after the incident that ended up with oil spills in Alaska in 1989. Keep in mind that both of these major companies suffered huge blows to their operations, but the main difference is how they chose to deal with these situations and solve relevant problems.

When it comes to Ashland, this company fast understood that accepting its full responsibility for oil spills and taking the necessary actions to solve this major issue would be an expected public perception, which meant everything for running a successful business afterwards. That’s why its bosses seceded to spend more than $50 million to clean up these oil spills and avoid lawsuits, they ended up saving a lot of money and their reputation. The main reason is that if their public image dropped, their sales would reduce considerably. This is what happened to Exxon, a company that was faced with the same situation and ended up with major financial difficulties.

Almost 30 years ago, an oil storage tank that belonged to Ashland split apart and was damaged at one oil storage facility placed in Pennsylvania. The worst part is that this tank split whilst being filled to its capacity for the 1st time after being dismantled to be relocated to a new place. Keep in mind that its split released oil over containment dikes, across parking lots, and into a storm drain that went directly into the nearby river.

Within a few minutes, oil moved down this river to be dispersed there while contaminating the main drinking water source for a large number of local people. Don’t forget about other damages, including killing the wildlife, causing a lot of harm to river ecosystems, ruining private properties, and affecting many businesses in this area. The good news is that this company took its responsibility and did it best to minimize negative effects fast.

In addition, you should get a better idea of the oil spill of Exxon because it was a tragedy that is hard to forget. The oil vessel departed from a terminal while carrying a lot of oil and maneuvering. It ended up with spilling endless gallons in Alaska, and there were multiple victims who suffered in this region. The main problem is that there are still certain negative consequences related to this oil spill because this company refused to handle it.

When you take a look at such companies as Ashland and Exxon, you will find the news about their operations, and most of them are lit in a negative manner. Basically, it’s all about a bad approach taken by their bosses after the incident that ended up with oil spills in Alaska in 1989.

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Assignment ID
100001138
Discipline
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CREATED ON
August 28, 2016
COMPLETED ON
August 29, 2016
Price
$32
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Essay Example Comments
Christ25
December 8, 2016
Christ25
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Christ25
December 3, 2016
Christ25
5/5 Excellent work!!
Christ25
December 1, 2016
Christ25
Thank you so much! You helped me lot :) 5/5