Duty to disclose: The law or just good public relations?
If you had just bought a $23 million corporate jet, do you think the manufacturer would tell you if it knew the airplane had a potentially dangerous mechan

If you had just bought a $23 million corporate jet, do you think the manufacturer would tell you if it knew the airplane had a potentially dangerous mechanical problem? When a dozen professional pilots were asked that question, each responded in the affirmative. “Of course–the OEMs are required by law to disclose that sort of thing,” one said. But the truth isn’t quite so simple.

Would your CEO think his multi-million-dollar investment entitled him to a heads-up if the OEM knew there was something wrong with the aircraft? David Wetherell certainly would have thought so–if he’d given it any thought at all, which he hadn’t.

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