In the annals of Business Ethics, Oceangate is likely to be part of the curriculum for next one hundred years.

The disastrous implosion of a carbon fiber submersible has all the elements of melodrama as well as a long, long list of issues found in business ethics.

We can start with Hubris, an epic and fatal grandiosity seldom equaled and generally when equaled only in fiction. Then we have lies, exaggerations and misleading claims. Then we have untested materials, unproven procedures and an almost comical lack of money to do things right.

And a truly epic number of documentaries not to mention public hearings where the testimony was often fascinating, challenging and sometimes hard to believe.

In the last few days, the Coast Guard released its final report. I link to a news article on that subject below.

https://www.yahoo.com/news/articles/coast-guard-releases-final-report-121424630.html

(Quoted directly from the article above.) Rush, the co-founder of OceanGate, was among those killed in the June 2023 implosion. Had he survived, the Coast Guard’s investigative team would have recommended manslaughter charges to the DOJ, the report said.

“This marine casualty and the loss of five lives was preventable,” Jason Neubauer, Titan MBI chair, said in a statement about the report’s release. “The two-year investigation has identified multiple contributing factors that led to this tragedy, providing valuable lessons learned to prevent a future occurrence. There is a need for stronger oversight and clear options for operators who are exploring new concepts outside of the existing regulatory framework.” (End of Quote.)

Indeed, manslaughter charges would have been appropriate. That he fooled others was not forgivable, that he fooled himself, merely ironic.

James Alan Pilant