Wells Fargo Goes Far to Cheat Customers At the McCombs School of Business I teach an MBA course entitled “The Legal and Ethical Environment of Finance.” I fear that I may have to retitle it “The Illegal and Unethical Environment of Finance.” The finance sector seems to be a cesspool in so many ways, unfortunately.Yesterday I had no sooner finished reading a […] View
Kaepernick, Trump, and Clinton Many people are rightly concerned with the polarization evident in our political discourse. Most supporters of Donald Trump and Hillary Clinton would likely admit that their candidate is flawed, but cannot imagine why anyone would vote for the other candidate. People who are considering voting for the other candidate must be stupid or venal. Or […] View
Hey Ryan Lochte: Own It! To be Olympic-caliber swimmers, no matter how great their natural talent, young men and women must hit the pool early in the morning day after day, week after week, and month after month for years, swimming miles and miles and miles in the process. The character that it takes to make these sacrifices and to […] View
Quid Pro Quo, Oh No! Abramoff on McDonnell When corrupt people who want something from the government come together in common cause with corrupt government officials, the results are not pretty. Thus Virginia businessman Jonnie Williams, who wanted Virginia’s public universities to study a nutritional supplement that his company made, came together with Virginia’s Governor Bob McDonnell and his wife. Soon $170,000 in […] View
Baylor Football: A Brief Behavioral Autopsy The darkest days in college athletics since the Jerry Sandusky child sex abuse scandal brought down the sainted Joe Paterno and permanently sullied Penn State University’s reputation are playing out in Waco at the nation’s largest Baptist university. The Baylor sexual assault scandal raises the question: How can values become so skewed when leadership is […] View
Our Cheating Culture There has been a lot of news about cheating lately. It turns out that as long ago as 2006, a top technology executive (not a rogue underling) at Volkswagen made a Power point presentation detailing how to cheat on diesel emissions tests. Perhaps the company felt it needed to cheat to keep up with the […] View
Biases of a Supreme Court Justice Justice Antonin Scalia will likely go down as one of the brightest minds, most forceful writers, and most colorful characters ever to serve on the U.S. Supreme Court. In many ways, he was a “giant” of the Court, as many of his obituary writers are stressing. But Justice Scalia was also a poster child for […] View
The Good, the Bad, and the Future In a recent op-ed piece, I decried the state of ethics in today’s business community. The Volkswagen emissions fraud, the Peanut Corporation of American contamination cover-up, and Turing Pharmaceuticals’ 5,000% price increase for a particular drug all happened virtually simultaneously and threw me into a bit of a funk. Every day on Wall Street, it […] View
No More Teachable Moments, Please! As a business professor, I’m always looking for teachable moments, in which a very relevant, very vivid event can make an impression upon my students and point them in the right direction. But today I say: Enough already. No more teachable moments, please. Volkswagen, my students already know that it’s wrong to put software in […] View
Do Bad, Feel Good: The Peril of Rationalization Dinesh D’Souza is a public intellectual with a strong conservative Christian bent. He is also a convicted criminal, an admitted adulterer, and a raging hypocrite. A recent interview printed in the New York Times Magazine on July 5, 2015 illustrates very clearly how, as behavioral ethics teaches, people can do very bad things yet continue […] View