Jailing Unethical Executives Financial journalist Bethany McLean has co-written two of the best books on recent financial scandals—The Smartest Guys in the Room about the Enron debacle and All the Devils Are Here about the subprime mess. In her blog, McLean recently addressed the question: “Does Jailing Executives Make Much Difference?” Judging from public reaction, jailing white collar […] View
Ethics Education: Part II In my last blog entry, I discussed Melissa Korn’s recent Wall Street Journal article entitled “Does an ‘A’ in Ethics Have Any Value?” I argued that business schools should teach ethics because, first, schools should teach what they think is important. Second, I argued that B-schools should train those students who do wish to act […] View
Ethics Education: Part I The title of a recent Wall Street Journal article asked: “Does an ‘A” in Ethics Have Any Value?” The article discussed in modest detail several issues relevant to modern business ethics education : Should ethics be taught? Can ethics be taught? If the answer to those questions is ‘yes,’ should it be taught through a […] View
Is S&P the next Enron? In a recent New York Times column, Floyd Norris noted in detail the obvious similarities between the downfall of Arthur Andersen during the Enron debacle and the recent troubles of Standard & Poor’s and other credit rating agencies (CRAs). Arthur Andersen was in an inherent conflict-of-interest situation. Like all auditors, it was paid by its […] View
Revenge Porn Sites In teaching ethics in a business school, I typically focus upon decision making errors that well-intentioned people make. I do so because I believe that most of my students do have good intentions, as do most people in business. They want to have careers that they can be proud of. But even people of good […] View
Ethics in Politics The inability of Congress and the President to work together to avoid the “fiscal cliff” until well after their failure to do so had caused real damage to the American economy highlights a deeply troubling problem in the U.S. democratic system. It is tempting to put all the blame on politicians for America’s bitter ideological […] View
Conscious Capitalism Most of my blogs have addressed individual ethical decision making with particular attention paid to behavioral ethics. This is natural, because Ethics Unwrapped ’s initial videos have largely concerned these new concepts. However, the ethical decision making and actions of business entities are also very important. In most business ethics courses, the topic of corporate […] View
Back to the Movies—Les Miz In my previous Ethics Unwrapped blog post, I noted that in Steven Spielberg’s movie “Lincoln,” President Lincoln is portrayed as have taken a utilitarian ends-justify-the-means approach to securing passage of the Thirteen Amendment in order to end slavery. Rather than follow a deontological, rule-based “thou shalt not lie” approach, Lincoln is willing to tolerate lying […] View
Lincoln the Movie There are two primary means of resolving ethical dilemmas. The deontological approach is rules-based–don’t lie, don’t steal, keep your promises, etc. Then there’s the teleological or utilitarian approach, which judges the morality of competing approaches by their consequences (“greatest good for the greatest number”). Both approaches are respectable. They often lead to the same conclusion […] View
How Will You Choose? When Lance Armstrong realized that nearly every winning cyclist in major cycling was doping and that he would have to start doping to beat them, he started doping. When Mark McGuire realized that scores of top home run hitters in the major leagues were doping and that he would have to dope to stay among […] View