Insider Trading, Genocide, and Why Good People Do Bad Things The business section of the New York Times Sunday edition is often a depressing read, as it was on July 28, 2013 when page BU1 carried a story about Steve Cohen’s SAC Capital Advisors and its apparently endemic culture of insider trading. In light of the many convictions and guilty pleas of SAC employees, the government’s allegation […] View
The Power of Empathy Many of our Ethics Unwrapped videos carry messages arising from the field of Behavioral Ethics. That same area of research has demonstrated the important role emotions play in constructing our moral beliefs and shaping our moral actions. We tend to feel guilt when we violate moral rules and shame when others find out we have […] View
Boy Scouts, Gay Rights, and the In-group/Out-group Phenomenon In teaching ethics, I focus upon helping people live up to their own standards rather than trying to talk them into accepting mine. None of our Ethics Unwrapped videos are aimed at foisting particular moral positions upon viewers. However, I am going on the record here as applauding the Boy Scouts of America’s decision to […] View
You’ve Been Rated Zach Boven, author of this post, is a recent graduate of the Business Honors Program at the McCombs School of Business. He wrote this blog post as part of an assignment for a business law and business ethics class. It was the best of a good lot. A female friend of mine at Washington State […] View
My Group Versus Your Group It seems obvious that people should judge the ethicality of others’ actions in an objective and fair way. What is not so obvious is how difficult it often is to do that. One reason why it is difficult to make such objective judgments is our tendency to sort ourselves and others into groups and to […] View
The Atlanta School District Scandal I was recently asked to give an ethics talk to a group of high school principals in training. For a time my mother was a public school teacher and a principal, and in my mind these people are to be greatly admired. Although a recent survey found teachers to be a pretty happy and satisfied […] View
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