In earlier blog posts, we have repeatedly told tales of grandiloquent young entrepreneurs and their downfall — Elizabeth Holmes at Theranos (“Elizabeth Holmes: Scamming Silicon Valley), Billy McFarland of Fyre Festival infamy (“Under Fyre”), and Ross Ulbricht, creator of Silk Road (“Silk Road: Paved by Grandiosity”). Reeves Wiedeman’s book the Billion Dollar Loser: The Epic […]
Ethics Unwrapped Blog
Theranos CEO Elizabeth Holmes promised to revolutionize blood testing technology, but behind all the hype was a massive fraud.
I don’t always agree with President-elect Donald Trump, but I concurred when he tweeted, in the wake of House Republicans’ secretive January 2, 2017 vote to gut the Independent Ethics Office: “With all that Congress has to work on, do they really have to make the weakening of the Independent Ethics Watchdog, as unfair as […]
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 […]
The moral example set by leaders has a major impact on the behavior of their subordinates, both good and bad. Despite career success, leaders are particularly vulnerable to ethical lapses.
There is no single correct way to teach business ethics. A common approach combines philosophy and character development. Teachers impart philosophical concepts for resolving difficult ethical issues and encourage students to develop and hone strength of character to give them the means to actually implement the solutions that develop. Any regular reader of this blog […]
Behavioral Ethics investigates why people make the ethical (and unethical) decisions that they do in order to gain insights into how people can improve their ethical decision-making and behavior.
Abramoff’s version of overconfidence bias, which is our tendency to be more confident about our moral character and our ability to act ethically than is objectively justified.
Featuring former lobbyist and convicted felon Jack Abramoff, this 25-minute documentary explores the biases and pressures he faced, and the consequences of his unethical decisions.
The overconfidence bias is our tendency to be more confident in our ability to act ethically than is objectively justified by our abilities and moral character.
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 […]
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 […]