BUSINESS

ETHICS?“Accordingly, executive bonuses provide the perfect tool to screen candidates for the CEO job. Anyone who insists on them should be dismissed out of hand, because he or she has demonstrated an absence of the leadership attitude required for a sustainable enterprise. Of course, this might thin the roster of candidates. Good.”

MINTZBERG for WSJ

Ethics at work

Financial Crisis: Ego Management:

GREENSPAN• Federal Reserve Board 1987-2006

• SAVE THE WORLD

• Free Market = BEST MODEL

• Deregulation by Govt. = ERROR

• SHEILA BAIR: dismissed

• Self-interest can moderate itself

• Not all Derivatives are bad

• WORLD CRISES: 2007-2012 +

• WERE YOU WRONG? www.pbs.org/wgbh/pages/frontlne/money-power-wal-street/

PBS FRONTLINE: “Money, Power and

Wall Street.”

SAMPLE 1BP: Oil Spill crisis CEO disconnect

SAMPLE 2Maple Leaf Foods: deaths

CEO connect

Orwin: Can we teach ethics? When pigs fly.

• Ethics is not about oaths

• Can ethics be taught?

• Ethical Character BEFORE University

• Narrow ethics = what is penalized

• Study ethics = refines understanding

• Danger of self-celebration; a pose

www.theglobeandmail.com/commentary/can-we-teach-ethics-when-pigs-fly/article1204475/

“Students indifferent to justice just aren’t going to

be won over to it by anything that I could say.”

“SANTA CLARA” CASE STUDIES:Easy on the Wallet or Easy on the

Earth

•Company: Fashionforward

•Brilliant Marketing Intern: Carly Leblanc

•Greater Success = Greater Dilemmas

•OPTION 1: Order from low-cost company in China Total= $1,100

•OPTION II: Order from fair-trade company in San Francisco Total= $8,595

•+ YOUR Case Study: Unit 10, “Principles or Profit?” www.scu.edu/ethics/practicing/focusareas/business/sourcing

ETHICAL SCHOOLS: The Thomas Jefferson Center

for the Study of Core Texts and Ideas

• Socrates/Aristotle

• Cicero

• Bible/Quran

• Machiavelli + Montesquieu

• Kant

• Smith + Mill

• Nietzsche + Heidegger

www.utexas.edu/cola/centers/coretexts/courses/

www.blogtalkradio.com/westernwordradio/2012/05/02/an-interview-with-thomas-pangle

QUESTIONING: BUSINESS ETHICS• Can ETHICS be taught? Or isn’t our CHARACTER formed well in advance of

University? But then WHO teaches Ethics? How are ethics and The Law related? Only negatively? Are ethics and the divine related? Which takes precedence?

• What do you think of ORWIN’S article? Pachner´s? What is the purpose of OATHS in ethics? Are there parallels between business and MEDICINE? Have you taken an oath? What do you think of “Santa Clara” CASE STUDIES?

• What is it about business that REQUIRES so much emphasis on ethics? How does your COMPANY deal with ethics? Which GUIDELINES does it use? Can you think of unethical behavior in COLOMBIAN companies? DMG? In International ones? ENRON? Is the PUBLIC SECTOR less ethical than the PRIVATE one? Is EDUCATION in Universities the solution? Can you give an example of an ETHICAL CEO? Doesn’t one REALLY only see ethics in times of CRISES?

• Can you discuss ethics in relation to the current FINANCIAL CRISES? What do you think of GREENSPAN? Is MARKET-FREE Globalization unethical? Why? Why not? What did previous cultures think of USURY? Do you know about Montesquieu´s SUMPTUARY LAWS? Do you think companies should learn about Aristotle/Smith/ Montesquieu/Mill?

• BUT MOST IMPORTANT: How have YOU become more ethical? www.amelo14.wordpress.com/2012/07/19/reflections-the-

business-of-change/

“I have found a flaw. I don’t know how significant or permanent it is. But I

have been very distressed by that fact.”

ALLAN GREENSPAN to the Senate