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BUSINESS          ETHICS?“Accordingly, executive bonuses provide the perfect tool to screencandidates for the CEO job. Any...
Ethics at work
Financial Crisis:      Ego Management: GREENSPAN•   Federal Reserve Board 1987-2006•   SAVE THE WORLD•   Free Market = BES...
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 Cha...
“SANTA CLARA” CASE STUDIES:         Easy on the Wallet or Easy on the Earth•   Company: Fashionforward•   Brilliant Market...
ETHICAL SCHOOLS:                 The Thomas Jefferson Center               for the Study of Core Texts and Ideas•   Socrat...
QUESTIONING: BUSINESS ETHICS•   Can ETHICS be taught? Or isn’t our CHARACTER formed well in advance of University? But    ...
“I have found a flaw. I don’t know how significant     or permanent it is. But I have been very             distressed by ...
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KEYNOTE BUSINESS ETHICS

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Given the devastation caused by the current Financial CRISIS: can Business continue its path without questioning what ETHICS is all about?

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KEYNOTE BUSINESS ETHICS

  1. 1. BUSINESS ETHICS?“Accordingly, executive bonuses provide the perfect tool to screencandidates for the CEO job. Anyone who insists on them should bedismissed out of hand, because he or she has demonstrated anabsence of the leadership attitude required for a sustainableenterprise. Of course, this might thin the roster of candidates.Good.” MINTZBERG for WSJ
  2. 2. Ethics at work
  3. 3. 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 PBS FRONTLINE:• WORLD CRISES: 2007-2012 + “Money, Power and Wall Street.”• WERE YOU WRONG? www.pbs.org/wgbh/pages/frontlne/money-power-wal-street/
  4. 4. SAMPLE 1BP: Oil Spill crisis CEO disconnect
  5. 5. SAMPLE 2Maple Leaf Foods: deaths CEO connect
  6. 6. 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 “Students indifferent to justice just aren’t going to be won over• Danger of self-celebration; a pose to it by anything that I could say.” www.theglobeandmail.com/commentary/can-we-teach-ethics-when-pigs-fly/article1204475/
  7. 7. “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
  8. 8. 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.blogtalkradio.com/westernwordradio/2012/05/02/an-interview-with- thomas-pangle www.utexas.edu/cola/centers/coretexts/courses/
  9. 9. 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/
  10. 10. “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

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