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March, 2004

 

What about the quality? Personnel Today, March 27, 2004 By Stephen Overell
	Norman Bowie, professor of business ethics at the University of Minnesota in the US, applies the golden rule of the philosopher Immanuel Kant to the workplace. The belief that we are lucky to have a job is so deeply ingrained that we tend to think the only rational thing to do with jobs is to count them.
Interview: Laura Nash of Harvard Business school discusses increase of religion in the workplace; mentions her book, "Just Enough" NBC News: Today, March 19, 2004 By Campbell Brown
	"I think it's now permissible to say, `This is who I am. This is what I believe.' I'm hearing it more in the workplace. I'm hearing it more about ethics in the workplace. " Campbell Brown, anchor: Laura Nash is an expert in workplace ministry who teaches courses on management and corporate ethics at the Harvard Business School.
Business Roundtable Institute for Corporate Ethics Names Executive Director The New Hampshire, March 15, 2004 By Dan Roberts
	The Business Roundtable Institute for Corporate Ethics--a first-of-its-kind ethics center formed in partnership between the Business Roundtable and leading faculty from the country`s top business schools--announced today that it has named Dean W. Krehmeyer as its first Executive Director. Darden Professor R. Edward Freeman, the Institute`s Academic Director, hailed Krehmeyer`s arrival as an important moment for Institute. ''With the current awareness of business ethics there is a real opportunity for us to make a difference--to help put business and ethics together,'' said Freeman, ''getting the right person to be the Institute`s initial Executive Director was crucial.'' (Also appeared in the following university and college publications: the Daily Orange, The Spectator, the Cardozo Insider, the Quadrangle, The Communique, The Mustang, The Pilot, Channels, The Brigadier, Cavalier Daily, The Phoenix, The Quad, and The Chanticleer, The Campus Observer.)
MBA Course Focuses on Leaders Led Astray Financial Times, March 15, 2004 By Dan Roberts
	Thomas Piper, author of Can Ethics Be Taught? and another professor on the course, says it is important to recognise the slippery slope in front of all of us. In classrooms dotted around the immaculate grounds of Harvard Business School, 900 business leaders of tomorrow are discovering how fine the line is between becoming a superstar and going to prison.
Authors Point To Greed In Executive Downfalls The Boston Globe, March 14, 2004 By Diane E. Lewis
	Where did Martha Stewart, the doyenne of good taste, go wrong? Laura Nash, a senior research fellow at Harvard Business School who teaches business ethics, summed up the reason for Stewart's recent fall in one word: greed. Stewart was convicted last week in US District Court on all counts relating to a conspiracy to cover up her sale of $228,000 worth of stock based on an inside tip.
In My Opinion Blue Ridge Business Journal, March 12, 2004 By Dan Smith
	A couple of weeks ago, Roanoke College was host for the 2004 Ethics Bowl, a program from the Virginia Foundation for Independent Colleges, which involves students at Virginia's 15 private colleges in competitive debate about ethical issues. The Ethics Bowl followed closely on the heels of the announcement by the national Business Roundtable (not to be confused by the Roanoke Valley group of the same name) that it will create a business ethics center "designed to renew and enhance the link between ethical behavior and business practices" at the Darden Graduate School of Business Administration at the University of Virginia.
Parmalat Woes Echo Recent U.S. Scandals - EU Considers Tightened Accounting, Audit Rules After Dairy's Investor's Business Daily, March 11, 2004 By Christina Wise
	Late last year, auditors and bank officials began to dig into Parmalat's books. Two days after Christmas, the firm filed for bankruptcy. At last count 15 people - including the firm's founder Calisto Tanzi, his son, daughter and a number of the firm's financial officers - were in jail on fraud charges. In some ways, the fraud at Parmalat was much more straightforward than the manipulations at some American firms such as WorldCom and Enron, says Thomas Donaldson, professor of legal studies at the Wharton School of the University of Pennsylvania.
New Business Roundtable CEO Survey Shows Continuing Improvements in Corporate Governance Practices Yahoo Finance, March 9, 2004
	The Business Roundtable, an association of CEOs of 150 leading U.S. companies, today released its second annual survey of corporate governance practices among its members. The new results show strong progress from the solid findings in the initial CEO corporate governance survey last July. In addition, the new survey shows that, after implementing significant corporate governance measures in 2003, companies are planning further steps for 2004 on issues such as director education and evaluation, compensation and executive sessions. "The results in this survey reveal a growing trend towards greater board independence and oversight, more transparency and increased communication with shareholders," said Steve Odland, Chairman, President and CEO of AutoZone, Inc., and Chairman of the Roundtable's Corporate Governance Task Force. "The results of this survey show that the CEOs and boards of America's largest companies have taken corporate governance reforms seriously, and are strongly committed to promoting investor confidence," said John. J. Castellani, President of the Roundtable. (Also appeared in PR Newswire, Icmarc.Newsalert, AccountingWeb, AccountingEducation.com, and Airport Business.)
Schools stand trial along with disgraced alumni; Corporate Scandals Touch Some of North America's Best Alma Maters The Globe and Mail, March 8, 2004 By Gordon Pitts
	Some of North America's proudest educational institutions stood on trial last week, along with their convicted, investigated, indicted and resigned-under-pressure alumni. Harvard isn't alone in being caught in the Enron stigma. Former chief financial officer Andrew Fastow and his wife, Lea Fastow, are both Tufts University BAs with MBAs from Kellogg, and both have pleaded guilty to fraud. Mr. Fastow "is not one of our alums we're proud of," observes David Messick, an ethics professor at the Kellogg School.
Kellogg Denies Guilt; Harvard Copes With Alumni Lapse Bloomberg News, March 8, 2004 By Liz Willen
	Corporate scandals surfacing since the collapse of the energy trader Enron led Congress to pass the Sarbanes-Oxley Act overhauling corporate governance laws in 2002 and prompted President George W. Bush's administration to create a white-collar crime task force. The Business Roundtable, representing chief executives of U.S. corporations with a combined workforce of 10 million, in January announced in response the creation of an institute at the University of Virginia's Darden Graduate School of Business Administration that will train students and executives on ethics and develop new teaching materials. (Also appeared in Business Education Week, The Houston Chronicle, The Daily Record, and the Pittsburgh Post-Gazette.)
Sour Milk Strategic Risk, March 1, 2004 By Thomas Donaldson
	Thomas Donaldson, professor of legal studies at Wharton Business School, believes that Italian business culture makes scandal somewhat more likely than in other European countries. As the headline in the Financial Times said: 'Investors should be wary of a black hole'. A black hole is an object whose gravity is so strong that the escape velocity exceeds the speed of light. The forces in this particular buco nero were so strong that they have sucked more than EUR14bn out of one of Italy's best known companies, Parmalat Finanziaria.
If this, then ... T&D, American Society for Training & Development, March 1, 2004 By Cass Wright
	Just Enough: Tools for Creating Success in Your Work and Life. By Laura Nash and Howard Stevenson. At one time success was defined by a big paycheck. But now, many achievers are "looking to build something of lasting value" in our unstable world.

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