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September, 2004

 

CEOs still out of control after Sarbanes- Oxley New Orleans CityBusiness, September 20, 2004 By Terry O'Connor
	Experts say the Sarbanes-Oxley Act of 2002 has missed the mark. Does anyone wonder when doing the right thing became quaint or naïve? It's truly productive. Take Tylenol, for example, which was nearly done in after its products were tampered with by a corporate terrorist. Ed Hartman, Rutgers professor and director of Prudential Business Ethics Center, said the company will long be remembered for recalling 31 million bottles of Tylenol, which cost $100 million. "They didn't need to do it, but they did because part of their mission was to stand behind their products," Hartman said. "If you focus on doing your mission well, you'll make money. If you focus on making money you'll do less well, paradoxically."
DePaul University Ethics Institute Hosts Three-Day National Conference on Ethical Decision-Making in Business, Oct. 21-23; Executives From Abbott Labs, Boeing, Blue Cross, Financial Relations Board Will Speak Oct. 22 AScribe News, September 20, 2004
	Four prominent corporate leaders who have grappled with business ethics issues within their companies and industries will discuss "Leadership in Ethics in 21st Century Corporate America" from 9 a.m. to noon Oct. 22. "The theme of the session is corporate governance after the meltdown," explained Patricia Werhane, the Wicklander Chair in Business Ethics at DePaul and IBPE director. "The speakers will explore the status of ethics and compliance in American business in the wake of Enron and in the face of new accounting and investor legislation, including the Sarbanes-Oxley Act."
CEOs with the community The Edmund Rice Business Ethics Initiative, September 17, 2004
	The Business Roundtable Institute for Corporate Ethics, based in Charlottesville, Virgina, released a survey of CEOs of members called "Mapping the terrain". CEOs were asked to prioritise their ethical concerns. The results produced the following five most important ethical issues facing businesses today: regaining the public trust; effective company management in the context of today's investor expectations; ensuring the integrity of financial reporting; fairness of executive compensation; and ethical role-modeling of senior management. (Similar mentions appeared in Imagequity, Groundskeeper, NHS Insights, and the Institute of Management Consultant -- National Capital Region.)
STEWART ASKS TO START SERVING HER PRISON SENTENCE ; SAYS SHE WANTS TO PUT PROBLEMS BEHIND HER 'AS SOON AS POSSIBLE' The Boston Globe, September 16, 2004 By Diane E. Lewis
	Hoping to put the ordeal of the last several months behind her, business executive Martha Stewart said yesterday that she wants to begin serving her prison sentence for lying about a stock sale "as soon as possible." Laura Nash, a senior lecturer at Harvard Business School who teaches business ethics, said Stewart's actions are a signal that she is ready to rebuild her life and her business. "Here is a person who put her whole life into building a business and then pushing the envelope on a stock investment caused it to unravel," said Nash. "I am sure she wants to do this for her business. This is also a sign of her commitments to others and the kinds of standards that helped to dignify her style and domestic life."
Feelings, Nothing More Than Feelings The New York Sun, September 9, 2004 By John Derbyshire
	Robert Solomon is a professor of philosophy at the University of Texas at Austin. His particular beat is the philosophy of emotions. His latest book is a collection of 11 essays loosely united by inquiries into the place of feelings in the human world. Mr. Solomon thinks that recent philosophers have had far too much to say about reason and it is time to redress the balance. He plants his standard firmly in the preface: "Whether or not life is reasonable, it is most certainly and essentially emotional. That is what this book is about: defending the sentiments and the emotions, and thus defending much-abused 'sentimentality' as well."
Dean of Darden Graduate School to Step Down at End of Academic Year Newswise, September 9, 2004
	University of Virginia President John T. Casteen III announced today that Robert S. Harris, dean of the Darden Graduate School of Business Administration, will step down from that post effective July 31, 2005. Harris, 54, will resume research and teaching as a member of the Darden School faculty. Bob Harris has guided the Darden School through a period of significant transition,” Casteen said. “Under his leadership, the school has completed one of the most ambitious capital projects ever undertaken by a business school, has achieved financial self-sufficiency, and has grown its student body by one-fourth. During Harris’ tenure, the Institute for Corporate Ethics was created. This is a $3 million program based at Darden to teach practical ethics to business leaders and sponsored by the Business Roundtable and 12 leading business schools. (Also appeared on AScribe Newswire and BusinessWeek Online.)
Blind Ambition The Washington Times, September 2, 2004 By Marguerite Higgins
	While none of the students could see whether they were being called on, Andrew Wicks, a Darden associate professor for ethics, kept the dialogue flowing smoothly. Kelly Hightower-Spruill can't see what happens at a new business seminar, but she does visualize the program opening more doors for a higher level job. Ms. Hightower-Spruill, a 33-year-old, Raleigh, N.C., resident, is one of 29 blind employees participating in a business management-training workshop designed to prepare blind people for senior management roles in the blind community and corporate America.
Outsourcing is seen as positive ; Yet more needs to be done to assist individuals affected, panel says. South Bend Tribune, September 2, 2004 By Andrew Soukup
	In an election year, words like "outsourcing" and "offshoring" are demonized as politicians pander for votes. But a panel of four University of Notre Dame professors agreed that sending jobs to other locations -- either domestic or overseas - - has long-term benefits for society as long as companies pay enough attention to the human issues associated with outsourcing. That's why Marketing Professor Patrick Murphy said, from an ethical perspective, businesses need to do a better job of informing their employees of potential outsourcing. Companies also need to ensure that displaced employees receive sufficient retraining so they can re-enter the workplace at comparative wage levels.
WHO DO YOU TRUST?: The many faces of corporate governance MSI Magazine, September 1, 2004
	The first research project of the newly formed Business Roundtable Institute for Corporate Ethics housed at the University of Virginia Darden Graduate School of Business Administration, Charlottesville, surveyed its 150-member CEOs to assess corporate America's ethical landscape. The "Mapping the Terrain" report found that 81 percent believe corporate ethical standards have risen, and 74 percent have engineered changes in how ethics issues are handled. Top ethical priorities among surveyed CEOS include: regaining public trust, effective company management in today's investment climate, ensuring integrity of financial reporting, executive compensation fairness, and ethical role modeling of senior management.
Higher Callings Government Executive, September 1, 2004 By Denise Kersten
	With the blessing of Clinton-era regulations, religious groups are bringing their beliefs into the federal workplace. Before her group was founded, Angie Tracey who works in HIV/AIDS prevention at the Centers for Disease Control and Prevention in Atlanta, says workers hid Bibles in drawers. When they talked about religion, they whispered.  But Laura Nash, a senior lecturer at Harvard Business School and the author of Church on Sunday, Work on Monday: The Challenge of Fusing Christian Values with Business Life (Jossey-Bass, 2001), says even the best-intentioned prayer groups can alienate some people. "It's like the CEO who takes up golf, and all of a sudden everyone's golfing," she says. "It looks harmless until you look around the room and see the handicapped person who can't play."

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