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December, 2004

 

Should You Call in Sick If You Aren't? Christian Science Monitor, December 30, 2004 By Marilyn Gardner
	Whatever the industry, workplace experts do not see evidence of widespread abuses of sick leave. General-leave policies in particular can create "an environment of trust," says Linda Trevino.
At Holidays, Enough Isn't Enough The Washington Post, December 23, 2004  By Valerie Finholm
	"Holidays are the perfect example of how we never have enough," says Laura Nash, a senior lecturer in business administration at Harvard Business School and co-author of "Just Enough: Tools for Creating Success in Your Work and Life." Nash says the book was based on interviews with successful but not necessarily content businesspeople, but its findings could be applied to everyone. (Also appeared in the Houston Chronicle, Charleston Gazette, and The Cincinnati Post.
A Moral Frame of Mind - ETHICS - Della Bradshaw Learns How Classroom Practice Can Help Calibrate an Executive's Decision-Making Financial Times, December 20, 2004  By Della Bradshaw
	Following the unprecedented number of corporate corruption scandals in recent years, one of the taxing questions facing business schools is whether ethics can be taught. At Emory University's Goizueta school in Atlanta, Georgia, professors believe ethical practice can be acquired, and are bringing in science to prove it. About 20 of the school's executive MBA graduates have undergone brain scans so that their actions can be analysed in situations where they are asked to make ethical choices. There are plans for the newly enrolled EMBA class to go through the same experience. Professors at Goizueta say they will only take the data they learn from the scans to develop practice techniques for the classroom. "The intervention is educational, not medical," says Diana Robertson, professor of organisation and management at Goizueta.
Maybe they really shouldn't have St. Petersburg Times, December 17, 2004 By Ron Matus
	While parents still give lots of cards and cookies as Christmas gifts, more and more of them are stuffing teachers' stockings with cash, jewelry and gift certificates to Outback Steakhouse and Barnes & Noble. Most teachers love the upgrade in presents, and parents who can afford them love to give them. The practice has become so entrenched that few school districts in the United States, and none in the Tampa Bay area, have policies to regulate it. But at the risk of sounding Grinchy, some ethics experts say the growing value of teacher gifts has unleashed the specter of influence peddling and favoritism. "It's a bad thing," says Patricia H. Werhane, a business ethics professor at DePaul University in Chicago. "It's nice to give teachers a little present, something very small, under $10 ... but when you get over that, you're putting the teacher on the spot." (Appeared on Scripps Howard News Service and in the Chicago Sun-Times.)
There are lies, darn lies and business lies Orlando Sentinel, December 12, 2004 By Susan Strother Clarke
	When I hear about people lying it turns my stomach -- though fibbing sometimes seems as prevalent in the business world as shaking hands. In recent years, there have been no shortage of tall tales, thanks to executives at Enron, WorldCom and Adelphia. Most recently there's the fudging that came out at the Disney trial, where shareholders are suing CEO Michael Eisner and former directors over the severance paid former president Michael Ovitz. "Are the rules different in business? I should hope not," said Linda Trevino, a professor of business ethics at Pennsylvania State University.
Generation Why Is Opting Out of the Rat Race Selfish or Selfless? Straits Times, December 11, 2004 By Cheong Suk Wai
	In a survey of values and aspirations which polled 1,500 Singaporeans here, National University of Singapore business dons Kau Ah Keng, Jung Kwon, Thambyah Siok Kuan and Tan Soo Jiuan found that most of them embodied what they call 'aspirers', those who are well-educated and not willing to be bound by family or social mores. Tellingly, their study found materialism on the decline among Singaporeans, who personally value warm relationships, self-respect and self-fulfillment much more than money. In a February HBR article, Harvard Business School professors Laura Nash and Howard Stevenson noted that, in the past decade, traditional career paths - of doctor, lawyer, engineer, accountant and so on - have become pointless because professionals find themselves 'overworked and undersatisfied in the boom and competitively vulnerable in the bust'. Opting out to change gear is also about revising career choices that were made earlier, younger, poorer and not entirely for the right reasons.
CEOs Name Five Most Important Corporate Ethics Issues Corporate Board Member, December 8, 2004
	In survey responses, CEOs indicated that the five most important corporate ethics issues facing the business community are: 1) regaining the public trust; 2) effective company management in the context of today’s investor expectations; 3) ensuring the integrity of financial reporting; 4) fairness of executive compensation; and 5) ethical role-modeling of senior management. Says the Institute’s Academic Director R. Edward Freeman, “There is clearly a heightened sensitivity among business leaders to the importance of these issues.” Says Institute Executive Director Dean Krehmeyer: “The Mapping the Terrain survey helped shape the curriculum for the Institute’s initial CEO Seminar on Business Ethics which takes place later this month and the results also set the roadmap for our research agenda. Our aim is to help leaders put business and ethics together.”
Ethics Update: Tighter Rules, Sharper Focus Corporate Board Member, December 1, 2004 By Randy Myers
	Three years after Enron and two and a half years after Sarbanes-Oxley, public scrutiny of companies’ behavior continues to build. Director interest in ethics “is higher than I’ve ever seen it,” says R. Edward Freeman, academic adviser to the newly formed Business Roundtable Institute for Corporate Ethics at the University of Virginia’s Darden Graduate School of Business Administration.
A Balanced View of Success: Why Having It All Isn't All That US Banker, December 1, 2004  By Karen Krebsbach
	Forget about hard work, passion, focus or risk-taking. They'll ensure neither success nor happiness, though don't tell that to the hyperachievers. "Perhaps it has never been more apparent...that success is clearly about more than making money," note authors Laura Nash, a Harvard Business School senior research fellow, and Howard Stevenson, a Harvard Business School professor, in their new book, Just Enough. The authors, who interviewed numerous executives and reviewed dozens of case studies, argue that success is measured in the calibrating of four conflicting human needs: professional and personal achievement; happiness; positive impact on loved ones and community; and leaving a personal or professional legacy.
The critical difference Directors and Boards (Fourth Quarter), December 2004 By Steve Odland
	Because of constant change and dynamism, the American corporate is alive and well, although one needs few reminders of the recent difficult period of business history. The corporate ethics lapses seem to correlate with an ethics shift in American society as a whole. Ultimately good corporate governance is driven by the ethics of the individuals in the company. To that end, AutoZone Inc. established the Business Roundtable Institute for Corporate Ethics, with the leading business schools in the country, to help strengthen the link between ethics and business practices.

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