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September, 2005
Company censures critical director
Anchorage Daily News,
September 29, 2005
By
Paula Dobbyn |
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David Masaak Leavitt, elected to the
board last year as an independent
candidate running on a reform platform,
was recently sanctioned for publicly
criticizing the company's dividend and
executive compensation policies and for
granting "an unauthorized media
interview."
Several experts in business ethics and
corporate governance said public
sanctions of board members are rare in
U.S. corporations. "It's extremely
seldom," said
George Brenkert,
professor of business ethics at
Georgetown University in Washington,
D.C. "Certainly boards can be split but
this is somewhat unusual."
(Also appeared in Hibernia.) |
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Local businesses
hand out comfort to Katrina's victims
PilotOnline.com, September 18, 2005
By
Georgina Stark |
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Nine days ago, Steve Stein, owner of
Virginia Beach-based Grand Furniture,
joined 11 other local volunteers
delivering more than 100 mattresses,
furniture and donated food, baby items
and cash to Hurricane Katrina victims in
the Gulf Coast.
“Lots of companies have become more
strategic in their corporate giving,
which means they’re thinking, 'How can
we offer support in a way that makes
sense to us and makes best use of our
resources?’ ” said
Andy Wicks,
associate professor of business
administration at the University of
Virginia’s Darden Graduate School of
Business Administration and co-director
of its Olssen Center for Applied Ethics. |
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Blue Security
Announces Initial Success of Do Not
Intrude Registry; Nearly 30,000 Users
Join Public Beta with Reports of More
than 50-Percent Reductions in Spam
Business Wire,
September 14, 2005
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Blue Security, Inc. announced today that
in two months of operation, the public
beta of its Do Not Intrude Registry has
attracted nearly 30,000 users. Over 25
percent of members have reported a
reduction of at least 50 percent of the
amount of spam being received since
joining the service.
"Internet users have the ethical
right to opt-out from receiving spam.
Spammers have the ethical obligation to
honor requests to opt out. Often,
spammers ignore these requests. Blue
Security provides an automated and
ethical way for internet users to
exercise this opt-out right," says
Professor
David Messick,
Kaplan Professor of Ethics and Decision
in Management at Northwestern
University's Kellogg School of
Management and the Director of the Ford
Motor Company Center for Global
Citizenship at the Kellogg School. |
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Bird flu
antivirals – enough to go round?
Ethical Corporation,
September 5, 2005
By Matt Young
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As the world’s health officials prepare
for a pandemic of fatal bird flu, the
Swiss drug giant Roche may have the most
important ingredient of all: the
antiviral drug Tamiflu. Roche is filling
stockpile orders from 25 countries
preparing for widespread H5N1 avian
influenza, but the supply is relatively
small for the number of people that
might need treatment.
“They need to be prepared to ramp up
production,” says
Patricia Werhane,
professor of business ethics at the
Darden Graduate School of Business
Administration. She believes the company
is not being “proactive or morally
imaginative” and should show more social
leadership on the issue. |
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Firms
Weigh Charity Vs. Profit
The Dallas Morning News,
September 4, 2005
By
Angela Shah |
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When disaster strikes, corporate America
is among the first to offer aid to
victims and their families. In the
coming weeks and months, as Hurricane
Katrina's fallout is addressed,
companies will face tension between
wanting to do the right thing and
needing to do right by shareholders.
Employees and customers are important,
too, said
Patrick Murphy,
co-director of the Institute for Ethical
Business Worldwide at the University of
Notre Dame. "If customers and potential
customers have a more favorable view of
the company because they went the extra
mile, that benefits the company in the
long term."
(Also appeared in the Denton
Record-Chronicle, Hibernia, Accenture
News, and on WFAA-TV ABC 8 Dallas -
Fort Worth.) |
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Social
responsibility doesn't happen in
isolation
Manufacturing & Society: Partnering With
Others, September 1, 2005
By
John S. McClenahen |
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The word culture is overused and
overworked, especially in the context of
companies. Yet corporate culture is a
product of people, including a corporate
culture that champions social
responsibility. It depends upon
partnering with others, within a company
and with those outside.
An initiative that deserves close
watching is the Business Roundtable
Institute for Corporate Ethics, a
partnership launched in January 2004 and
housed at the University of Virginia's
Darden School in Charlottesville. Its
announced mission is to pull together
research and the practical to provide
hands-on training to current and future
business leaders. Its success will be
measured by the extent to which CEOs and
other leaders in manufacturing avail
themselves of the training and make its
lessons part of their companies'
day-to-day operations. |
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Is it Unethical for
Companies to Fight Unions?
Business Ethics Online,
September
2005
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It is not unethical for a company to
oppose unionizing, which can be costly.
It is, however, unethical for company
representatives to break the law, to lie
or mislead, to threaten or intimidate,
or to retaliate before or after the
fact. Whether any of this has happened
in a particular case is often a judgment
call, but ethical people do have to make
judgment calls. Workers normally have a
moral as well as a legal right to
organize if and only if they wish to do
so. A majority may fairly decide that
everyone or no one in the shop will be a
member of a union. An excellent strategy
for a company wishing to keep workers
from organizing is to treat them so
fairly that they don't need a union. A
pretty good -- though not always
feasible -- strategy for workers
frustrated in their attempts to organize
is to look elsewhere for employment. --
Edwin M. Hartman,
Professor and Director of the Prudential
Business Ethics Center, Rutgers Business
School; & Academic Advisor, Business
Roundtable Institute for Corporate
Ethics. |
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