>>Institute News Releases  l  Media Kit

2004 | 2005 | 2006 | 2007 | 2008 | 2009

>> Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov | Dec  

October, 2006

 

The science behind corporate America The Examiner, October 27, 2006 By Katie Wilmeth
	Known as one of the most influential lobbyists on the Hill, Castellani and the Business Roundtable have been instrumental in a range of legislation, including the approval of the Central America Free Trade Agreement and the passage of the Sarbanes-Oxley Act. Castellani and the roundtable also developed the Business Roundtable Institute for Corporate Ethics, organized the Partnership for Disaster Relief, which is an initiative to pool private sector resources during major catastrophes, and foster an ongoing dialogue about the need for an improved education system in an increasingly global economy.
MBA Students Are No. 1 -- At Cheating  BusinessWeek, October 2, 2006 By Lindsey Gerdes
	The study, co-authored by Linda Trevino, a professor of organizational behavior at Penn State's Smeal College of Business, looked at surveys of 5,331 graduate students at 32 schools in Canada and the U.S. Do B-school students cheat even in ethics courses? ``I know of situations where that's happened,'' Trevino said.
The Maverick The City is making all of us poorer The Sunday Telegraph, October 8, 2006 By Luke Johnson
	An excellent paper on this whole topic, "Breaking the Short-Term Cycle'', was published in July by the CFA Institute (formerly the Association for Investment Management & Research). It suggested many sensible solutions to try to solve the problems. One in particular I liked: an improvement in the disclosure of asset managers' incentive metrics, fee structures and personal ownership of the funds they manage. Currently everyone can see what public company directors are paid, their pensions, shareholdings and stock options, but no one gets to see what the money managers receive.
This Month From Knowledge@Wharton Forbes.com, October 30, 2006
	Latest Podcasts Prof. Tom Donaldson: What Hewlett-Packard's Spying Scandal Tells Us about the Limitations of Corporate Boards (This story also appeared in Business Wire, Optionetics, TMCnet.com, VantageLink
M.B.A.s: The Biggest Cheaters Yahoo! Finance, October 27, 2006 By Thomas Kostigen
	"To us that means that business-school faculty and administrators must do something, because doing nothing simply reinforces the belief that high levels of cheating are commonplace and acceptable," say the authors of the academy report, Donald McCabe of Rutgers University, Kenneth Butterfield of Washington State University and Linda Klebe Trevino at Penn State University.
State Department Taps OC Business Leader for MENA Businesswomen's Summit 2006 Suzanne Frindt Joins Roster of Executives to Support Women in U.A.E. Marketwire, October 26, 2006
	Other featured presenters include: H.E. Suhair Al Ali, Minister of Industry and International Cooperation, Jordan; The Honorable Karen Hughes, Under Secretary of State for Public Diplomacy; The Honorable Michele Sison, U.S. Ambassador to U.A.E.; Raja Easa Al Gurg, managing director, Easa Saleh Al Gurg Group (ranked #4, Forbes 50 Most Influential Women in the Arab World); Afnan Al Zayani, Bahrain Businesswomen's Society; Laura Nash, author and former Harvard Business School professor; Lori Brock, trade expert, Booz Allen Hamilton; and Carmen Neithammer, director, Gender Entrepreneurship Market, International Finance Corp. (This story also appeared in ArriveNet, iWon Money, My Way Finance , Quote.com and Yahoo! Finance)
Oversight at UnitedHealth questioned Pioneer Press, October 22, 2006 By Julie Forster
	"I've spent 20 years studying corporate meltdowns, and the single most consistent theme is the powerful guy who doesn't want to hear 'no' from anybody, and it is a sure recipe for disaster," said Nell Minow, co-founder of the Corporate Library, a corporate governance research group based in Portland, Maine. "Any board that doesn't recognize that is not doing its job." "To me the real issue with the board here has been that they have acquiesced to the salary for years when it has been very controversial," Norman Bowie, a business ethics expert and professor at the University of Minnesota's Carlson School of Management, said last week. "When this thing blows up, people are going to say, 'Well, you know, it was the board's doing.' " (This article also appeared on CBS Marketwatch)
Business grad students hold the lead in cheating The Washington Post, October 1, 2006 By Richard Morin
	McCabe and colleagues Kenneth Butterfield of Washington State University and Linda Klebe Trevino of Penn State University collected data from 5,331 business and non-business graduate students at 32 colleges and universities in the United States and Canada during the 2002-03 and 2003-04 academic years.  The researchers asked participants how often, if at all, they had engaged in 13 specific behaviors, including cheating on tests and exams, plagiarism, faking a bibliography or submitting work done by someone else. This story also appeared in Canton Repository, Erie Times & News and the Everett Herald)
Ethics classes take on new relevance Asbury Park Press, October 9, 2006 By Greg Farrell
	Academics who have toiled thanklessly in the field of business ethics for decades marvel at their newfound popularity on campus. "It's been unbelievable," says Timothy Fort, a professor at George Washington University. "When I started teaching an ethics class in 1994, the first third of the class was spent convincing students it was worth taking. I had to do a lot of singing and dancing. Now the class size has quadrupled."
York's moves raise ethics questions: Bypassing board troubles experts  Detroit Free Press, October 6, 2006 By Jennifer Dixon
	"You get in serious trouble making a decision by yourself, taking on Nissan," Werhane said. "That's not ethical. It's threatening the whole idea of corporate governance, where the whole board is" supposed to be responsible. Michael Connor, publisher and executive editor of Business Ethics Magazine, agreed. "If you have 10 to 15 board members holding sidebar meetings, talking about alliances and recruiting CEOs, you're in trouble," he said.
When good executives do bad things CNNMoney.com, October 2, 2006 By Jeanne Sahadi
	Their cause was legitimate. The investigation was instigated to find who on the board was leaking confidential information to the press -- itself a major ethical transgression. But even when the cause is noble, those in charge should seriously question, "Is the ethical cure worse than the disease?" said Thomas Donaldson, a professor of legal studies and business ethics at Wharton. While the HP case may be a contender for worst offender, there are significant ethical transgressions that happen all the time at work. (This story also appeared in Fortune Magazine)
Harvard's lesson in ethics Indianapolis Star, October 1, 2006 By Greg Farrell
	"Ethical concepts will stay front and center for a considerable period of time," says Arthur Kraft, chairman of the association. "That's reinforced by Sarbanes-Oxley, as well as accounting standards. Ethics pretty much shows up on everybody's radar screen as a learning goal." Fort says the wave of disgust following the implosions at Enron and WorldCom already has receded. What's different today is that even though Enron is old news, the topic of ethical corporate cultures has taken on a life of its own.
Heard off the street: Study suggests Cheating 101 more prevalent at business schools Pittsburgh Post-Gazette, October 1, 2006 By Len Boselovic
	The report supports earlier studies that revealed undergraduate business students cheat more often than other undergraduates, says Linda Trevino, a professor at Penn State's Smeal College of Business and co-author of the study. A question the research doesn't address is whether students interested in business are inherently more prone to cheating because of their bottom-line, free-market approach or whether the results-oriented emphasis of business schools fosters such behavior.
Quarterly projections are falling out of favor ; Many businesses say the reports were occasionally used against them. Experts say companies should focus on long-term plans, not short- term profits. Dayton Daily News, October 15, 2006 By John Nolan
	Companies in which Berkshire Hathaway held investments -- including Coke, Gillette Co. and The Washington Post Co. -- subsequently stopped providing quarterly earnings guidance in favor of annual projections, the CFA Centre for Financial Market Integrity and the Business Roundtable Institute for Corporate Ethics noted in a joint report this year. The organizations jointly recommended that corporate executives, investors and analysts reconsider the benefits of providing and relying upon quarterly earnings guidance.
Organization asks FDA to further limit drug ads Chicago Daily Herald, October 6, 2006 By Christina Capecchi
	But drug companies face tremendous pressure to be competitive and profitable, said Patricia Werhane, a business ethics professor at DePaul University who has counseled pharmaceutical corporations. "There's so much money in the equation and it's systemic, so it's like pulling one piece off the chess board; then you can't play chess anymore," Werhane said. "Everybody's afraid to pull that piece off. They're afraid they'll be left behind."

2004 | 2005 | 2006 | 2007 | 2008 | 2009
 
>> Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov | Dec