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December, 2006

 

A New CSR—Company Stakeholder Responsibility   EthicsWorld, December, 2006
	In the Business Rountable’s Institute for Corporate Ethics latest Bridge Paper, Company Stakeholder Responsibility: A New Approach to CSR , authors R. Edward Freeman, S. Ramakrishna Velamuri, and Brian Moriarty describe how changing the traditional model of corporate social responsibility to one more focused on the interests of stakeholders will improve the management, ethics, and long-term success of companies.
Projected, drawn and quartered: The Sebi chairman throws open an earnings guidance debate   The Financial Express, December, 2006 By Sucheta Dalal
	In July this year, a report by the Business Roundtable’s Institute for Corporate Ethics and the CFA Institute’s Centre for Financial Market Integrity opened the debate on “the corrosive effect of short-term thinking in American business”. It said 76% of the members did not want guidance. The report said, “The obsession with short-term results by investors, asset management firms, and corporate managers collectively leads to the un-intended consequences of destroying long-term value, which decreases market efficiency, reduces investment returns, and impedes efforts to strengthen corporate governance”.
The Ethical Job Hunter   BusinessWeek, December 13, 2006 By Francesca Di Meglio
	In recent years, the ethics of running a business has garnered plenty of attention in the B-school classroom. But until now, MBA students rarely got a lesson on the rights and wrongs they themselves might commit while on the hunt for jobs. Patrick E. Murphy, the Smith co-director of the Institute for Ethical Business Worldwide and professor of marketing at University of Notre Dame's Mendoza College of Business helped create a manual, at www.ethicalbusiness.nd.edu, for students and recruiters that answers some of their questions about how to face certain dilemmas when looking for a job. Murphy encourages other schools and organizations to adapt the document to create their own set of guidelines. (This article also appeared on BuilderOnline and TMCnet.com.)
A Question of Ethics   Asbury Park Press, December 18, 2006 By Michael L. Diamond
	The point: Pressure to meet Wall Street's financial expectations or fit in to a company's culture can be fierce, and despite the seemingly endless number of lessons, ethical breakdowns continue, said Edwin Hartman, director of the Prudential Business Ethics Center at Rutgers University. "Ethics isn't about avoiding being Enron," Hartman said. "It's about being a thoughtful, responsible, honest professional and having good values such as the sort of self-respect that would cause you not even to want to be unethical." (This story also appeared on Gannett News Service and in Tulsa World.)
Top aides urged not to forget the boss   Chicago Tribune, December 7, 2006 By Todd Lighty and Laurie Cohen
	Patricia Werhane, a professor of business ethics at DePaul University, said it's not illegal for aides to buy Daley a gift. But, she said, it raises concerns that staffers might feel they have to chip in to keep their jobs. "The mayor doesn't need anything that doesn't smell good at the moment," Werhane said. "He has many smelly things going on at the moment--like people getting indicted."
Incoming O-I leader known for bold moves: Stroucken decisive, likely to bring change   Toledo Blade, December 3, 2006 By Gary T. Pakulski
	Norman Bowie, a business professor at the University of Minnesota, describes Mr. ¬Stroucken as a "total bottom-line guy." Mr. Bowie, who holds a professorship endowed by the late Elmer Andersen, former Minnesota governor and H.B. Fuller CEO and onetime controlling shareholder, said, "The company had been known as one of the most progressive companies in terms of environmental concerns and doing things for its employees." Under Mr. Stroucken, emphasis shifted to improving shareholder value. "It's not that it became a bad company," he said. "It became a typical company." (This article also appeared in TMCnet.com.)
Local Best Sellers    Austin American-Statesman, December 3, 2006
	NONFICTION 1. 'No Shortcuts to the Top,' Ed Viesturs 2. 'Assassination Vacation,' Sarah Vowell 3. 'I Like You,' Amy Sedaris 4. 'Before They Were Beatles,' Alan Porter 5. 'Dress Your Family in Corduroy and Denim,' David Sedaris 6. 'Thunderstruck,' Erik Larson 7. 'Devil in the White City,' Erik Larson 8. 'Big-Box Swindle,' Stacy Mitchell 9. 'True to Our Feelings,' Robert Solomon 10. 'Ship of Ghosts,' James Hornfischer

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