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March, 2008

Colorado Proposes Tough Law on Executive Accountability New York Times, March 31, 2008 By Dan Frosch
	His job splicing phone cables was one that he says gave him “a true sense of accomplishment,” first for Northwestern Bell, then US West and finally Qwest Communications International. But by the time Mr. Ellingson retired from Qwest last year at 52, he had grown angry. An insider trading scandal had damaged the company’s reputation, and the life savings of former colleagues had evaporated in the face of Qwest’s stock troubles. Now, Mr. Ellingson is the public face of a proposed ballot measure in Colorado that seeks to create what supporters hope will be the nation’s toughest corporate fraud law. If the measure is approved, some fear that the courts will become overwhelmed with frivolous lawsuits. Those lawsuits, in turn, could bankrupt small and midsize companies and make it more difficult for legitimate lawsuits to succeed, said Joe Blake, president and chief executive of the Denver Metro Chamber of Commerce. Legal fees aside, Dean Krehmeyer, executive director of the Business Roundtable Institute for Corporate Ethics at the University of Virginia, which conducts ethics training for executives and directors, says the litigious nature of the measure could create a chasm between businesses and their communities. (Also appeared on CNBC and in the Palm Beach Post, Nacogdoches Daily Sentinel, Lufkin News, and Waco Tribune-Herald.)
WSJ Editor to Speak at FPA Retreat SmartPros, March 29, 2008
	Jerry Seib, the executive editor for the Washington bureau of The Wall Street Journal, will be speaking at the Financial Planning Association's upcoming Retreat 2008, May 31-June 4 in Ft. Lauderdale, Florida. FPA Retreat 2008 keynote presentations include "The Struggle to Be Ethical in a Corporate Environment," presented by Thomas Donaldson, Ph.D. During this session, Donaldson will explore whether ethics makes good business sense.
April 15 Event: Breaking the Short Term Cycle is the Topic of CFA North Carolina Society Meeting in Raleigh DBusinessNews, March 17, 2008
	CFA North Carolina Society (www.cfanorthcarolina.org), an association of investment professionals including portfolio managers, security analysts, investment advisors, and other financial professionals, will host Bob Luck, CFA, director of member and society relations at the CFA Centre for Financial Market Integrity, for their April 15 event at 12:00 noon at the Capital City Club in Raleigh. Luck will present a program on the issue of short-termism and CFA Institute’s role in improving the situation. (Also appeared in the Winston Salem Journal.)
WellPoint pays dearly for missed forecast Indianapolis Star, March 12, 2008 By John Russell
	To give earnings guidance or not to give earnings guidance. All over corporate America, it's a tough decision that can come back to bite a company hard. As WellPoint is finding out, once a company does provide earnings guidance, investors expect it to deliver. If the company later downgrades the guidance, the stock could get clobbered. The Business Roundtable, the CFA Institute, and the Chamber of Commerce have warned against the practice of providing quarterly guidance. Large corporations such as Coca-Cola and Ford have stopped the practice.
American Fork: UVSC events 3.6 Daily Herald, March 6, 2008
	Jeanette Lynton, founder and CEO of Close To My Heart, has been chosen by UVSC's Center for the Study of Ethics to receive the Kirk Englehardt Business Ethics award. As the fourth recipient of the award, Lynton joins past award recipients: Professor Patricia Werhane, endowed chair at University of Virginia and DePaul University; Kim Clark, President of BYU Idaho and Joel Peterson, international corporate business developer. (Also appeared in Orem Geneva Times and Pleasant Grove Review.)
Campus Makers Richmond.com, March 3, 2008 By David Hylton
	University of Richmond: Leadership, business and legal scholars from the country's top universities will discuss key leadership and ethical issues at the university's Donchian Symposium on the Ethical Challenges of Leadership on March 5. Speakers and presentations include: Thomas Donaldson, Wharton School, University of Pennsylvania, "The Unknown Known: Ethics in a Sub-Prime Age" and Joshua D. Margolis, Harvard Business School, "Exploring the Responsibility Gap." The complete schedule is available at www.jepson.richmond.edu/ethics/agenda.pdf.

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