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June, 2008

Fixer-up: New CEOs at troubled companies earn top pay in '07 Business Week, June 15, 2008 By Ellen Simon
	CEOs who take over a company in crisis are like plumbers who get an emergency call on a stormy Sunday night: They can charge whatever they want. And they usually do. "It's like going out and comparing ties, or comparing laundry detergent," said Tom Donaldson, an ethics and law professor at the University of Pennsylvania's Wharton School. "If you have some sense of what you're buying, you compare and buy the best quality for the price." But if your company is in crisis, he said "You don't have time to look, don't have time to compare. It's a strange and imperfect market." (Also appeared in Orangeburg Times and Democrat, MSNBC, CNNMoney (Money Magazine), Forbes.com, KCBS-TV CBS 2 Los Angeles, KCBS - Radio 740 AM, KMOX-AM 1120 St. Louis, Austin American-Statesman, Macro World Investor, CNBC, Conde Nast Portfolio, MSN Money Central, WBT 1110AM Talk Radio, The Examiner.com-Detroit, Salon.com, KRLD News Radio 1080 Dallas - Fort Worth, Yahoo! News, Breitbart.com, Southern Ledger, Associated Press (AP) via Yahoo!, WTOP-AM 1500 Washington, Cox.net - Connecticut-Cleveland-Central Kansas-Acadiana-Santa Barbara-Central Florida-Orange County-Western Arkansas, The Conservative Voice Columns, Santa Barbara News-Press, Top Tech News, AOL News, Anchorage Daily News, Yahoo! Finance, Mid-Columbia Tri-City Herald, The Sun News, WBZ-TV CBS 4 Boston, KCNC-TV CBS 4 Denver, Minneapolis-St. Paul Star Tribune, The Kansas City Star, Atlanta Journal-Constitution, Chicago Tribune, New York Times, Houston Chronicle, Newsweek, and numerous other sources.)
Small loans a big business Daily Herald, June 15, 2008 By Michael Sean Comerford
	Clementine Uzabakiriho parlayed her first $36 loan into the seed money for her sorghum business in Rwanda. Reaching out from DuPage County, Opportunity International is at the heart of possibly the hottest trend in international banking, micro-financing. It involves loaning small sums, most often to women in Third World countries, in order to start sustainable businesses. Forbes magazine estimates microfinance funding tripled to $2 billion in 2006 from 12,000 microlending institutions. "People who have money can spend more money," said Patricia Werhane, DePaul University's Wicklander Professor in Business Ethics.
Dunfee was ethics guru The Philadelphia Inquirer, June 14, 2008 By Henry J. Holcomb
	Wharton instructor studied, [and] wrote about business issues with expertise. Thomas W. Dunfee, 66, one of the nation's best-known scholars and most prolific writers on business ethics, died June 2 of complications from prostate cancer.
Notre Dame to Host Business Education Conference Inside Indiana Business, June 5, 2008
	The University of Notre Dame next week will hold a conference focusing on the nature and scope of Catholic business education. Topics to be discussed by more than 245 business professors from around the world include the role of faculty in promoting mission-driven Catholic business education and engaging students on the legal and theological meaning of business. "This important conference will examine in depth what it means to be a business school within a Catholic university," said Patrick E. Murphy, professor of marketing, conference co-chair and co-director of the Institute for Ethical Business Worldwide at Notre Dame.
2008 World’s Most Ethical Companies Ethisphere Magazine, June 3, 2008
	The World’s Most Ethical Companies are the ones that go above and beyond legal minimums, bring about innovative new ideas to expand the public well being, work on reducing their carbon footprint rather than contributing to green washing and won’t be found next to the words “Billion Dollar Fine” in newspaper headlines any time in the near future. These are the companies that stand out among the competition in their industry. The World’s Most Ethical Companies Methodology Committee is comprised of leading attorneys and government officials, professors and organization leaders who care about ethical and honest business practices. Ethisphere would like to thank the following individuals for their invaluable assistance in creating the methodology for 2008’s World’s Most Ethical Companies ranking: BRIAN MORIARTY Associate Director for Communications Business Roundtable Institute for Corporate Ethics and THOMAS DONALDSON Professor The Wharton School, University of Pennsylvania, who were among those serving on this committee.

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