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Hypocrisy at Toyota
The role of the corporation is not simply to maximize profits. Rather, top management has an ethical responsibility to ask whether any of the company’s stakeholders (its customers, stockholders,...
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Are Profits and Ethics Mutually Exclusive: Where Business and Philosophy Meet
In 1978, I graduated from the University Of Chicago Booth School Of Business. I completed my MBA degree at night while toiling during the day as a Purchasing Manager at a food machinery manufacturer....
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What Everybody Ought to Know About University Life
Plagiarism and cheating are running rampant at universities in the U.S. An article in the 8/1/10 issue of the New York Times describes how the digital age has ushered in a tsunami of university...
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What do Tiger Woods and Toyota Have In Common?
A Toyota Camry: One of the Models Subject to Recalls Relationships are important both in business and our personal lives. Once trust has been broken, they become difficult–if not impossible–to repair....
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Can Business Ethics Be Taught?
The movie “Wall Street Never Sleeps” opens up at theatres on September 24th. Starring Michael Douglas, it calls attention to the issues of corporate greed and moral depravity. This film is timely,...
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A Candidate for the Business Hall of Shame
“We aim for sustained earnings growth in excess of 20 percent, powered by increased revenues and margin expansion. …[Tyco’s] model has produced consistently strong results for well over a decade.” —...
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MF Global: Déjà Vu All Over Again?
MF Global may have disguised its debt levels to investors by temporarily reducing the amount of debt shown on its books at the end of the quarter before publically reporting its finances (source: WSJ)....
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The Price of Your iPad Is Higher Than You Think
There is a glaring lack of ethics in terms of Apple’s supply chain management practices, as suggested by the New York Times. Many Asian suppliers are violating basic ethical principles. Here are some...
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Is the Announced $25 billion Settlement with Homeowners Ethical?
Unethical mortgage origination practices precipitated a $25 billion settlement with banks over alleged foreclosure abuses, including the use of forged and shoddy paperwork, a practice known as...
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When Child Labor Is Ethical
Multinational corporations have experienced withering criticism for employing children in Asian factories. On the surface, this practice appears to be unethical. But is it? When we study supply chain...
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