I just read an interesting article titled, "Why Be an Ethical Company? They're Stronger and Last Longer". This was a focus on short-term profits to the exclusion of all else led to the current financial crisis. And guess what? Companies with the steadiest moral compasses have sailed through it.
Here is the first paragraph:
With everyone still buzzing about the outrageous bonuses Wall Street continues to pay, it seems like now might be a good time to write a column about ethics. No, I don't want to write another article calling greedy bankers unethical. Plenty of pundits have already done that. Rather, I'd like to speculate on why some executives are so greedy, the role it played in their downfall, and how an inability to change organizational mindsets will probably lead to future banking crises. I'd also like to go beyond Wall Street and examine ethics in the broader context of American business. By Vivek Wadhwa READ MORE
Here is the first paragraph:
With everyone still buzzing about the outrageous bonuses Wall Street continues to pay, it seems like now might be a good time to write a column about ethics. No, I don't want to write another article calling greedy bankers unethical. Plenty of pundits have already done that. Rather, I'd like to speculate on why some executives are so greedy, the role it played in their downfall, and how an inability to change organizational mindsets will probably lead to future banking crises. I'd also like to go beyond Wall Street and examine ethics in the broader context of American business. By Vivek Wadhwa READ MORE
No comments:
Post a Comment