Business Ethics Roundup 1/1/11!

Let’s start with a small disclaimer here. I have 42 business ethics web sites (by my definition which is broad) listed on my favorites in that single category. I have 56 business ethics “related” sites on my favorites. So, I ‘m never going to to get more that a partial glimpse at what’s going on. With that out of the way, let’s start the new year rolling!

The Crane and Matten Blog explain why business ethics is more significant culturally than CSR.

Here’s a quote CSR is also, as might be expected, a lot more business-friendly than business ethics. In fact, people often tend to use CSR when they’re talking about the good things companies are doing, and business ethics (or a lack of them) when talking about the bad things they do.

The Ruder Finn Ethics Blog discusses ethics and giving while providing some fascinating statistics.

Here’s a quote We give for many different reasons. We may give as an expression of friendship and love or just reciprocate. Retailers, economists and Wall Street eagerly all hope that people will spend much this year are and thus sustain the slow recovery of our economy. The National Retail Federation expects an increase in 2010 Holiday sales of 2.3% to $447.1 billion. (Gifts from the rich to the rich.)

From the web blog, Business Ethics Training, we have a review of the book, Ship of Fools: How Corruption and Stupidity Sank the Celtic Tiger.

Here’s a quote With all the talk of toxic assets (real estate) and the resulting fallout in the States – its easy to overlook what happened in Ireland. Particularly the situation with NAMA (National Asset Management Agency), that holds the toxic assets.

From the web site, Ethix: Business Technology Ethics, we have a book review of After the Fall: Saving Capitalism From Wall Street—and Washington by Nicole Gelinas

Here’s a quote Gelinas key message is that capitalism needs clear rules in order to flourish, and that must include allowing bad businesses to fail. Bail outs only encourage further bad behavior, and what we have seen in the recent financial meltdown is simply a lesson forgotten from what happened in the 1920s and ’30s.

David Yamada’s Minding the Workplace has several posts. I recommend you read his year end closing, but the one I discussing is the next to the last. He explains what one should do if bullied at work.

Here’s a quote There’s a lot of cheap and sometimes dangerous “one size fits all” advice out there on how to handle workplace bullying situations, especially in newspaper work advice columns. These resources are no substitute for understanding the dynamics of workplace bullying and how they relate to one’s specific circumstances.

Good Business Ethics (via Technologies For Business)

Technologies for Business presents its concept of business ethics, which I am happy to call your attention to. (I ask you to please click on the link and read the whole article.)

James Pilant

Good Business Ethics Business ethics is the behavior that the company complies in their daily relationships with the world. The ethics of a given society may be different. Not only apply to how the company interacts with the world, but also to his head to business with a customer. Many companies have gained a bad reputation just by being in the business. For some people, the companies are interested in making money, and that's the bottom line. It could be called capi … Read More

via Technologies For Business

Does Anybody Want Their Top Ten List Of Things About 2010 Up On The Web? Comment On This Post With Your List Of Ten And I’ll Post Them!

Okay, send me your list of ten (or six or seven, whatever you got). Let me know how you want to be identified: full name, web identity, anonymous or even a picture.

Now, the caption says ten things about 2010, and that can be the best or the worst things about 2010.

You can also do it about the last decade or the 21st century.

Here let me give you a suggested set of topics –

Ten worst things about the last decade! (or best things, which would be really impressive because I can’t think of any)

Ten funniest things that happened in 2010 or the last decade.

Ten stupidest things said in 2010.

Ten worst decisions.

Ten best top ten lists.

Ten best reasons the year should end.

Use your imagination! Surprise me!

Post it as a comment on this entry. Okay?

Show me your wit!!!

James Pilant

Elias Lists The Ten Worst Things About the Holidays

This is from an ELIAS comment on my blog. It’s great, read them.
James Pilant

OK, the ten worst things about the holidays this year…
1)No Daily Show
2)Being Stuck at the airport
3)Being stuck at A DIFFERENT AIRPORT!
4)Had to buy a new phone charger…watched too much DVR with my TV Everywhere app, ran down the phone, plugged it in..and left the charger in the airport terminal
5)fruitcake, always fruitcake
6)Didn’t get Inception on Bluray
7)STILL STUCK AT THE AIRPORT!!
8)slipped in ice and fell, much to the amusement of all those around me
9)Still no Daily Show!!
10)that the holidays are over. Despite the stress and aggravation, I always love this time of year and am bummed when it’s over.

The Costs Of Corporate Crime

Steven Mintz
Steven Mintz, the Ethics Sage, has a post on a subject dear to my heart, “How much damage does corporate crime do to the United States?” Each year in my ethics class I ask my students to estimate the damage and comment on it. He has filled out that damage estimate with some new information. I am very appreciative and next Fall my students are going to be reading this post.

Professor Mintz’s post is entitled, Business Fraud. Most of the first paragraph is below but I want you to go to his site and read the whole thing. This subject is a critical factor in whether or not we should do more about business ethics or not. If his figures (or mine) are in anyway correct, our nation is being crippled.

In my last blog I wrote about the ever-increasing cost to society of criminal fraud that targets investors. Fraud in business organizations also seems to be on the rise despite all efforts to reduce it following well-publicized accounting frauds at Enron and WorldCom. According to research conducted by the Association of Certified Fraud Examiners (ACFE) in 2008, U.S. organizations lose an estimated 7 percent of annual revenues to fraud. Based on the projected U.S. Gross Domestic Product this percentage indicates a staggering estimate of losses around $994 billion among organizations, despite increased emphasis on anti-fraud controls and recent legislation to combat fraud. Also, the median dollar loss caused by fraud schemes was $175,000. More than one-quarter of the frauds involved losses of at least $1 million. …

The costs may be 994 billion dollars, 7 percent of annual revenues, lost to corporate fraud. That doesn’t include corporate crime like dumping pollutants, evading taxes, killing or maiming workers by evading safety regulations, etc.

Is that enough reason to put business ethics as a primary legal and economic concern in every governing body from the cities to the federal government?

James Pilant

Let’s Make The Armed Forces Eat Gulf Seafood!

This is from Washington’s Blog. The original title is Secretary of the Navy Hatches Brilliant Plan to Sell More Gulf Seafood and Transport Oil to the War Zone.

From the Times-Picayune

Navy Secretary Ray Mabus, who doubles as President Barack Obama’s point man on Gulf Coast oil spill recovery, is pressing America’s armed services to consume as much Gulf seafood as possible.

Navy Capt. Beci Brenton said Monday that Mabus has talked with Secretary of Defense Robert Gates and the secretaries of the Air Force and Army, and his staff has talked to the Defense Commissary Agency, which operates a worldwide chain of stores for military personnel, making the point “that we should be buying Gulf Coast seafood.”

In a meeting Monday with Ewell Smith, executive director of the Louisiana Seafood Promotion and Marketing Board, Mabus reaffirmed his commitment to using the tools at his disposal to help the Gulf seafood industry recover from the damage the BP oil spill has done in reality and perception. The board is gearing up for a large-scale national marketing campaign, with $30 million in BP money and millions more in federal dollars, to reassure restaurants and markets across the country that Gulf seafood is safe.

Okay, they are having trouble selling seafood that may be (or is) contaminated with oil or chemical dispersant and the armed services are being pressured to buy some. Since the fellow in question is Secretary of the Navy, we should probably put the word, pressured, in quotation marks and note that the armed services (at least the navy) are going to buy gulf coast sea food.

Is this wise?

In about twenty years, when we can get some good data on the long term health effects, we will have a clear picture of whether or not this was a good idea.

In my mind, if there is choice between seafood from the gulf and somewhere else, that really isn’t a choice. I don’t like oil in my food. I’m just weird that way.

Thanks to the anonymous guys at Washington’s Blog for bringing this to my attention.

James Pilant

The Daily Show With Jon Stewart, Natalie Portman Interview – May 26, 1999

I wanted to find the very first episode of the Daily Show with Jon Stewart. I was unable to do so. He started in November of 1998. The best I have been able to do was seven months later. I just got curious as to what the show looked like more than ten years ago. (Star Wars, the Phantom Menace was just in theaters.)

James Pilant

We are in a War of Ideology (via Chink In The Armor)

The web site, Chink in the Armor, is not for the faint hearted. The outrage bubbles. The anger seethes.

Fairly often, my rage bubbles up when I am writing about these business ethical lapses. He has more anger than I have and I have a lot.

I am just putting down the first sentence and then the first paragraph of this gentleman’s post –

I am pissed. I am seriously pissed. And here are some of the things I am seriously pissed about

1) My daughter will probably NEVER see her 87 year old grandfather again because we live on the left side of this country and he lives on the right side. What with the implementation of the Gestapo/Stasi/TSA Fascist Police State, we will NEVER travel on the airlines again. It is my responsibility to protect my child from evil and she will NOT be subjected to her first cavity search by the Goons of the TSA. Feel the Love.

Go here for the rest.

I think that is a fair representation of the writing. I want you to read it. I like anger. I don’t think there is enough out there.

James Pilant

P.S. I have looked over this web site for some more information about the writer, you know, the kind of stuff you find on the back of a book. I didn’t come up with any. If the author would like to let me know about this, I will be happy to expand this blog entry to include or create a brand new post.

U.S. Urges Requirement To Keep Mortgage Records (via Chink In The Armor)

From Reuters through the blog, Chink In The Armor

The U.S. Justice Department urged Congress on Wednesday to require mortgage companies to retain records for 10 years to make it easier to prosecute fraud.

Rita Glavin, acting head of the department’s criminal division, told a hearing of the House of Representatives Judiciary Committee that mortgage settlement statements and other loan documents are critical to investigating or prosecuting fraud.

But they can be hard to get from lenders, brokers and title companies that provide loan services. “All too often, such entities go out of business, and their records are either abandoned or destroyed,” Glavin said in testimony submitted to the committee.

She said half of the top 10 U.S. subprime mortgage originators in the second half of 2006 had either gone out of business or been sold a year later.

Kuttner: The Fix Is In, The End of Social Security (via Dissenting Democrat)

Social Security is definitely an ethical matter. Millions of Americans pay taxes on their wages with the expectation that they will some day get benefits. Now, our “leaders” in Washington says it is too expensive and we can’t afford it. Nonsense.

I like this blog. There is a lot of passion. However, it’s mainly political so I don’t get too much business commentary out of it. However it may very well be to your taste.

New Plan for Seniors' Retirement? Soylent Green Robert Kuttner in a recent issue of Politico had this to say: "Obama is finally getting the bipartisanship he craved — but entirely on Republican terms. Republicans win three ways. They have a Democratic president doing their work for them, destroying the Democratic capacity to use affirmative government to address dire national problems and annihilating his own party. " http://www.pubtheo.com/page. … Read More

via Dissenting Democrat