A Good Business Ethics Site

English: Goldman Sachs "GS Sustainability...
English: Goldman Sachs “GS Sustainability” Report 2007 (Photo credit: Wikipedia)

 

 

 

 

 

From the web site, Ethical Business Ethics

 

http://ethicalbusinessethics.blogspot.com/2013/09/happy-crash-anniversary-sort-of.html

 

Below these brief remarks are the writings of Rose-Anne Moore in her blog, Ethical Business Ethics. I’ve read some of her writing and I like what I see. Hopefully I can bring you more of her views on the world of business and Ethics.

 

James Pilant

 

It’s been five years since the financial markets nearly melted down, and threatened to take the whole US economy down with it. Feel like celebrating the anniversary?

 

I don’t, either.

 

The recovery has been unexciting, to say the least, and none of the big players have gone to jail. The best the Justice Department seems to be able to do is go after little fish. (I’m talkin’ ’bout you, Fabulous Fab!)

 

In fact, every since Fabrice Tourre, formerly of Goldman Sachs, was found liable for fraud early last month (click here for an example of the numerous news accounts), I’ve been thinking about the ones that got away. (I’m thinkin’ ’bout you, Jamie Dimon!)

 

What’s changed since 2008? What did we learn from the fall of Lehman Brothers? Not much. In Robert Reich’s words for Salon, the biggest banks are still “too big to fail, too big to jail, too big to curtail”. (click here for full essay)

 

Good way to start your Monday, right?

 

via Ethical Business Ethics.

 

 

 

Banks and Burglary

Bank Contractors Have Broken Into Hundreds Of Private Homes Since 2008

http://thinkprogress.org/economy/2013/10/03/2729021/banks-break-ins-homeowners-contractors/

Contractors hired by giant financial companies to manage abandoned and defaulted homes have broken into hundreds of the wrong private homes due to incorrectly identifying addresses and other basic errors, the Huffington Post reports.

When a bank or other financial company sees that a mortgage it owns has gone into default, it begins checking to see if the residents have abandoned the property. If they have, it takes responsibility for the upkeep of the property in order to protect its investment and the property values of surrounding homes. That work is often done on a contract basis by companies like Safeguard Properties, which has been sued at least 135 times over wrongful break-ins conducted in pursuit of property management contracts with banks, according to reporter Ben Hallman’s review of court filings around the country. In total, more than 250 lawsuits have been filed in 31 different states over the past five years.

via Bank Contractors Have Broken Into Hundreds Of Private Homes Since 2008.

The corporate use of contractors to escape regulations, push down wages and simply provide distance between a company and its unsavory practices continues. Here we have a particularly egregious example. Homes are being broken into without legal right, sometimes looted, sometimes vandalized. It’s enough to make you wonder if the rule of law only applies to individuals and not banking institutions and their sub-contractors.

James Pilant

David Yamada Explains Workplace Bullying

Not Teaching Anymore?

Here’s a post from an adjunct professor who quit. Her story isn’t unique. It’s becoming increasingly common.

James Pilant

From the web site, Bryn Greenwood

http://bryngreenwood.wordpress.com/2013/09/19/why-i-dont-teach-anymore/

Unfortunately, I don’t teach anymore. I made the decision to become a full-time secretary primarily because of an environment like the one described in this Pittsburgh Post-Gazette article, which details the downward spiral of Margaret Mary Vojtko, a long-time adjunct professor. Her poverty eventually led to her death, so I feel lucky that mine merely led to a secretarial job.

Universities increasingly rely on underpaid adjunct faculty to carry the burden of what are dismissed as “entry level” courses. It seems to escape university administrators and many tenured faculty members that those entry level courses matter the most. Those are the classes where freshmen get a firm footing for the courses they will take in the next three years. Underpaying the people who teach first-year college students seems equivalent to systematically paying first grade teachers less than sixth grade teachers. After all, teaching kids to read, that’s just entry level work. Easy.

Yet those same tenured faculty lament how many students arrive in their upper level courses without the most basic research skills. Why? Because the people tasked with teaching them basic skills – the underpaid adjunct faculty – do not have the time, energy, or institutional support to become truly great teachers. Some of them are teaching four courses per regular semester and two courses per summer semester (compared to the average tenured faculty load of two/two/zero for an academic year.) At the typical pay of $3,000-$3,500 per course, an adjunct is lucky to make $30,000 a year, teaching as many as ten courses per year.

Please go to her web site and read the entire post. JP

From Online Ph.D Programs
From Online Ph.D Programs

Should we get rid of corporation tax (part 2)

I would have preferred there be some reference to business ethics in the article because taxing corporations has moral implications. Nevertheless, my good readers are certainly capable of reading between the lines and getting the implications here. James Pilant

Robert de Vries's avatarInequalities

In the last post I talked about why so many people endorse the idea of completely scrapping corporation tax.  To briefly reiterate the main arguments:

  1. We don’t know who mostly bears the costs of corporation tax. So if what we really want to do is tax the rich beneficiaries of corporate profits, then we’d be better off raising capital gains and dividend taxes (or even the personal income tax at the high end).
  2. Corporation tax doesn’t work very well to discourage negative externalities like carbon emissions – a specific carbon tax would do this more effectively.

As I said last time, it seems to be economic gospel, even on the left, that the corporation tax is a ‘bad’ tax.

View original post 717 more words

‘Revenge Porn Bill Signed in California: Another Sign of Declining Civility in Society, The Ethics Sage

The Ethics Sage
The Ethics Sage

(This post is written by the Ethics Sage, Steven Mintz, and I am proud to have the opportunity to post his work on my blog. James Pilant)

Here is a link to his full web site – I recommend you add it to your list of favorite sites.

‘Revenge Porn Bill Signed in California: Another Sign of Declining Civility in Society
Are ‘Revenge Porn’ Postings Protected Free Speech?
On October 1, California Governor Jerry Brown signed a bill that would make it illegal for people to humiliate ex-lovers by posting indecent photos or videos online. California is the second U.S. state to criminalize the act of revenge porn, though as a misdemeanor. New Jersey considers it a felony.
Under the new California law targeting “revenge porn,” distributing sexual images “with the intent to cause serious emotional distress” would carry a fine of as much as $1,000 and as long as six months in jail — even if the pictures were originally taken with consent. The law bans only images taken by the person posting them, meaning that self-photos aren’t protected. That’s good news for Anthony Weiner, I guess.
The posting of ‘revenge porn’ photos by a disgruntled ex of a past partner illustrates a new low in civility in our country. It seems as though all too many have lost their sense of right and wrong — they act only in their own selfish interests. And, all too many have lost the ability to reason ethically, assuming they ever possessed that skill.
Whether it’s random and senseless violence against another, road rage, cyber-bullying, or other offensive acts that are occurring with increased frequency in our society, the U.S., as a country, has lost its moral compass.
Whether it’s gratuitous violence, sexually-charged images, hateful speech, and downright rudeness, the U.S. has morphed into a narcissistic country that values self-indulgence above common sense and common decency.
Some will say the generalized examples I cite are the exception to civil behavior and not the rule. I say it is becoming the norm with increasing frequency and the fact that we tolerate it as a society reflects our willingness to go along with declining ethics rather than fight the good fight. The fact that Hollywood and the social media continue to spark the flames of hedonistic behavior simply means that these institutions believe they are giving us, or being used, in ways that we want.
What about the First Amendment issues? The First Amendment guarantees you the right to post naked pictures of your exes on the Internet.
Here’s exactly what the First Amendment of the Constitution says:
The First Amendment provides that Congress make no law respecting an establishment of religion or prohibiting its free exercise. It protects freedom of speech, the press, assembly, and the right to petition the Government for a redress of grievances.
Despite this guarantee, courts have established exceptions to free speech, notably defamation and child pornography. Revenge porn could be held up as another exception, since it obviously wasn’t considered by the framers of our Constitution (even if courts have ruled that some “speech” such as Facebook ‘Likes’ is protected by the Constitution.)
Victims of vindictive pornography distribution, aka revenge porn, are often women who originally shared naked pictures of themselves with their boyfriends. The distribution of the photos online can be thoroughly humiliating for the woman in those pictures.
The U.S. Supreme Court has upheld the right to some pretty offensive behavior including, in March 2011, that that noxious, highly offensive protests conducted outside solemn military funerals are protected by the First Amendment when the protests take place in public and address matters of public concern. In that decision, America’s highest court ruled the Westboro Baptist Church has a Constitutional right to hold hateful protests outside military funerals.
In order to withstand Constitutional challenge, the ‘revenge porn’ law in California was narrowly construed to require the person who posted revenge porn to do so with the intent to “cause serious emotional distress.” The final law also says the other person had to actually experience emotional distress. Well that’s great news. More money for the lawyers to hash out in court exactly what these terms mean.
The bottom line is ethical behavior cannot be legislated. Our desire to act ethically comes from within and not because of an externally exposed measure of acceptable behavior. Each individual must monitor his or her behavior and always strive to act in accordance with societal norms.
No one is perfect. However, the ethical person constantly questions his or her own behavior and evaluates against the norms including honesty, integrity, fairness, respect, and responsibility.
As for our First Amendment right, there is a difference between what we have a right to do and what the right thing to do is.
Blog posted by Steven Mintz, aka Ethics Sage, on October 3, 2013

The three-pronged political attack on the very notion of retirement (except for a few)

David Yamada
David Yamada

This goes along neatly with my earlier of David Yamada’s post on living in a plutocracy. I recommend it.

David Yamada's avatarMinding the Workplace

In America, the very notion of a relatively safe and secure retirement is under relentless attack, and much of this broadside is coming from well-monied corporate interests, aided by supportive far-right politicians.

This is not by accident. Only when you connect the dots do you see a unifying force, and it’s very, very political. We haven’t been comprehending how the pieces come together because, frankly, concerns about America’s retirement funding crisis tend to be examined in silos, such as (1) Social Security; (2) public employee pension funds; and (3) 401(k) balances.

I’ve written a lot about the retirement funding crisis on this blog, but I’ve never pulled together some of the interrelated political threads. Here’s a start:

1. Attack on Social Security

Let’s open with the attack on Social Security. In reality, Social Security is among our most stable benefit programs. Although some of the concerns about the future stability…

View original post 1,110 more words

Life in an unequal, plutocratic society

David Yamada
David Yamada

David Yamada has some choice thoughts here. Please read them in full and I recommend you subscribe to his site. It’s good. jp

David Yamada's avatarMinding the Workplace

We are living in an unequal, plutocratic society, and it is feeding an emotional dimension characterized by a dismissive lack of caring by many of the super rich and an angry, dog-eat-dog worldview for everyone else. So many of the employment policy issues I write about on this blog must be viewed against this broader, ugly canvass.

First, let’s establish the factual baseline: America’s wealth gap has reached extreme proportions. As Connie Stewart reports for the Los Angeles Times:

If you feel you’re falling behind in the income race, it’s not just your imagination. The wealth gap between the top 1% and the bottom 99% in the U.S. is as wide as it’s been in nearly 100 years, a new study finds.

For starters, between 1993 and 2012, the real incomes of the 1% grew 86.1%, while those of the 99% grew 6.6%, according to the study, based on Internal Revenue Service…

View original post 908 more words

Lauren Bloom has a new author page.

Lauren Bloom has a new author page.

From the page –

Lauren Bloom
Lauren Bloom

Lauren Bloom is an interfaith minister and attorney who focuses on professional and personal integrity. Her career has been devoted to helping business professionals earn and maintain the trust of their clients, cutomers, colleagues and associates. An internationally-recognized expert on business and professional ethics.

I follow Ms. Bloom’s page. If you have a continuing interest in business ethics, I would recommend you follow the web site as well.

James Pilant

The Ethics Sage Advocates for Ethics

ImageThe ever-invaluable Ethics sage has a new posting –

http://www.ethicssage.com/2013/10/the-benefits-of-ethic-sages-ethical-business-practices-presentations.html

Here is a brief selection below:

Understanding Appropriate Conduct

Working in a corporate environment is a two-way street.  The leaders have to respect the team and vice versa.  This involves knowing the correct way to behave in a professional setting.  Many younger team members may come to the team with fewer boundaries than their older counterparts and there have been clashes in the corporate environment due to these differences.  Most of the time, this includes comments that are too personal or inappropriate, taking breaks that are too long or coming in late every day.  For a business to operate at its full potential, the employees have to be on the same page about what is expected, encouraged or discouraged.  This helps to create harmony and expectations that everyone can live up to. 

I fully agree. There can be few in business who would not benefit from following the Ethics Sage’s writing.

James Pilant

From around the web.

From the web site, C-Suite Mentor

http://csuitementor.wordpress.com/2013/01/22/importance-of-business-ethics/

It doesn’t take a rocket scientist to work these simple principles out. So why do highly educated professionals and seasoned businessmen and entrepreneurs make the mistake of forgetting business ethics? It requires the courage of your convictions and a good moral base in the individuals. Dishonesty does give you cash in the short term, much like sawing off the branch that you are sitting on gives you timber for a short time. So it will always be a temptation to those with weak morals coupled with financial pressure. In many cases it takes raw courage to be honest, but out of the troubles that businesses go through, its reputation grows, and businesses with good reputations are successful businesses. Naturally, you still need a good business plan and a hungry market, as well as ethics, to be successful. But good ethics are vital to keeping you successful.

From the web site, The Importance of Ethics for Professional Accountants

http://importanceethicsprofessionalaccountants.wordpress.com/

As accounting requires skills and ethical familiarity to a great extent for that ethics are most important for professional accountants. The concept of right or wrong can be cleared by learning about ethical terms thoroughly. To make correct decisions, they help you to make your personal guts strong. The Winnipeg accountants seem familiar in ethical terms and you may take a look at their ethical behavior to explore your knowledge. You may get aware just by searching out Winnipeg Business Directory and choosing the accountant’s category will lead you to all accountants of Winnipeg. When an accountant keeps ethical factors in his mind, he can easily come out from any pressurized situation. After being a proper professional accountant by applying ethical condition at yourself, you will never give your big attention in satisfying investor by keeping up income growth. This attitude make you think for long term as all successful organizations manage for long terms, not for short term. In case of fraud, your ethical behavior makes you able to confront your special relations. You get an inner strength by concentrating on ethical factors and any fraud point you do never ignore. As an accountant, ethics becomes your first priority you can confidently treat with ethical dilemmas and areas without focusing on black and white. You feel comfortable meeting with grey areas people. After getting informed about accountant’s basics and ethical skills you should present your services for public to be useful and popular as well. You can advertise your skills by using online business directory just get listed in Winnipeg Business Directory as this business directory is providing a gorgeous access its visitors to get in touch with each other regarding relevant business, service or product need. You never under represent your time for implementing required terms. You never compromise with ethical factors and will easily go along with the crowd to do what your managers tell.