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Happiness vs. wealth creation?

The UN World Happiness Report, conducted by the Earth Institute at the Columbia University, was released last week (click here to review) . Taking...

Self-interest vs. the "common good"

A common exhortation heard today is: Set self-interest aside and act for the “common good.” Businesspeople in particular are accused of selfishness and are...

Self-interest vs. the “common good”

A common exhortation heard today is: Set self-interest aside and act for the “common good.” Businesspeople in particular are accused of selfishness and are...

What is in your self-interest?

The following story was related to me by a student. An acquaintance of his was frustrated and unhappy with her job and felt that...

Why you can't "rip off your clients" and maximize profits at the same time

Last week, an apparently disgruntled Goldman Sachs executive, Greg Smith, had his resignation letter published in the New York Times (http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&hp). In the letter,...

Why you can’t “rip off your clients” and maximize profits at the same time

Last week, an apparently disgruntled Goldman Sachs executive, Greg Smith, had his resignation letter published in the New York Times (http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&hp). In the letter,...

Why Is It Moral to Pay CEOs 300 Times More Than Average Employees?

The compensation of Chief Executive Officers of large American corporations is about 300 times more than that of the average employee. Such a big...

Doing business with dictatorships?

Canada’s largest engineering firm, SNC-Lavalin lost $1.5 billion (about 20%) of its market cap last Tuesday, due to $35 million in “improperly booked expenses”...

Why is Al Gore’s call for “sustainable capitalism” superfluous?

Al Gore claims that capitalism “has turned many of the world’s largest economies into hotbeds of irresponsible short-term investment” (click here to see the...

Proper vs. improper compromise

What is the difference between these two situations?:a) You are negotiating a price of a product with a buyer. You are asking for $120,...

Why does business appease its critics?

In a recent Financial Post editorial ("Two-faced book", 3 February 2012) Peter Foster laments "the pervasive air of apologetic hypocrisy" in which business leaders...