Fraud is not an ethical dilemma: Avoiding scams like the Wells Fargo fake accounts

When the Wells Fargo fake accounts scandal—two million unauthorized accounts created for clients by bank employees under an unrealistic incentive scheme—erupted earlier this fall,...

Key to effective management: Objectivity

Management is commonly defined as the process of accomplishing common goals by working through or with people. According to Chester Barnard, American businessman and...

Appeasing “stakeholders:” How not to deal with corporate critics

A few months ago I announced the “Corporate Appeasement Award” for Tim Hortons, the Canadian coffee shop chain that caved in under an environmentalist-orchestrated...

Capitalism does not breed “tyrannical” bosses

Last week I discussed whether we should boycott Amazon, prompted by the recent New York Times article alleging cruel treatment of employees at the...

Business under an attack: Lessons from Resolute Forest Products

The Montreal-based pulp and paper company Resolute Forest Products has been harassed by the American radical environmental group ForestEthics for years. The ENGO (environmental...

Leaders need principles

I recently listened to the lecture “Principled Leadership” (available as MP3 download from the Ayn Rand Institute eStore) by John Allison, my business hero...

Why CEOs need principles, not pragmatism

In a recent column in the Financial Post Magazine, Terence Corcoran praises the chairman and former CEO of Nestlé Group, Peter Brabeck-Letmathe, for...

“You are not that good”—why business leaders need pride, not humility

Recently I heard a successful CEO tell about an event where he was given an award for his significant accomplishments in business. When the...