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,...

Corporate Social Responsibility–why we should drop the concept

Corporate Social Responsibility (CSR) is a concept that has permeated the language of business as a taken-for-granted, feel-good synonym for ‘ethical.’ Despite the term’s...

How to maximize long-term profits: The reality principle

A recent Financial Post column relates a real-life counter example of how not to maximize long-term profits, which I think is worth analyzing. To...

Why business should care about free speech

I am reading a freshly published book, Defending Free Speech, a collection of essays edited by Steve Simpson and published by the Ayn Rand...

Brexit: good for business—if liberty prevails

Many media commentators on the British referendum outcome to leave the European Union have zeroed in on the Brits’ frustration with the increasing intrusion...

Another corporate hero: Exxon Mobil fights back for free speech

Many oil companies succumb to the pressure from environmental activists and the media and join the fight against ‘climate change,’ or at least make...

Does acting morally cost you?

I recently overheard on the radio  someone claim, discussing business ethics : “But of course, acting morally will cost you.” It gave me a...

The secret to long-term profitability: Moral principles

As every business owner knows, starting and operating a business successfully requires continual decision making: What type of business to choose and why? Where...

What selfishness requires: lessons from Volkswagen

To say that there is a lot of confusion about selfishness is an understatement. Last week I wrote about Volkswagen’s emissions rigging and argued...

Volkswagen’s cheating was not selfish

Media coverage of Volkswagen’s astounding emissions-rigging scandal continues, for a good reason: the company’s (the executive’s who authorized the cheating and of all those...

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...

Pragmatism is impractical—why does it rule in business?

Pragmatism—compromising principles to achieve goals—is prevalent not just among politicians (think of President Obama’s nuclear deal with Iran). It is also a common hazard...