Why every business student needs to learn about rational ethics

We all need ethics, a set of moral principles, to guide our choices and actions. Since we have no automatic knowledge of the right...

Business leaders’ appeasement on climate change: What can they do?

President Trump withdrew the United States from the 2015 Paris climate accord, receiving prompt condemnation from environmentalists, media, heads of other governments—and business leaders....

Profit maximization is moral!

In the last class of my MBA business ethics course, a student commented that while he agreed that businesses must pursue profits to survive,...

Which is more important: Creating wealth or “giving back”?

Last week I attended an awards gala called “Rising Stars.” It was organized by Canada’s Oilweek magazine to recognize up-and-coming leaders in the oil...

Businesspeople are producers, not predators

Businesspeople (particularly, businessmen) are the favorite villains of Hollywood. The latest piece of evidence: the newly released movie Gold, starring Matthew McConaughey, loosely based...

Focus on progress: We live in the best of times

While often criticizing government for curtailing our freedom instead of protecting it and businesspeople (or others) for failing to act ethically, I want to...

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...

No business should cheer a carbon tax

I just changed cell phone providers. Why? My former provider, Telus, was tweeting its enthusiastic support for the newly announced Canadian federal carbon tax...

Investment bankers’ contribution

I recently spoke with a retired investment banker who was disillusioned with his past profession. He said that he had seen so much what...

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...

Apple’s tax strategy is not only legal—it’s moral

The U.S. corporate tax rate is about 40%. Ireland’s is 12.5%. Following a tax minimization strategy and legal transfer pricing practices, Apple claims about...

Businesses make the world a better place

Hollywood has a long history of businessman movie villains, from Mr. Potter in ‘It’s a wonderful world’ to ‘Wall Street’s’ Gordon Gekko and Lord...