New Year’s wishes: more reason and freedom

I can’t make resolutions to increase long-term success and prosperity for business, but I can identify their requirements: more reason and freedom. Many of...

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...

The moral purpose of business: Larry Fink vs. T.J. Rodgers

Larry Fink, CEO of one of the largest investment management firms in the world, BlackRock, has sent a letter to all S&P 500 CEOs,...

Why business makes Christmas better

Millions of people are about to celebrate Christmas, by decorating their homes, setting up Christmas trees and lights, getting together with their families, exchanging...

Why Amazon should choose the United States over Canada

Amazon has released the eagerly awaited shortlist of 20 cities for its second headquarters. Only one contender of the several Canadian cities—Toronto—remains. And when...

Another fallacy about capitalism: Coercive monopolies

I recently attended a talk about innovation by a well-known former CEO of a successful Canadian company. His remarks were mostly sensible at first:...

Kudos to tech companies for opposing Trump’s irrational travel ban

Kudos to tech companies—Apple, Google, Microsoft, Facebook, and others—for opposing president Trump’s 90-day ban on travelers to the United States from the seven Muslim-majority...

Mark Zuckerberg wants to make the world a better place: Productiveness vs. charity?

Facebook CEO and recent parent Mark Zuckerberg has written a letter to his newborn daughter—cum a political manifesto—in which he makes the ‘Billionaires’ Pledge’...

Why do we fear capitalism?

My MBA students have been discussing alternative social systems as context of business in my business ethics class. While most see the value of...

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,...

Corporate leaders: seekers of climate change salvation?

Bank of England Governor Mark Carney has predicted that climate change will lead to a financial catastrophe—unless corporate leaders start taking the risks of...

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...