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,...

Are the rich getting richer and the poor poorer?

The long-standing argument of the Left is that the rich are getting richer and the poor poorer, presumably because the former “exploit” the latter....

Energy industry distrusted—because it’s motivated “just” by profit

A recent survey by Canada West Foundation shows that almost half of the respondents (mostly Western Canadians) distrust the energy industry because “it is...

Art, business, and first-handed productiveness

I recently heard a panel discussion by some accomplished professional artists about a variety of topics, which ranged from the motivation to paint to...

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...

Supermarkets—our enemies?

“Every time we step through its doors we enter into a battle with our enemy, the supermarket corporation, whose motives are totally opposed to...

Apologizing for “white” advertising

The CEO of my favorite outfitter, Mountain Equipment Co-op (MEC), recently posted an open letter on the company’s website, with the heading: “Do white...

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...

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,...

We need more selfishness, not less

Contrary to conventional wisdom, selfishness is a virtue--and we need more of it. For most people being called selfish is an accusation, not praise....

Outsourcing is moral

When I told my husband that I was going to write a post defending outsourcing, he suggested the title “I love foreign workers.” That...

What is business ethics for?

A new semester, and a new class of business ethics, has begun. In my class, we initially discuss concrete examples of ethical dilemmas in...