What’s wrong with Amazon jumping on the minimum wage bandwagon?

Amazon recently announced that it will raise the hourly wage it pays to a minimum of $15, to the cheering of its workers. CEO...

Who should you hire—and how to get hired?

At a recent Objectivist conference (OCON), Lars Christensen, a co-founder of the Danish investment bank Saxo Bank, gave a presentation about the influence of...

What do you gain by lying?

The short answer to the question is: nothing—and besides, you will lose a lot. I have written about honesty before, but a comment from...

Why businesspeople need moral principles

I recently received feedback from the students in my MBA business ethics course earlier this year. While a number of them were enthusiastic in...

How objective moral principles make decisions easier

A new semester, a new business ethics class. Although the students are self-selected—my course is an elective, I motivate them in various ways. For...

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,...

Why business people should be honest

In my years of teaching ethics to business students, I must have heard it all when it comes to justifying deception and lying in...

Leonardo DiCaprio, climate change and “corporate greed”

The World Economic Forum (WEF) in Davos has again attracted politicians, environmental activists, and celebrities to pontificate about how to save the world—of which...

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...

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...

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...

Kudos to Exxon CEO for not appeasing climate alarmists

Exxon’s Rex Tillerson is my current CEO hero: unlike his peers, he refuses to appease the climate change alarmists who attack the Big Oil....