The Ad firm Adzookie will make their monthly mortgage payments for people willing to turn their homes into billboards. According to the company’s CEO, it has received over 1,000 applications from people willing to have their houses turned into something like the eye-sore in the photo.
Your Ethics Quiz: Is this unethical conduct by the company, or merely disgusting, provoking our “Ick!” reflex?
For the Unethical side, consider: Continue reading
"Sure, but other than THAT: great night at the theater, right?"
I believe that much of the time the corporate sector is unfairly treated by the media, politicians, and the public. Part of this conviction arises from my experience working at the U.S. Chamber of Commerce, directly under its current president when he was a rising young Turk. I dealt with corporate executives every day, and got to see the challenges of big business from their side. Most of the time, they struck me as genuinely concerned about workers, communities, fairness, while believing, of course, that an unfettered private sector was in the economic interest of everyone.
Increasingly, however, I see corporate behavior that is so arrogant, so transparently greedy, so contemptuous of the public’s intelligence, so blatantly, obnoxiously wrong that I wonder if it was all a dream. There was AIG, accepting billions from American taxpayers to save it from the consequences of its own fiduciary crimes, immediately spending some of it on lush retreats and parties for its executives. There were the leaders of Goldman Sachs, telling gape-jawed U.S. Senators that, no, they didn’t see anything unethical about selling their trusted clients investment products so awful that the company made money betting on their failure. There are the U.S. banks, hoarding their money and refusing to refinance mortgages that were unconscionable to begin with, preferring to make the nation’s economic problems worse by foreclosing on families’ homes rather than making a good faith effort to undo a human and social catastrophe that was substantially of their own making.
Now comes the news that Transocean Ltd., owner of the Deepwater Horizon oil rig, has announced that it is giving millions of dollars in bonuses to its executives after “the best year in safety performance in our company’s history.” Which seems perfectly reasonable, unless you want to make a big deal over that one little Gulf oil spill incident last April…you know, the one that began when a Transocean oil rig exploded, killing eleven people including nine Transocean employees. Continue reading
The Nigerian Prince wants to meet your mother.
As my sister and I try to unravel the details and records of my mother’s nearly 90 years, we both have concluded that she would have been an easy mark for scammers and frauds if she didn’t have two lawyer offspring reviewing her decisions. The number of elderly, mentally-failing Americans who lose their life’s savings to these predators is a national tragedy. They are particularly prominent on the internet. I was very frustrated with my mother’s resistance to e-mail and the Web…now I’m not sure it wasn’t too dangerous for her to navigate.
The F.B.I. has an excellent and informative web page that should be shown, read to, and explained to every senior in your life. From the introduction:
“Senior citizens are most likely to have a “nest egg,” to own their home, and/or to have excellent credit—all of which make them attractive to con artists...People who grew up in the 1930s, 1940s, and 1950s were generally raised to be polite and trusting. Con artists exploit these traits, knowing that it is difficult or impossible for these individuals to say “no” or just hang up the telephone. Older Americans are less likely to report a fraud because they don’t know who to report it to, are too ashamed at having been scammed, or don’t know they have been scammed. Elderly victims may not report crimes, for example, because they are concerned that relatives may think the victims no longer have the mental capacity to take care of their own financial affairs.”
The site goes on to describe how various scams work and how to spot them; indeed, you don’t need to be a senior to be vulnerable. The list is daunting: Continue reading
We've all been there, Larry. Still sounded awful, though.
“The human toll here looks to be much worse than the economic toll, and we can be grateful for that.”
—CNBC’s financial guru Larry Kudlow, discussing the economic implications of the Japanese earthquake and its aftermath—a legitimate topic—while giving an instructive demonstration of how tunnel-vision and focus on one objective above all else can disable an ethics alarm, momentarily, or even permanently.
The quote speaks for itself, but here are a few comments: Continue reading
How did I get HERE??
I confess: I honestly don’t understand this problem. From the first time I had an expense account, it never occurred to me to use it for my own pleasure. If I had to eat out on the road, I picked an inexpensive restaurant. I didn’t charge hotel room movies to my employer—he wasn’t sending me there to be entertained. I flew coach, and paid for any personal long-distance calls. Why? Because it wasn’t my money. I was a fundraiser for a non-profit, and I knew that whatever the donors were giving money for, it wasn’t for me.
It became apparent over the years that few of my colleagues or bosses saw it that way, when it came to their own expenses, and that elected officials and corporate officers not only readily use other people’s money extravagantly, but also that few people object when they do. The conduct is clearly irresponsible and unfair; I would call it dishonest. But those in high positions seem to regard it as their right. Continue reading
Give generously to save victims of ABC's "This Week."
On ABC’s Sunday public affairs show “This Week,” the usually admirable Jake Tapper breached the broadcast journalist’s duty not to promote logically flawed arguments that will make the public dumber than it already is.
Debating with his guests the merits of Wisconsin Governor Scott Walker’s efforts to severely reduce the collective bargaining rights of public unions, Tapper cited an intellectually dishonest New Republic article by Joseph McCartin which used data from the Bureau of Labor Statistics to make this statement: Continue reading
She needs that 20%
Here’s why you need to tip, and generously: Waiters and waitresses are screwed if you don’t. Continue reading
The battleground
The story to date: Wisconsin’s Republican Gov. Scott Walker announced a budget-repair measure to address looming budget deficits (in a state with a balanced budget mandate in its constitution) by requiring state employees to contribute a larger proportion of their pensions and health care plans, and restricting their long-standing collective bargaining rights. Wisconsin’s deficit is projected at $30 million for the remainder of the 2011, with a shortfall of $1.5 billion projected for next year. In response to Walker’s announcement and the near certainty of his plan being passed by the Republican dominated state legislature, 14 Democratic legislators fled the state to prevent a quorum and block a vote, teachers left their classes to protest in Madison, where they were joined by thousands of pro-union protesters, many of whom were organized and bused in by Organizing for America, a White House operated political group.
Let’s try to separate the ethics wheat from the chaff—amazingly, there is actually some wheat–and get an early line on the heroes, dunces, villains, and the rest as the Wisconsin budget battle threatens to become a full-fledged Ethics Train Wreck. Continue reading
“Some of what I’ve heard coming out of Wisconsin, where they’re just making it harder for public employees to collectively bargain generally, seems like more of an assault on unions. I think everybody’s got to make some adjustments, but I think it’s also important to recognize that public employees make enormous contributions to our states and our citizens.”
—-President Obama, commenting on Wisconsin’s budget balancing measures, which will include ending collective bargaining by some public employee unions.
"Ladies and gentlemen...The President of the United States!"
This an abuse of power. No doubt about it.
For all his vaunted intellect, the President has displayed a stunningly flat learning curve in acknowledging and respecting the limits of Presidential influence, otherwise known as “sticking your nose where it doesn’t belong” or “shooting of your mouth about something that is none of your damn business.” In less than three years in office, he has… Continue reading
Speaker of the House John Boehner wants us to know that he, unlike President Obama, is serious about making the tough spending cuts necessary to bring the Federal deficit under control, no matter whose ox is gored. “We are reducing programs that are important programs that we care about,” he has said sternly, “and we’re doing what every family does when it sits around its kitchen table: we’re making the choices about what do we need for the future.” As for the president and Democrats, Boehner has argued that their approach “was very small on spending discipline and a lot of new spending so-called investments.”
“Borrowing and spending is not the way to prosperity. Today’s deficits mean tomorrow’s tax increases, and that costs jobs,” Boehner said, making it clear that he means business.
Then yesterday, when House Republican freshmen agreed with President Barack Obama and voted to cancel an expenditure of $450 million for an alternative engine for the Pentagon’s next-generation fighter plane, Boehner didn’t support them…. Continue reading
Ethics Alarms 