Finance

Porn: Finding Ethics in the Strangest Places

/ Jack Marshall / Leave a comment

It should surprise nobody that Amy Fisher, the “Long Island Lolita,” now out of jail for shooting her lover’s wife, married and in her mid-thirties, is outfitted with nifty breast implants and making money shooting porn films. At least her notoriety is being exploited in a manner that does not confer true celebrity status for her misconduct, unlike, for example, Michaele Salahi, who has been featured in glamour shots by the national media as a  direct result of her crashing a White House social event with her equally shameless husband. Amy was dismissive of her part-time porno career in a recent interview, and the woman she shot in the head, Mary Jo Buttafuoco, suggested in a follow-up interview that Fisher was ethically clueless (a not too far-fetched conclusion, all things considered), and that the fact that she made her living being photographed performing various sex acts despite being the parent of small children proved it.

This got me thinking about pornography..no, no, wait!—I mean about the ethics of pornography. Continue reading →

Ethics Heroes: The Billionaires of “The Giving Pledge”

/ Jack Marshall / 1 Comment

Encouraged by Warren Buffett and Bill Gates, more than 30 U.S. billionaires have pledged to give at least half of their fortunes to charity. Buffett and Gates launched The Giving Pledge project in June. The Giving Pledge does not accept money, or try to steer its participants to any particular cause.  Nor is it a contract. The project asks billionaires to make a moral commitment to give away their wealth to charity.

This is clearly the ideal time for such an effort, when state and local governments are fighting deficits and less wealthy donors are having difficulty meeting prior levels of charity. It is also an eloquent statement by a group of productive, talented, hard-working and patriotic Americans that has been unfairly used too often as a cheap political target by the Obama Administration, Congress and the media.

Nothing bad whatsoever can come from The Giving Pledge. Continue reading →

Ethics Quiz: The Garage Sale Treasure

/ Jack Marshall / 10 Comments

CNN is reporting the story of a man who bought two small boxes at a garage sale ten years ago and just discovered that they contained 65 previously undiscovered glass negatives by famed nature photographer Ansel Adams. He purchased the boxes for $45 (haggled down from $75), and their contents are now assessed to be worth at least $200 million.

Such stories raise interesting ethical questions. For example, if you were the lucky stiff who bought the boxes, would you give any part of it to the original owner? Continue reading →

LaBron, Steinbrenner, and Warped Sports Ethics

/ Jack Marshall / 9 Comments

Sports ennoble us through the  symbolic exploits of latter-day mythic heroes, who use their amazing skills and talents to exemplify courage, grace under adversity, loyalty, accountability, sacrifice, and, of course, sportsmanship.

Or so they say.

Sometimes it works out that way, but just as often an extraordinary athlete like LeBron James will choose to use his prominence to promote less attractive character traits, like greed, vanity, disloyalty, cruelty and boorishness. For some reason, the mega-millions LeBron was going to receive for fleeing Cleveland as an NBA free agent was not sufficient booty: the basketball star felt that “branding” required that he tease as many cities and franchises as possible, rub Cleveland’s loss in the faces of his previously worshipful fans in that city, and then announce his final choice of new employers in an ESPN TV special that embarrassed his sport and his species. James is not alone, of course; he has lots of company among college and professional athletes whose preening and selfishness make it impossible to use their names and “role model” in the same sentence.

But for the use of sport to warp ethical priorities, nothing quite matches the nauseating accolades being heaped on the late George Steinbrenner, whose ownership of  the New York Yankees was a decades-long advertisement for the principle that the end justifies the means, and as long as you win, nothing else really matters. Continue reading →

The Senate Closes an Unethical Tax Loophole

/ Jack Marshall / 5 Comments

When a defendant corporation is hit with punitive damages in a jury verdict, that means that in addition to causing the plaintiff’s injuries or damages, the corporation also was guilty of wrongdoing. Punitive damages are large amounts of money that the losing defendant must pay over and above compensatory damages, in order to make it too expensive for the company to keep doing what caused the original problem. This is one of the virtues of the civil justice system. Thanks to punitive damages, a lawsuit by a single injured party can result in a sufficiently painful financial penalty that the corporation has a significant incentive to reform.

So why do the tax laws allow companies to use punitive damages as tax deductions, since it 1) lowers tax revenues and 2) makes the damages less expensive, less painful, and less of an incentive to correct unsafe, dangerous or dishonest practices? Continue reading →

The Incredibly Unethical BP Boycott

/ Jack Marshall / 22 Comments

Readers of Ethics Alarms know that I think boycotting is at best economic bullying, at worst a non-violent form of terrorism, and generally unethical except in cases so rare that they are difficult to imagine. The current BP boycott is close to the worst variety, blunt and destructive mob anger akin to the reaction of the excitable citizens of Homer Simpson’s Springfield, whose solution to every crisis seems to be a riot.

BP was outrageously and perhaps criminally negligent in creating the conditions that led to the Gulf oil spill, and it is right and just that the burden of accountability and responsibility has fallen on them. And it certainly has fallen on them: as much as every citizen of the United States may want to personally kick the company while it is prone, the fact is that the dire consequences of its misconduct are already overwhelming, both long and short-term. Right now, the Gulf states are still dependent on the diligence and expertise of the company to try to limit the damage it has caused, and the company is, if only for its own survival, doing the best it can to succeed. This fact alone would make a public boycott of BP at this time senseless and counter-productive.

The boycott is also unfair. Continue reading →

The Amazing, Versatile and Unethical Goldman Sachs Code of Ethics

/ Jack Marshall / 6 Comments

Perhaps we all owe Goldman Sachs an apology. Everyone heaped outrage and ridicule the April spectacle of its executives going before the U.S. Senate and asserting under oath that they saw nothing at all unethical about intentionally selling “crappy” investment products to their trusting customers, then making money for their own firm by betting that the products would fail. Many were reminded of the tobacco executives, in the famous AP photo, all raising their hands to swear that they did not believe nicotine was addictive. After all, Goldman Sachs’s own website pledged openness, honesty, trustworthiness and integrity, saying,

“A critical part of running the marathon is acting consistently and playing a fair and honest game. ‘There’s only one thing we sell, and that’s trust.’ This applies to anything, but nowhere more than Investment Management. Clients trust us to do the right thing, and particularly when you’re in investment management and you’re appointed to manage clients’ money, they trust that you’re going to do it in a prudent manner. The worst thing you could do is breach that trust. We look for people who want to run the marathon, and who understand that trust fuels it.”

Now it seems that we were lacking a crucial document: the firm’s internal Code of Ethics, which Goldman Sachs recently made public. Under the provisions of this remarkable Code, what Goldman Sachs did to its clients wasn’t unethical at all; deceptive, conflicted, and unfair, yes…but not unethical, in the sense that it didn’t violate the Ethics Code itself. “Impossible!” you say? Ah, you underestimate the firm’s cleverness. Continue reading →

Abuse of Power in the Schools, Part 1: Pimping the Kids

/ Jack Marshall / 4 Comments

Blogger-mom Laura Wellington is making the talk show rounds after a post last month on her blog aroused interest and commentary from various newspapers. In the post, she indignantly described a fundraising drive by her child’s school that understandably raised her ire:

“…the letter [my daughter] handed me stated my daughter was to accomplish chores around the house with the goal of being paid by me for those chores the sum of $20.  She would then have to hand the full $20 over to the school to make up for the shortfall in their overall budget which, ultimately, disallowed the kids to go on yet another class trip.  Participation was mandatory according to what my daughter told me and the letter seemingly conveyed (however, on a later phone call, my daughter’s teacher altered the word “mandatory” to be “suggested” despite all evidence to the contrary)…”

Wellington’s complaint is that schools need to exercise fiscal responsibility, and she is joining a rising chorus of protest among parents across the country who feel that their tax dollars should not have to be supplemented with constant arm-twisting from schools urging them  to buy and sell over-priced cookies or provide additional contributions. This is a fiscal policy issue; the ethical issue should be less controversial. When did schools get the authority to dictate what children do outside school? How do they justify requiring unpaid labor for the school’s benefit? Continue reading →

Ethics Pop Quiz: “What’s Unethical About Auctioning Intern Positions?”

/ Jack Marshall / 6 Comments

Are you ready to exercise those ethics brain cells?

The News Alert blog is reporting that the Huffington Post auctioned off an intern position for $9000, and another  internship —three weeks of it with Richard Branson, founder of Virgin Atlantic Airways, and three weeks with hip-hop entrepreneur Russell Simmons — was auctioned off for $85,000, to benefit Simmons’s charity, Rush Philanthropic.

Question: Is there anything unethical about this, and if so, what?

[Play the “Final Jeopardy Theme” while you think this over…] Continue reading →

Ethics Quilt: Ghosts, Teachers, Facebook, and More

/ Jack Marshall / Leave a comment
  • Is It Ethical to Censor Someone’s Question You Think Is Unethical?:  Here is a post questioning whether a question can be so offensive that it is unethical to even ask it. The obvious answer: if you refuse to ask it, nobody will have the chance to explain what’s wrong with it.
  • “Yeah, Well, he Probably Deserved it…”:  As mind-blowing as the video of the Texas teacher assaulting and savagely beating a male student are the many, many on-line comments expressing sympathy and even support for her actions. What on earth is going on out there? Yes, teachers are placed in a nearly impossible position by restrictions on class discipline. Yes, there are students whose conduct is outrageous. Yes, I’m sure many teachers have wanted to lash out. Yes, the kid was probably no angel. Neither these or any other factors can possibly justify an adult authority figure resorting to violence against a student, a child, and someone placed in her care by the family and the state. “Where can I contribute to her defense fund?” writes one commenter. Another’s response is that if it were her son, she would come down to the school and beat up the teacher. And people keep asking me why I bother to write about ethics… Continue reading →