Ethical Quote of the Week: Angels Pitcher Jered Weaver

Is enough ever enough?

“How much more do you need? Could have got more, whatever. Who cares? If $85 million is not enough to take care of my family and generations to come, then I’m pretty stupid.”

—Los Angeles Angels pitching ace Jered Weaver,after signing a 5 year, $85 million contract to stay with Angels.

Weaver hardly signed for chicken feed, but his statement should be heeded by greedy athletes and corporate executives alike. After next year, he probably could have demanded another two or three million dollars a year or more from the highest bidder for his services, in exchange for leaving a team and a city where he is appreciated and comfortable, putting additional pressure on himself, and using funds that otherwise could pay the salaries of many lower paid club workers who might end up with no jobs at all. Continue reading

“Give Back” Ethics

Excellent! But is he giving, or "giving back"?

John Stossel, the ABC house conservative who yielded to the inevitable and finally migrated to Fox News, takes issue with what he sees as corporate America’s capitulating to the distorting rhetoric of capitalism-bashing. On his website, Stossel cites with approval this letter, sent by George Mason University  Economics Professor Don Boudreaux to the Ritz-Carlton hotel chain:

“Dear Ritz-Carlton:

“Thanks for your e-mail celebrating your and your employees’ participation in “Give Back Getaways” – activities in which you and your employees (along with some of your customers) “give back to the community.”

“Have you taken something that doesn’t belong to you?  If so, by all means give it back!…If, though, you’ve not taken anything that doesn’t belong to you, you possess nothing that you can give BACK. Continue reading