Outrageous Corporate Conduct 2011: Transocean’s Unconscionable Bonuses

"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 →

Now THIS is a Euphemism…

"Hey, where'd you get that lovely paperweight?"

While we’re on the topic of euphemisms, I want to show you one of the most intriguing.

The purpose of euphemisms, as in the case of the two in the recent Ethics Alarms Quiz, is often to avoid legal consequences. The Bush Administration didn’t want to brazenly violate the treaties it has signed banning torture, so it came up with a description of torture that made it seem like something else. President Obama doesn’t want to be accused (though he is anyway) of joining a war without Senate consent, so his Administration is calling the Libyan adventure a “kinetic military action.”

But they are both amateurs compared to the on-line marketers of brass knuckles, those  deadly metal devices one puts over one’s fingers to give an adversary the beating of his soon to be shortened life. Brass knuckles are illegal in many countries, and in most states here; their sale is also prohibited in various ways, and as weapons, they are subject to other regulations. The companies that sell them on-line, however, get around all this by calling them…

Paperweights! Continue reading →

To Wisconsin Unions, a Depressed Woman’s Suicide Is Just Another PR Weapon

"Oh, no. Poor ..hey, wait a minute! We just might be able to use this!"

“The ends justify the means,” for better or worse, has always been the modus operandi of the American union movement. Back at the beginning of the 20th Century, this often translated into violence, as union leaders used bombs and murder to counter equally vile tactics—or worse—by their industry foes. Union violence is more common today in the threatening than in the actual execution, but the public unions battling Governor Scott Walker in Wisconsin have made it increasingly clear that ethics, fairness and truth are not going to stand in the way of their objectives, particularly the objective of winning the battle for public support.

A new low may have been reached with the effort to blame Walker for the suicide of Jeri-Lyn Betts, a 57-year-old teacher suffering from chronic depression, who apparently committed suicide last week.  Continue reading →

The Times’ New Ethicist Commits Malpractice

The new Times "Ethicst" shows her dark side.

Randy Cohen’s replacement as “The Ethicist” in the New York Times Magazine, Ariel Kaminer, had a flawless maiden flight last week, but crashes and burns on her first question this week. As was too often true of Cohen, she messes up in the area of honesty and legal ethics.

The inquirer, an applicant for law school, had asked a former professor to write a recommendation.  The professor, an apparent creep, said she was too busy—Honestly: writing recommendations for students applying to graduate students is part of her job, and how long does it take?—but if that if the student would write it, she would gladly “edit as needed” and submit it under her own name. Ariel’s inquirer felt uncomfortable writing her own letter of recommendation, but did not “wish to jeopardize my chances of being accepted into my top-choice school by being overly conscientious.” Ariel’s question to answer: is it ethical to draft the letter? Continue reading →

The NPR Ethics Train Wreck

Ethics train wreck scholars take note: when an organization’s image and existence is based on multiple lies, an ETW is inevitable.

Oh NO! It's another Ethics Train Wreck!

National Public Radio is now in the middle of a massive, six-months long ethics train wreck that began with the hypocritical firing of Juan Williams on a trumped-up ethics violation. The disaster exposes the culture of dishonesty and entitlement at the heart of NPR, and by extension, the Corporation for Public Broadcasting. To the extent that their supporters blame anyone else, it is evidence of denial. This is a train wreck, however, and the ethics violators drawn into the wreckage are many: Continue reading →

Fired for Applauding: The Warped Ethics of Sports Reporters

I missed this story, because I regard auto racing as interesting as beetle mating, but it is an important one.

"Yeah, I report on it, but I really don't give a damn."

Trevor Bayne won the Daytona 500 last month, and the unexpected victory of the youngest Daytona champion ever provoked audible glee in the press box. One of the reporters on the scene, Sports Illustrated freelancer Tom Bowles, explained on Twitter and his blog why his applauding for a sporting result, considered a cardinal sin in the sportswriting profession, was not a sin after all.

He was fired. Continue reading →

Unethical Comment of the Week: Vice-President Joe Biden

“I wouldn’t call him a dictator, no.”

—-Vice-President Joe Biden, answering a reporter’s question about whether soon-to-be ex-Egyptian President Hosni Mubarak is a dictator.

President Mubarak is a dictator. By what measurement would we conclude otherwise? Continue reading →

The Second Annual Ethics Alarms Awards: The Worst of Ethics 2010 (Part 2)

The final categories in the Worst of Ethics 2010. Coming up: The Best of Ethics, 2010.

(If you missed Part 1 of the Worst, go here.)

Worst Ethics Presentation: “Ethics in Politics: An evening with Former Governor Rod Blagojevich” (Presented to its students by Northwestern University) Continue reading →

Spin or Fairness? Fox News and “the public option”

Media watchdog Howard Kurtz’s latest column for “The Daily Beast” illustrates how tricky achieving both objective and accurate journalism can be difficult, and sometimes impossible.

Examining Fox’s coverage of the health care reform debate, he discloses that after Republican pollster Frank Luntz tipped off Fox Tea Party booster and talking head Sean Hannity that the public was favorable to something called “the public option.” but suspicious of the same provision when it was referred to as “the government option.” Shortly thereafter, when the Senate Democrats introduced a health care bill with a public insurance option, Fox News vice president and Washington managing editor Bill Sammon sent the news  staff a memo: Continue reading →