Now We Know: 22.5% of Business Execs Don’t Know What Ethics Is

The Potter Factor: is 20% too much?

David Sokol was widely believed to be the anointed successor to billionaire Warren Buffett at the helm of Berkshire Hathaway Inc. until he resigned unexpectedly, following shocking revelations about his personal stock trading. Clever Sokol! He purchased ten million dollars worth of shares in Lubrizol Corp., a chemical company, then persuaded his boss, Buffett, to acquire it. Buffett agreed, the purchase swelled the values of the stock, and Sokol then sold his shares at a hefty profit, about 3 million dollars.

Sokol lost his job over the transaction, which has tarnished Buffett’s reputation, but he got his money. He appears to have found a neat little loophole in the insider trading prohibitions, which make it illegal for an individual to profit from investments made with the assistance of information that is not generally known. If Sokol knew that Buffett was going to purchase Lurizol and bought the stock to profit from it, he could be headed to jail. Because he made the purchase before he and Buffett discussed the deal, however, he’s only heading to the bank. Galling as it is, most authorities agree that he broke no laws.  Continue reading

The Unethical Deficit Debate, a Cause for Despair

Our future, thanks to Washington, D.C.

If the bi-partisan dishonesty and unethical conduct surrounding the budget showdown last week didn’t cause you to despair, then you weren’t paying attention:

  • At a time when the federal deficit threatens the long-term (and not all that long, either) solvency of the U.S., risking quality of life, world leadership and security while placing us under the thumb of China, a Machiavellian adversary, both parties—and the President— opted for ideological point-scoring and demagoguery rather than serious explication of the issues.  Irresponsible cowards.
  • The government was brought to the brink of a shutdown over a pathetic, meaningless, 39 billion dollars of cuts that Democrats called “draconian” and Republicans and Obama trumpeted as the “largest budget cuts in U.S. history”. They were draconian only if you think like Senate Majority Leader Harry Reid, who argued that Republicans were heartless to put “cowboy poetry” on the cutting block, and if, as is increasingly looking to be the case,  the Democrats are willing to let the country stay on the road to bankruptcy as long as it also leads them to power. The cuts were the “largest” only in their inflated figures: the budget was cut close to 50% after World War II. Liars and frauds.
  • Even if it were truly”the largest,” the heralded 39 billion dollars cut represented an infinitesimal dent in the overall budget and will have no appreciable effect on the deficit at all. It took a near shutdown to accomplish that. Easy Quiz: what are the chances of our current leaders displaying the political courage to make the substantial, genuine, painful cuts that all serious analysts agree are imperative to stave off financial ruin? Liars and cowards.
  • After all of the drama, after all the condemnation and hype, after “draconian” and “largest ever,” and after the President joined the charade, the no-nonsense Congressional Budget Office announced that by its calculations, the so-called cut was mostly fiction. It boiled down to only $352 million, less than 1% of a 39 billion that was inadequate to begin with. Incompetents.
  • The Democrats chuckled into their sleeves; the Republicans cried that they had been deceived, as if legislators don’t have the resources to find out what the money in the budget they are charged with approving actually pays for. Liars, incompetents and fools.

For me, the low point was President Obama’s speech at George Washington University, announcing his engagement—finally!—in the deficit-cutting debate while resorting that old Democrat stand-by, class warfare; blaming the Bush tax cuts, irresponsible but only one of many contributors to the deficit crisis; and  pledging to cut expenses by ending waste, fraud and abuse while simultaneously stating that the deficit couldn’t be cut by addressing waste, fraud and abuse.  It wasn’t any of those cynical moments that caused me to lose hope, however. It was the President’s insistence that the deficit cutting measures must not interfere with his highest priorities…such as building “new roads.” Continue reading

Unethical Quote of the Week: Actress Reese Witherspoon

Him: "AchOO!" Her: "You disgust me!"

“He had a very runny nose. It wasn’t appealing. It wasn’t pleasant.”

Actress Reese Witherspoon, describing to MTV in decidedly negative terms her sex scenes with “Twilight” hearthrob  Robert Pattinson in the soon-to-be-released film “Watter for Elephants.”

I’ve always liked Witherspoon, but it just doesn’t get much meaner and unprofessional than this.  Love scenes and sex scenes are potentially embarrassing for any actor or actress, and film and stage professionals recognize this and scrupulously apply the Golden Rule. If “kissing and telling” is bad, “fake sex and telling” is worse, not merely a breach of trust and confidence, not simply unfair and disrespectful, but a stunning  violation of professional standards. It is also irresponsible for an actress to attempt to shatter a film’s premise before it even opens.

I don’t know what Pattinson did or said during the shoot that provoked the actress to go out of her way to publicly embarrass him, but good luck to Witherspoon the next time she has to play a love scene with an actor. The ironic part is that Pattinson was being thoroughly professional by gamely sticking to the shooting schedule that required him to portray passion when he was suffering from a bad cold….and this is the thanks he gets.Wow.

Reese Witherspoon’s stock in trade has been playing spunky, nice girls. It seems she’s a better actress than we ever realized.

Would It Be Ethical To Prohibit Civicly Ignorant Citizens From Voting?

CNN columnist L.Z. Granderson made the argument in a recent website post that it would be reasonable to deny the right to vote to ignorant Americans who cannot name the three branches of government and who have nary a clue about the issues facing the country .

Granderson could have saved some time by simply writing the undoubted truth that American policies, progress and choices of leaders and are greatly handicapped by the fact that lazy, uninformed, blissfully ignorant boobs warp our democratic process….and have almost from the beginning. But so what? What can be done about it? There is one thing for certain: taking away the right to vote based on someone’s subjective formula for measuring “ignorance” isn’t among the realistic—or ethical—solutions. Continue reading

Kobe Bryant’s Two-Word Ethics Train Wreck

"Fucking" + "faggot"= ?

In the heat of an NBA game, Los Angeles Laker star Kobe Bryant shouted a two-word epithet at a NBA ref, estimated to be the 9,675,987, 555, 321,005, 349,674, 021st time a player has insulted a ref in hoops since they started keeping count in 1973. Unfortunately, the two words were “fucking faggot.”

And it was picked up by the TV microphones.

In rapid succession, the Gay Lesbian Transgendered advocates were all over the NBA,  calling a foul; Bryant was apologizing, and the NBA was fining Bryant $100,000.

Ethics train wreck. It’s a train wreck because whatever happens at this point, the result has ethical problems, and the lesson is ethically muddled. There is no question at all that if the remark by Bryant hadn’t been picked up by the mics, there would be no issue, no controversy. But it was, which means that a comment intended for one individual (if that) became a national display of incivility (or worse.) Continue reading

Comment of the Day: “Finis: The New Black Panthers Voter Intimidation Affair”

Michael, who also just made a “Comment of the Day”-worthy point regarding the recent post about schools banning homemade lunches for students (you can read it here), makes an important point about reports that dismiss allegations of government misconduct as “unsupported.” There is an obvious parallel with the public’s misinterpretation of verdicts finding the likes of O.J. Simpson (who did kill his wife and Ron Goldman) and Barry Bonds (who did lie to a Federal Grand Jury) “innocent” because the government prosecutors did not meet their burden of proof “beyond a reasonable doubt.” Here is Michael’s Comment of the Day on the post, Finis: The New Black Panthers Voter Intimidation Affair: Continue reading

The “Baby Emma” Saga Revisited: The Core Issue

Didnt King Solomon have a case like this once?

When the mother of the child an unmarried father co-created with her decides that she doesn’t want to/ can’t raise the child and doesn’t trust the father to raise her, is it ethical to put said child up for adoption without notifying or consulting the father?

That is the ethical issue the “Baby Emma” incident, first discussed here in an earlier post, ultimately raises. It is a question that I did not discuss in that post, focusing instead on the father’s conduct and his current plight, as self-described on his “Baby Emma” website. I made three ethical assessments, each of which are self-evident:

1. The whole situation would have probably not occurred if John Wyatt and Baby Emma’s mother had been married before conceiving a child.

2. Both of them were irresponsible to plan on having a child together without formalizing a mutual commitment to form a family and raise the child together…that apparently archaic institution known as “marriage.”

3. The mother betrayed John’s trust, deceived him, and treated him unfairly.

I also suggested that, absent a marriage, it is fair and reasonable that the mother of a newborn be able to put the child up for adoption if she deems that course better for the child than being raised by the child’s father. I did not say that was the law, or even that I would vigorously oppose a law that directed otherwise, as Virginia’s law does. I only stated that my own belief is that incentives for irresponsible parenthood are unwise. I have been asked why I focused on the issue I did, rather than the other ethical issues raised by the controversy. It was because the issue was brought to me with the presumption that John Wyatt, the father, was a blameless and unequivocal victim in the matter. My ethics alarms sounded: he has significant ethical accountability for the mess, and I explained why.

As to the answer to question above, I can only say this: it depends. The conduct of Baby Emma’s mother is mysterious and extreme. Did she panic? Did she have a mental break? Why would a lifetime friend and partner of a man conceive a child, pretend to plan to raise her with him, and then secretly negotiate to have the baby adopted and taken out of state?

I see many scenarios that could be behind her decision, which fall into three distinct categories: ethical, unethical, and too close to call: Continue reading

Here’s An Idea: How About Making Teachers Actually Read Their Code of Ethics?

Read the Code, Miss Umbridge!

I don’t believe that the outrageous stories I read almost every day about incompetent, abusive, irresponsible teachers necessarily prove that there is a higher percentage of teachers who got their credentials straight from Hell today than in past generations, though I strongly suspect that is the case. In the days before the internet, horror stories stayed local, and seldom even made the paper. Thus we didn’t hear about the kind of student-terrorizing episodes that have turned up over the last few days, such as….

…..The fourth grade teacher whose brilliant idea to explain the Civil War was to have a slave auction in class, with the white students bidding on the non-white students.

…..The kindergarten teacher who reportedly told students to encircle a classmate, call him a pig and make pig noises because the boy was “messy.” Continue reading

Ethics Dunce: Buzz Bissinger

It took about an hour after the  Barry Bonds verdict for the first ethics-challenged national sports writer to write something outrageous about it. Not surprisingly, it was Buzz Bissinger, a the member in good standing of the Daily Beast’s stable of annoyingly hypocritical, biased or appallingly cynical writers, Bissinger belonging to the last category.

His post, which pronounced the Barry Bonds conviction “a travesty” in the title, contained one ethics howler after another, any of one of which would have justified an Ethics Dunce prize.

Here they are:

“It is true that the case of Barry Bonds does hit a new low, a new low in the waste of millions of dollars of taxpayers’ money, a new low in the witch hunt of a player who, because he was considered surly and arrogant and unlikable, is now having intimate details of his life revealed (such as testicle shrinkage), a new low in outrageous abuse of government power.” Continue reading

Comment of the Day: “Ethics Quiz: The Home as Billboard…”

Jeff Hibbert sets a record for pithy and concise with his comment on the Ethics Quiz about the company that will pay your mortgage if you’ll let them turn your home into a billboard. Besides, it made me laugh, and I needed a laugh.

“Eventually, everything flat will have advertising on it. This is why I think a flat stomach is overrated.”