Today’s Ethics Quiz: How Do You React To Congressional Insider Trading?


Gekko for Congress. He has what It takes...Insider trading experience!

An  study in the journal Business and Politics last week reported that the investments of members of the House of Representatives outperformed those of the average investor by 55 basis points per month, or 6 percent annually. It concluded that lawmakers are taking advantage of inside information to make significant profits, engaging in conduct that would send a Gordon Gekko or Martha Stewart to jail.

“We find strong evidence that members of the House have some type of non-public information which they use for personal gain,” the four researchers who authored  “Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives” wrote. Continue reading

Ethics Dunce: Donald Trump

I know, I know. The ethicist’s equivalent of shooting fish in a barrel.

Nonetheless, even for the notoriously shameless and tasteless real estate mogul, this is a new low. He has recruited Rachel Uchitel for his self-promotion vehicle reality show, “The Celebrity Apprentice.” Uchitel, in case you’ve lost count, was the first of Tiger Woods’ many mistresses to be identified by the press.

Now every attractive woman seeking fame and fortune has a motive to contribute to the destruction of male celebrities’ marriages, to help disrupt  their children’s lives and shatter their sense of security, and to aid and abet self-destructive, dishonest, cruel conduct. If you do it well enough, Donald Trump will make you a star! Soon you can be appearing on other reality shows, making money, hiring an agent, getting photo spreads in the Globe and National Enquirer. All it takes is plenty of greed, a lot of ambition, and no shame. Talent, hard work, skill and intelligence are optional, and maybe even a disadvantage. Continue reading