In November last year, MBA candidates at three business schools across the country decided to initiate oaths of ethical conduct for all graduating students. While the oaths were student-sponsored, these almost-socialistic self-administrations rang hollow amidst a recession. As I wrote at the time, it spoke of an identity crisis for business schools, which were beginning to look inwards at their curriculum for reasons behind the failed leadership on Wall Street.
Remember the Old Boys’ Club…? The boring, cranky, devious one that controls the banks, the economy and most of our wealth creation and money supply from behind the scenes? The one where nearly every key position in government is occupied by an Old Boy? Yes, that one.
Well, there are still a few lifetime members of the OBC firmly entrenched in the Federal Reserve (Grandpa Ben), and the Treasury (Timmy G and Larrykins) who continue to give all our money away to their ever-popular clubby friends.
These are the same old boy club members who along with ex-Goldman partner and Treasury Secretary Robert Rubin gave the store away to the big banks in 1999 with the repeal of the Glass-Steagall Act. Ordinary banks like Citigroup could now legally play roulette with government guaranteed deposits. OB Robert Rubin thought it was such a great idea he took a job with Citibank only weeks after leaving the Treasury.
These same old boys, Summers, Greenspan, Geithner with OB Senator Phil Gramm (now a lobbyist for Swiss Bank UBS) the very next year pushed through the ill-fated Commodities Futures Modernization Act - otherwise known as Derivatives-Are-Born-Free Act. This little understood law overturned a century old rule that had prevented unregulated market bets since the Panic of 1907. Now all bets were off…
Key business lessons can come from unlikely places. One man found them by spending six years on a bench in his back yard.
Michael O'Malley, Ph.D. says that beehives are the "original sustainable enterprises" that go back millennia, and they have a lot to teach us. Based on his observations of a bee hive in his back yard, O'Malley wrote a book, "The Wisdom of the Bees," to share 25 lessons on "what the hive can teach business about...
It's one thing to be environmentally conscious. It's another to encompass sustainability as a good business practice. And yet another to demand that employers discuss their corporate citizenship as part of the interview process and make it a part of your job search, especially considering the current job market.
As more business schools start addressing sustainability and corporate responsibility (some recent examples include Marlboro College and MIT's
Here In Good Company we have been busy keeping up with all the business schools who have recently been adding sustainability and CSR course content to their curricula. Whether that's MIT's Sloan School of Business, the recent announcement by University of California, Berkeley's Haas School of Business on the revamp of their MBA curriculum or Marlboro College Graduate School.
The rationale for this continuing trend is linear, at least for now. The schools are responding to demand...
If you think it’s difficult getting the very most desirable candidates to join your team when you’re going to pay them, imagine convincing top talent to join your nonprofit board of directors when you’re going to ask them to give you money, fundraise from their company and friends, and give you expert guidance.
There are lessons to be learned from the experiences of nonprofit leaders who recruit highly talented people from business to serve on boards. In my role bringing together board candidates with the
Let’s face it: sustainability can be a challenging topic for many people to understand.
For example, when you hear someone on the news or in business talk about alternative energy or cap and trade policy, can you honestly say you understand it all?
I’ll go out on a limb and admit that when I hear the word “carbon,” I sometimes struggle to pay attention – let alone understand what’s being discussed. That’s why tools like Annie Leonard’s Story of Stuff are so powerful – they take complicated subjects and translate them...
Yesterday, I discussed the PR perspective on corporate responsibility as presented by Edelman's Edelman's EVP for CSR-New York, Michael Holland. Here now is the final post on the CSR Forum organized by the Better Business Bureau, New York. The last panel of the day was represented by advertising, marketing and public relations giant Ogilvy's Global CEO Christopher Graves, and advertising columnist from the New York Times Stuart Elliot. The issue on hand: brand...