It’s ironic that Charlie Sheen played the character with the ethical conscience in the 1987 film “Wall Street.” Now he’s at the center of a titillating Hollywood scandal that has lessons to teach us about business ethics and the business of Hollywood. As has been widely reported in the Los Angeles Times and elsewhere, CBS …
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Business Laws & Ethics
Today’s Wall Street Journal reported the story of the progress BP is making in re-characterizing its culture in the aftermath of the April 2010 Gulf Oil Spill. According to the Journal, new CEO Bob Dudley has created a new global safety division at BP, a company that also suffered a 15-fatality refinery explosion in Texas …
Leadership development is an important aspect of the director role, and not just something that is recommended for executives. All directors should review their own leadership skills from time to time and determine what and how to improve.
Today’s NY Times reports the story of Kansas City Royals pitcher Gil Meche, who was contractually entitled to $12 million in compensation for 2011, but instead forfeited the money by retiring. As reported by Tyler Kepner, Meche was contractually entitled to the money if he showed up to spring training next week, even if he …
I’m not intentionally picking on Johnson and Johnson. But their current ethical challenges couldn’t be a better case study for the financial impact of not living one’s values. As reported this morning, Johnson & Johnson, the world’s largest health products company, said fourth-quarter profit fell 12 percent, hurt by product recalls and declining sales. The …
One of the biggest misconceptions about the Fundraising Committee is that its members are to do the fundraising for the nonprofit. No, the job of the Fundraising Committee is to ensure that the fundraising is done very well. The actual fundraising should be done by all Board members, with various staff members supporting those Board …
The window is closing for Johnson & Johnson to retain realistic hopes of regaining its trusted position with customers. Customers are moving away from the brand and are increasingly finding suitable substitutes. Today’s New York Times offers an update on what is happening with J&J. But what is most striking to me is how this …