ethics

The Bizarro World of Investment Advice

Do you ignore Warren Buffett, banks' greed and peer-reviewed research? Do you rely on advisers only as good as a coin flip? Welcome to Bizarro World.

Businesses Behaving Badly: You May Be To Blame

When businesses do things that harm workers, the environment, or the health and safety of their consumers, we are justifiably outraged. But do the companies deserve all the blame? Not necessarily.

Americans Love to Hate These Professions -- and No Wonder

Congressmen, lobbyists, and car salesmen have some of the worst reputations for honesty and ethics, as do business execs, stock brokers and real estate agents. And there's a reason why: The rules of their games are stacked against good behavior.

The Most Ethical Business in the World Is ...

Earlier this year, Ethisphere published its fifth annual list of the World's Most Ethical Companies. You'll be interested in which ones made the top of the list -- Best Buy, Starbucks, American Express, Target, General Electric -- but what's more important is how.

Buffett's Blind Spot: David Sokol's Unethical History

David Sokol, once considered a likely successor to Warren Buffett as CEO of Berkshire Hathaway, resigned this week from Berkshire under a cloud of possible insider trading charges. But these recent ethical lapses are hardly the worst of Sokol's business transgressions.

With Sokol Out, Who's in Line to Succeed Buffett?

David Sokol, a top executive at Berkshire, left Warren Buffett's empire abruptly on Wednesday. Although the SEC claims not to be investigating the reasons, and he says the choice was personal, its hard not to see a connection to Berkshire's recent purchase of Lubrizol, which was a big windfall for Sokol.

N.Y. Gov. Paterson's Free Yankee Tickets Earn Him a Stiff Fine

The state Public Integrity Commission fined him more than $62,000 for accepting five free tickets to the 2009 World Series opener at Yankee Stadium. It's the latest chapter in the long and dubious history of politicians getting wooed at sports events.

WikiLeaks Latest Document Dump Yields No Surprises

Despite all the media fervor over WikiLeaks massive document dump of decades of U.S. diplomatic correspondence, the leaked material hasn't revealed anything new. But while it may not harm national security, the leak could deal a serious blow to mainstream efforts to increase government transparency.

Charles Rangel Faces Congressional Ethics Trial

Rep. Charles Rangel, the New York Democrat who has represented Harlem for four decades, will face a rare trial before the House Ethics Committee on 13 charges that he misused his position as the powerful Chairman of the House Ways & Means Committee.

FDA Panel Scrutinizing Diabetes Drug Avandia

On Tuesday, the FDA will convene a panel of experts to discuss GlaxoSmithKline's type II diabetes drug Avandia. Once a blockbuster, sales of the drug have dropped by more than half since studies suggested it significantly increases risk for serious heart problems.

Should NYU Have Higher Ethics Than a Payday Lender?

The New York Times recently looked at the plight of Cortney Munna, a graduate of New York University struggling with nearly $100,000 in student loans, and asked: Should schools abet students in the process of financial self destruction, or should they follow a higher purpose?

Why the National Enquirer Won't, Win a Pulitzer

When the Pulitzer Prizes are announced later today, a lot of people will be watching to see whether the National Enquirer will win one for exposing John Edwards' affair. Here's why it won't.

Why Don't More Women Make Billions?

There's a dearth of women on the Forbes list of billionaires, but does that mean women are to be pitied for lack of opportunity? The latest wave of feminism says, No, since money truly doesn't buy happiness, women who "live joyously with little money" have the game of life figured out.

Finder's Fee or Bribe? A Study in Blogger Ethics

Blogging as a form of journalism is new enough that the ethics of it are still being worked out. And blog ethics can be a particularly treacherous area for those who wander into it unawares -- as New York City publicity executive Katherine Rothman, CEO of KMR Communications, did last week.