After years of scandals in which financial executives seemed to have little constraint to enriching themselves at the expense of their investors or the public taxpayer, business schools are stepping up ethics education.
However, it is unclear how classroom discussions of ethics relate to behavior on the job. After all, business schools have been teaching ethics for decades and it remains unclear how much has stuck with how many students.
Even with empirical evidence to the contrary, two-thirds of MBA students still believe that maximizing shareholder wealth is the purpose of a company. With this perception to pursue financial gain at the expense of employee and customer welfare or environmental and community value, pressure to commit unethical acts is likely to continue. read more . . .