Tag Archive for ‘Goldman Sachs’
Adding Value and Values to the MBA
When students return to campus in coming weeks, so will debate about the purpose of management education and the role of ethics. Columnist Gael O’Brien wonders whether current business leaders will support training new leaders in skills and competencies that support new models of business – or will it be simply business as usual?
Jeffrey Hollender Discusses Sustainability with Big Think
Jeffrey Hollender, Co-founder & CEO of Seventh Generation, discusses corporate responsibility and sustainability issues in an interview with Big Think.
Goldman Sachs to Pay $550 Million Penalty to Settle Charges
Investment banking firm Goldman Sachs will pay a record $550 million penalty and reform a number of its business practices to settle SEC charges that it misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse. The settlement came on the same day that the U.S. Senate approved a sweeping financial reform bill that promises profound changes in the way Goldman and other investment banks do business.
The Ethical Risk of Business as Usual
Columnist Gael O’Brien wonders what it will take to convince corporate leaders to build into their risk management strategies the capacity to ask crucial questions about ethical liability, as is done with legal liability. Such a step, she says, would be hardly radical and would have the objective of putting ethical conduct on the table as a deliberate outcome.
Conscious Capitalism: New Models for 21st Century Business
Columnist Gael O’Brien takes a look at a new organization and a group of business leaders who believe that a company can be profitable while also safeguarding trust, reputation, and credibility with stakeholders. One CEO poses the question: “Is it possible to create an enterprise where everybody wins?”
Say-on-Pay Shareholder Votes Gain Momentum
The number of so-called “say-on-pay” votes has increased from only 6 in 2008, when Aflac Inc. became the first to adopt the practice, and 19 in 2009.
Corporate Sustainability Ranking Gets a Face Lift
Last week’s World Economic Forum in Davos, Switzerland, saw a major upgrade in the quantification of corporate sustainability with the unveiling of what the author calls the “second generation” of a list of the Global 100 Most Sustainable Corporations in the World.
Financial Crisis Commission: Watch Out for Phil Angelides
There will no doubt be a fair amount of theater this week as the Financial Crisis Inquiry Commission holds its first public hearings exploring the causes of the 2008 financial crisis that nearly catapulted the U.S. and world economies into a 21st century Great Depression. While many will focus attention on the star bankers testifying, there’s another potential star in this drama that you might want to keep on eye on: the commission’s chairman, Phil Angelides.
Figuring Executive Compensation: Obama Finds It Isn’t Easy
For all of President Obama’s recent criticism of “fat cats” on Wall Street, his administration and the Congress have thus far proven unable to even begin addressing the issue in any fundamental way. New evidence of that can be found in the current The New York Times Magazine cover story, which focuses on the work of Kenneth Feinberg, the “pay czar” for companies receiving bailouts under the federal government’s TARP program.
BOOKS: Andrew Ross Sorkin’s “Too Big To Fail”
New York Times reporter Andrew Ross Sorkin’s “Too Big to Fail” is too good to put down. Chock-a-block with color and fly-on-the-wall detail, it chronicles bankers and government regulators searching desperately for solutions to the global financial crisis of 2008.
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