Don Knauss, chairman and chief executive officer of Clorox, shares his perspective regarding corporate ethical behavior and customer interactions. “Can an organization really influence customers with the way it conducts its business?” My answer to that question, having been in this business for 28 years, is yes.
Nice to see a corporate CEO who finds the value in ethical behavior and benefit to customers.
Now who would have thunk (I know that’s not a real word), that Girl Scout Cookie sales would have anything to do with business ethics. But, that is part of the lesson… Through the Girl Scout Cookie Program, girls develop five essential skills: Goal setting, decision-making, money management, people skills and business ethics.
Firms should put their IT ethics policy at the heart of any new business strategy, according to a new paper launched today by the Institute of Business Ethics (IBE).
One of the more famous stories about his business practices: He owned the Utah Stars of the American Basketball Association when the team declared bankruptcy in 1975. Though his financial obligations were taken care of, he still spent $750,000 of his own money to repay every season ticket holder and vendor, with interest.
Barry R. Bekkedam, best known as a basketball star in the 1980s, later built his Main Line investment firm into one of the largest of its kind in the country, thanks to a knack for attracting money from extremely wealthy families. Unfortunately, Bekkedam’s Ballamor Capital Management L.L.C., of Radnor, has been struggling with the loss of $30 million of client money to an alleged massive Ponzi scheme.
Seems like every time we turn around we hear of yet another Ponzi scheme.