Monday, March 14, 2005

If everyone else is doing it, is it okay to do it too?

Top executives of AT&T stand to receive $31 million in severance pay if its deal to be acquired by SBC Communications goes through as planned
Executives get paid handsomely for selling a company they don't even own. Why fight for longevity at a company, with uncertain rewards, when you can pursue a sale and win large earnings?
If any of the executives are hired by SBC, they will not receive the payments.
Would you rather take millions today or try to get hired?

Business school applicants exhibit sneaky behavior
...some eager business school applicants - most of them aiming at Harvard - exploited a technical glitch to get an early peek at their pending decisions online... "Our mission is to educate principled leaders who make a difference in the world," Kim B. Clark, the dean of Harvard Business School, wrote in an official statement. "To achieve that, a person must have many skills and qualities, including the highest standards of integrity, sound judgment and a strong moral compass - an intuitive sense of what is right and wrong. Those who have hacked into this Web site have failed to pass that test."
Result? Rejection! Some of the applicants feel they have been wronged and are creating T-shirts, boycotting HBS, etc. But, if they really want to be successful in business, where reputation and trust can be everything, the fact that its even a question whether or not their actions were unethical should have given them pause before they logged on and accessed their results.

What's wrong with accepting that you made a mistake? It surprises me that I haven't seen any remorse from the affected students.

You can't even argue that they were trying to fight for a larger, longer-term good...

Executives that get paid big bucks for hitting their nummies don't give the bills back when it turns out their numbers were WRONG
Executives given bonuses based on data that turn out to be wrong should return the money, at least if they are paid a significant salary, [Mr. Turner from Glass Lewis] added.

"I just think that morally, if the bonuses should never have been paid out to that group, then that group shouldn't get to keep any of it, regardless of the law," he said.
I mean, its like the executives are in charge of grading their own papers/exams at school. They grade the papers incorrectly, give themselves A+'s and reap all the benefits (lots of bennies)... when it turns out they really got F-'s, they still get to keep the money?! WTF?