2023

What is the Relationship Between Conscious Capitalism, Stakeholder Capitalism, and ESG?

Stakeholder Capitalism / /

Operationalizing CSR I have previously blogged about “Conscious Capitalism” and pointed out that it is a relatively new concept but a natural part of the evolution of what it means to be committed to corporate social responsibility (CSR). Corporations need to embrace conscious capitalism if they want to be relevant as an engine for economic growth. The main […]

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Discrimination Against Seniors in the Workplace is a Growing Problem

Uncategorized / /

Protecting Seniors’ Rights We are facing economically turbulent times, which may include layoffs and companies downsizing. Unfortunately, older workers often endure the most of these cutbacks because employers use the opportunity to get rid of older workers who sometimes command the highest salaries or prevent the business from projecting a “younger” image. I have previously blogged about

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Clawback of Executive Compensation: Ethical Issues

Business Ethics / /

Accountability for Restated Financial Statements On October 26, 2022, the SEC issued a final rule aimed at ensuring that executive officers do not receive “excess compensation” if the financial results on which previous awards of compensation were based are subsequently restated because of material noncompliance with financial reporting requirements. Such restatements would include those correcting

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General Motors CEO Makes 362 Times the Median Employee

Uncategorized / /

Executive Pay Packages Are Out of Whack General Motors CEO Mary Barra, the highest-paid chief executive among the Big Three, made nearly $29 million in 2022. Securities and Exchange Commission filings show that this is 362 times the median GM employee’s paycheck. Publicly traded companies are required to disclose the ratio of their CEO’s pay

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Quiet versus Conscious Quitting: Impact on Millennials and Gen-Z

Millennials & Gen Z / /

Creating a Supporting Culture in the Organization I have previously pointed out in my blog that “quiet quitting” does not mean that employees outright quit their job. While employees do not stop performing their duties, they quit the idea of going above and beyond. They no longer subscribe to the hustle culture mentality that work must be

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Too Woke or Well-Advised? Workplace Implications

Corporate Social Responsibility / /

Analyzing the Case for Corporate Social Responsibility There is no doubt that wokeness has entered the workplace and creates challenges for ethical behavior. Some say it goes too far and politicizes the workplace. Others believe it’s simply an expression of social justice in the workplace and, as such, mirrors what’s going on in society. Discussions

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Relationship Between Loud Quitting, Conscious Quitting, and Quiet Quitting

Accountability / /

New Ways to ‘Check Out’ at Work: Dangers for the Workplace I have previously blogged about “quiet quitting.” In July 2022, a TikTok user with numerous followers posted that he recently learned about quiet quitting and said: “You’re not outright quitting your job, but you’re quitting the idea of going above and beyond. You are still performing

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What Educators Should Know About ChatGPT

AI/ChatGTP, Higher Education / /

Stakeholder Responses ChatGPT, a chatbot software launched by the AI company OpenAI in November 2022, synthesizes online data and communicates it in a conversational way. The chatbot generates articulate and nuanced text in response to short prompts, with people using it in a variety of ways including their schoolwork. ChatGPT could be a useful tool

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What Should Be Included in an Organization’s Code of Ethics?

Business Ethics / /

Setting an Ethical Tone at the Top I have previously blogged about the importance of having a code of conduct for all organizations. A code of conduct establishes the ethical principles upon which the behavior of employees will be judged. It helps to distinguish right from wrong. A code provides guidelines on reporting wrongdoing, and so much

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