Steven Mintz

What is Ethical Intelligence in the Workplace?

Ethical Culture, Moral Values, Workplace Behavior / /

Reviewing What Others Say About It I’ve always been attracted to the concepts of Emotional Intelligence and Ethical Intelligence. They are character traits that make for healthy relationships. However, I haven’t given them enough coverage in my blogs as it pertains to ethics in the workplace. According to ethicist Bruce Weinstein: “Emotionally intelligent people are aware of how they and […]

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Are SPACs on the Way Out? New Regulations are on the Horizon

Accountability, Accounting Profession, Ethical Culture, Workplace Behavior / /

SEC Comes Down Hard on Marcum LLP On June 21, 2023, the PCAOB sanctioned Marcum LLP for violating PCAOB rules and quality control standards by failing to take sufficient steps to ensure that its system of quality control provided reasonable assurance that: (1) the firm would comply with the requirements regarding the acceptance of issuer

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

ESG, Stakeholder Capitalism, Sustainability, Workplace Behavior / /

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

Discrimination, Wellness, Workplace Behavior / /

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

Accounting Profession / /

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

Accounting Profession, Business Ethics, Workplace Behavior / /

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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Are SPACs the Next Financial Disaster Waiting to Happen?

Accounting Profession, Business Ethics / /

What is a SPAC? The new craze on Wall Street is SPACs, or a special purpose acquisition company. SPACs are shell companies formed with the sole purpose of raising funds so it can buy an existing business. There were over 100 SPAC IPOs in 2022. They are often referred to as blank check companies because

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Too Woke or Well-Advised? Workplace Implications

Corporate Social Responsibility, Workplace Behavior / /

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, Workplace Behavior / /

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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