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 […]
Are SPACs the Next Financial Disaster Waiting to Happen? Read More »
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
What Should Be Included in an Organization’s Code of Ethics? Read More »
One’s Motive for Acting is the Key Is whistleblowing a moral practice? Different views exist on this important issue. Generally, the act of whistleblowing should be motivated by good intentions – i.e., to right a wrong. On the other hand, if the motive is to gain a financial reward or retaliate against a company for
Is Whistleblowing a Moral Act? Read More »
Transparency and Ethics Are the Keys to Holding the Cryptocurrency Markets Accountable? FTX was considered to be a very stable point in a very volatile world. Having them collapse or having them conduct fraudulent activity that is what’s really shocking many people and having a huge negative effect on the entire crypto world. From time
What Does the Fraud at FTX Mean for You? Read More »
THE IMPORTANCE OF WHISTLEBLOWING POLICIES In a recent study by Ethisphere it was stated that younger workers are more willing to report workplace misbehavior than workers from other generations, yet they are less likely to report it. The reason given is that they lack confidence in their employer’s anti-retaliation policies. In other words, they fear that by
WHY GEN Z IS LEAST LIKELY TO REPORT WORKPLACE MISCONDUCT Read More »
Emphasizing Environmental Issues Appeals to Gen Z and Millennials Introduction From time to time, I post a guest blog when it contains important information. Today’s blog is by Charlie Fletcher. You can contact her at: charliefletcher365@gmail.com. Charlie addresses environmental concerns that generally fall into the broader concept of sustainability. It seems that everywhere we turn these
Do Businesses Have an Ethical Obligation to Be Eco-Friendly? Read More »
How to Spot It and What to Do About It I recently read about the popularity of online searches about “gaslighting.” Merriam-Webster chose gaslighting as its word of the year. Searches on its website for the word spiked by 1,740% in 2022, most likely driven by people who were questioning if they were being gaslit
Beware of Gaslighting in the Workplace Read More »
Fairness Dictates That Workers Should Be Paid More The size of executive compensation pay packages seems to be an issue at least once a year, after information is provided on the average CEO compensation versus the average pay for a worker. It’s not just a fairness issue. Every so often, we hear about a CEO
It’s Time to Reign in Excessive Executive Compensation Pay Packages Read More »
I have previously blogged about the importance of establishing an ethical culture in an organization to support the code of ethics. A code is meaningless unless top management models ethical behavior in every action and decision made. Purpose of a Code of Ethics Codes of ethics are the rules of the road for all employees to follow.
Why Ethics Codes Are Important Read More »
Median Pay was $14.2 million in 2021 for CEOs A few days ago, I read that pay increases for U.S. CEOs are on the rise in the post-pandemic period. Median pay rose to $14.2 million last year for the leaders of S&P 500 companies, up from a record $13.4 million for the same companies a year
Is the Gap Between Executive and Employee Compensation Ethical? Read More »