business ethics

Since February, Bernie Madoff has been on a little something called the Legitimate Years Tour. Yes, he may have pleaded guilty to a $50 billion crime that ruined countless people’s lives, not to mention resulted in the suicide of his own child, but why must that be all that is said of him, when it only represents a single entry on the old CV? He’s did a lot of other stuff too, and because everyone seems to have forgotten all that when his name comes up, much like they conveniently forget about how Mussolini made the trains run or time, or how Hitler built those wonderful autobahns, or how Ted Bundy made women feel special, he was forced to embark on the LYT to jog some memories. The first stop was a February an interview with New York, wherein he griped to Steve Fishman:

“Does anybody want to hear that I had a successful business and did all these wonderful things for the industry?” Bernie continued. “And got all these awards? And so did my family? I did all of this during the legitimate years. No. You don’t read any of that.”

Next stop: a chat with New Yorker reporter Jeffrey Toobin, who was reminded that Madoff “was worth a billion dollars before any of this nonsense started,” during which it was also suggested he should be getting credit for his later work (the legitimacy of which is still an open-ended question in his mind), if only for the fact that its complexities could only be understood by the most sophisticated of investors (him). And finally, as sit down with the Times, where Berns explained that he got such a raw deal because the judge, like all of his feeble-brained haters, doesn’t understand how “the industry” works.

And yet for all the work he’s put into educating you people on the History of Bernie’s World, in which the whole Ponzi thing is but a blip, you just still don’t get it. But you know what? That’s fine. Not a problem. Because Harvard does. Continue reading »

Not okay?

Jack Rappaport is a business professor at Lasalle University. Last month he gave students an opportunity to earn extra credit by taking a “symposium” on business ethics, for which he charged attendees $150. Their admission fee apparently went toward the hiring of three strippers, if you can even call them that, according to some attendees who were not impressed. “They were just dancing around the room,” said junior Louis Halegoua. “I mean, they had clothes on and stuff.” One, however, was apparently was doing a special kind of dance.

“I don’t know, just kind of laying on top of him. Not laying on top of him but straddling him. It was like a lap dance you could say,” said sophomore Brad Bernardino.

It was during the “like a lap dance” portion of the class that the business school’s dean happened to walk by the room and threw a wrench in the professor’s plans. Continue reading »