Tuesday, March 8, 2011

On Ethics, Financial and Tech Firms Push Boundaries - WSJ.com

On Ethics, Financial and Tech Firms Push Boundaries - WSJ.com

Wall Street Journal

MARCH 7, 2011

Finance and Tech Signal Bold Attitudes on Ethics




Excerpts:

Executives in financial services and technology are the most cutthroat in collecting intelligence about competitors, while pharmaceutical executives and government officials are the most trepid, according to a recent survey.
"Companies have different senses of what's right and wrong," said Fuld & Co. President Leonard Fuld.
Technology and financial-company executives tend to be risk-takers in other areas of business, too, which might make them more susceptible to toeing ethical boundaries, said Larry Kahaner, author of "Competitive Intelligence."

What I've found is that the more money that's involved, the less squeamish people become," said Mr. Kahaner.

"If companies have gotten away with stuff over the years, they don't clean up their act."

The survey found that about a third of companies neither have information-collection guidelines nor do they share them with employees.





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http://dreamlearndobecome.blogspot.com This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

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