BUSINESS ETHICS LIBRARY

CURRENT AND RECENT ARTICLES FROM

THE WALL STREET JOURNAL

 

SOME RELEVANT LEGAL CASES

 

A FEW ELECTRONIC VIDEOS AND OTHER LINKS TO AUGMENT INSTRUCTION

THIS PAGE WAS ASSEMBLED PRIMARILY TO PROVIDE STUDENTS IN BUSINESS ETHICS WITH CASES THAT WERE RECENTLY OR ARE CURRENTLY IN THE NEWS.

THE WALL STREET JOURNAL IS A VERY RELIABLE SOURCE OF INFORMATION ON MATTERS OF BUSINESS AND IT PROVIDES DETAILS THAT CAN YIELD VERY FRUITFUL ETHICAL ANALYSES.

IN ADDITION, THESE LINKS MIGHT ENCOURAGE STUDENTS TO DEVELOP THE HABIT OF READING THE WALL STREET JOURNAL.

 

AFFIRMATIVE ACTION

"U.S. Supreme Court Limits Integration" from The Wall Street Journal, 06/29/07.

U.S. Supreme Court Decision. Parents Involved in Community Schools v. Seattle School District No. 1. 06/28/07.

"Affirmative Action at the University of Michigan" from The Wall Street Journal, 2/10/03.

"US Supreme Court Decision on Affirmative Action at University of Michigan from The Wall Street Journal 6/23/03.

"US Supreme Court Decision on Affirmative Action at University of Michigan from The Wall Street Journal 6/24/03.

    "Gruttner v. Bollinger."  US Supreme Court Decision on Affirmative Action at the University of Michigan (Law School). 6/23/03.

    "Gratz v. Bollinger." US Supreme Court Decision on Affirmative Action at the University of Michigan (Undergraduate School). 6/23/03.

"Excerpts from US Supreme Court Decisions on Affirmative Action at the University of Michigan" from The Wall Street Journal, 6/24/03

"Corporate Goal: Ethnic Variety, No Quotas." Impact of the US Supreme Court's decision on Affirmative Action from The Wall Street Journal,6/24/03.

"Affirmative Action and the Wealthy" from The Wall Street Journal, 2/20/03.

COMPUTER TECHNOLOGY AND BUSINESS

"Information Technology and Privacy" from The Wall Street Journal, 3/7/00.

"California Supreme Court Decision [Intel v. Hamidi]about Intel: Computer Privacy and Technology" from The Wall Street Journal , 7/1/03.

     Intel v. Hamidi. California Supreme Court, 6/30/03.

"Morgan Stanley E-mails" from The Wall Street Journal, 05/16/05.

"Blogging About the Workplace" from USA Today, 05/27/05.

CORPORATE RESPONSIBILITY

"NASDAQ Credo" from The Wall Street Journal, 2/21/02. [Slides]

"Corporate Ethics Training" from The Wall Street Journal, 11/04/02.

"How Enron Bosses Created a Culture of Pushing Limits" from The Wall Street Journal, 8/26/02. 

Report of Special Investigative Committee of Board of Directors of Enron, 02/01/2002.

"Suing Enron" from The Wall Street Journal, 10/02/03.

"California Sues Enron" from The Wall Street Journal, 6/2/04.

"Enron Tapes" from The Wall Street Journal, 6/2/04

"Lay is Indicted" from The Wall Street Journal, 7/8/04.

US  v. Lay , Full Text of Indictment, 7/7/04.

"Lay's Indictment Excerpts" from The Wall Street Journal, 7/8/04.

SEC Amended Complaint against Kenneth Lay, et.al. , 7/8/04.

"Lay's Response to Indictment" from The Wall Street Journal, 7/8/04.

"Kenneth Lay's Biography" from The Wall Street Journal, 7/9/04.

"Enron's Code of Ethics," 2000.

"Enron's Legal Defense" from The Wall Street Journal, 01/20/06.

"Fall of Enron" from The Houston Chronicle Special Report. Look under category "Business." 2006.

"Skilling's Testimony I" from The Wall Street Journal, 04/11/06.

"Skilling's Testimony II" from The Wall Street Journal, 04/11/06.

"Enron's Lay's Shaky Performance" from The Wall Street Journal, 05/01/06.

"Enron's Lay Defends Practices" from The Wall Street Journal, 05/03/06.

"Enron Closing Arguments" from The Wall Street Journal, 05/16/06.

"Enron's Defense Attacks "Fictional" Case' from The Wall Street Journal, 05/17/06.

"Enron Waiting for Verdict" from The Wall Street Journal, 05/20/06.

"Enron's Legacy" from The Wall Street Journal, 05/20/06.

"Enron's Lay, Skilling Conviction from The Wall Street Journal, 05/26/06.

"Enron's Conviction Opinion WSJ from The Wall Street Journal, 05/26/06.

"Enron's Skilling Interview I from The Wall Street Journal, 061706.

"Enron's Skilling Interview II from The Wall Street Journal, 061906.

"Enron's Lay and Skilling - $183 Sought by Government from The Wall Street Journal, 07/01/06.

"Enron's Lay's Death and Legacy from The Wall Street Journal, 07/06/06.

"Tobacco and Health Checks: Louisiana Jury Decision" from The Wall Street Journal, 7/28/03.

"Shuttle Probe Faults NASA's Culture" from The Wall Street Journal, 8/27/03.

    Text [248 pages] of Shuttle Probe Report. 8/26/03.

"NASA's Administrative Reaction to Shuttle Probe" from The Wall Street Journal, 8/27/03.

"NASA Chief Will Change Corporate Culture" from The Wall Street Journal, 8/28/03.

"Cigarette Sales and Bans in Prisons" from The Wall Street Journal, 8/27/03.

"NYSE Chief's Compensation" from The Wall Street Journal, 8/28/03.

"SEC Demands Details on NYSE's Grasso" from The Wall Street Journal 9/3/03.

"Boeing's Stonecipher from The Wall Street Journal, 03/08/05.

2010 Meltdown, "Introduction" by Edward Gordon. 2005.

"Vioxx Verdict"  from The Wall Street Journal, 08/22/05.

"Vioxx Verdict Backlash" from The Wall Street Journal, 08/22/05.

"Vioxx Timeline" from The Wall Street Journal, 08/22/05.

"Vioxx Verdict: Merck Response" from The Wall Street Journal, 08/22/05.

"Vioxx Litigation" from The Wall Street Journal, 08/25/05.

"Vioxx Verdict Casts Doubt on Merck" from The Wall Street Journal, 08/24/05.

"Merck Acquited" from The Wall Street Journal, 11/03/05.

"Merck's Victory from The Wall Street Journal, 11/04/05.

"Merck Liable" from The Wall Street Journal, 04/06/06.

"Merck's Punitive Damages" from The Wall Street Journal, 04/11/06.

"Merck and Fosamax" from The Wall Street Journal, 04/12/06.

"Merck-Gardasil from The Wall Street Journal, 06/09/06.

"Merck Loses Two Vioxx Cases from The Wall Street Journal, 08/18/06.

"Merck - Vioxx Decisions Reversed. from The Wall Street Journal. 053008.

"KPMG Settlement" from The Wall Street Journal, 08/29/05.

"KPMG Charges" from The Wall Street Journal, 08/30/05.

"KPMG and Congress" from The Wall Street Journal, 08/30/05.

"KPMG Tentative Settlement" from The Wall Street Journal, 11/01/05.

"KPMG Decision Highlights" from The Wall Street Journal, 06/28/06.

"Regulators Step Up Probes of Trading in Oil Markets" from The Wall Street Journal. 053008.

"Sex and Drugs Scandal with Federal Officials" from The Wall Street Journal. 09/11/08.

EMPLOYEE RIGHTS

"Employee Termination to Save Health Care Costs" from The Wall Street Journal, 7/14/03.

"Cutting Retiree Benefits" from The Wall Street Journal, 03/16/04.

"United Record Pension Default" from The Wall street Journal, 5/11/05.

 "Pensions for Retirees" from The Wall Street Journal, 5/18/05.

"Retirement Benefits" from The Wall Street Journal, 07/19/05.

"Giveback Demands" from The Wall Street Journal, 10/27/05.

"GM Cuts Pay and Benefits" from The Wall Street Journal, 2/8/06.

"Delphi's Proposed Cuts" from The Wall Street Journal, 03/31/06.

"Delphi's Reorganization" from The Wall Street Journal, 03/31/06.

"Delphi and Detroit's Crisis from The Wall Street Journal, 04/01/06.

ENVIRONMENT AND BUSINESS PRACTICES

Ulrich, LP. "We Are Late Arrivals."
"Dupont and Greenhouse Gases" from The Wall Street Journal, 1/16/03.

"Chemical Manufacturers Elude Crackdown on Toxic Materials." from The Wall Street Journal, 5/21/03.

ETHICAL PRINCIPLES AND SYSTEMS

Ulrich, LP. "Ethical Principles in Business  Ethics."
Ulrich, LP. "Ethical Systems in Business Ethics."

Herbenick, RM, Tibbetts, PE. Ulrich, LP. Navigating to Ethical Decisions. <mms://lsmedia.udayton.edu/ulrich/ethical.wmv> One-hour video produced by the Department of Philosophy. [You will probably need a high speed line to view this video.] Click on "Connecting" in the Windows Media Player and then click on "Play in Default Player."

Feminist Ethics

EXECUTIVE PAY

"Obama Lays Out Limits on Executive Pay" from The Wall Street Journal, 02/05/09.

"In Merrill Deal, U.S. Played Hardball" from The Wall Street Journal, 02/05/09.

"Judge Tosses Out Bonus Deal" from The Wall Street Journal, 02/05/09.

"Bankers Face Sweeping Curbs on Pay" from The Wall Street Journal, 09/18/09.

"Pay Czar Targets Salary Cuts" from The Wall Street Journal, 10/06/09.

"Czar Blocks Bofa Chief's Pay" from The Wall Street Journal, 10/16/09.

"Pay Slashed at Bailout Firms" from The Wall Street Journal, 10/22/09.

"Fed Hits Banks with Sweeping Pay Limits" from The Wall Street Journal, 10/23/09.

HUMAN RIGHTS

UN Declaration of Human Rights (1948)
Declaration of the Rights of Man and the Citizen (French Revolution) (1789).
Rights of Women (1791)
Constitution of Virginia (1776)
US Bill of  Rights (1789)
English Bill of Rights (1689)
Magna Carta (1215)
Aboriginal Charter of Rights (2000).

INSIDER TRADING

LEGAL DEFINITION OF INSIDER TRADING: Trading in possession of material, nonpublic information obtained in breach of a duty.

"Standards for Determining Insider Trading" from The Wall Street Journal, 12/31/02. 

"Martha Stewart Insider Trading" from The Wall Street Journal, 6/14/02.

"Martha Stewart's Possible Indictment" from The Wall Street Journal, 6/4/03.   

"Martha Stewart, Broker Indicted" from The Wall street Journal, 6/5/03.

"Martha Stewart's Declining Profits" [or "Bad Ethics Makes for Bad Business"] from The Wall Street Journal, 8/12/03.

"Mayham over Martha" Editorial from The Wall Street Journal, 6/5/03.

     The United States of America v. Martha Stewart and Peter Bacanovic: Legal Indictment.

"Martha Stewart's Conviction" from The Wall Street Journal. 3/8/04.

"Martha Stewart's Reactions I" from The Wall Street Journal, 7/19/04.

"Martha Stewart's Reactions II" from The Wall Street Journal, 7/19/04.

"Martha Stewart and the SEC" from The Wall Street Journal, 7/16/04.

     The United States of America v. Samuel Waksal. Legal Indictment on Insider Trading.

     The United States of America v. Samuel Waksal. Legal Indictment on Tax Evasion.

"Sam Waksal Sentencing" from The Wall Street Journal, 6/11/03.

"Spring Loading As Insider Trading" from The Wall Street Journal, 07/08/06.

INTRODUCTIONS TO UNIT TOPICS (TWO-MINUTE STREAMING VIDEOS)

Introduction to Business Leadership.

Introduction to Ethical Systems and Principles.

Introduction to Justice and the Accumulation of Wealth.

Introduction to Rights and Human Rights.

Introduction to Rights and Responsibilities of Employees.

Introduction to the Responsibility of Corporations.

Introduction to the Responsibilities of Corporations for the Environment.

Introduction to Virtue and Virtuous Practices of Managers.

JOB SECURITY
"Job Security: What Could Happen Without It" from The Wall Street Journal  3/5/03.

"Employee Termination to Save Health Care Costs" from The Wall Street Journal, 7/14/03.

"Laid-Off  Factory Workers Drying Up" from The Wall Street Journal, 7/21/03.

"Workers Confront Downward Mobility" from The Wall Street Journal, 8/13/03.

"Mining in Australia" from The Wall Street Journal, 7/21/04.

"When Older Workers Have Young Bosses" from The Desert Sun, 7/11/05.

LEADERSHIP

Maslow's Assumptions on Management.

Maslow's Values.

Characteristics of  Servant Leader.

Leadership and the Founding Fathers.

Drucker, "Leadership as Work."

"Noonan on Leadership --- We are Governed by Callous Children" from The Wall Street Journal, 10/30/09.

"The Lords of Entitlement" from The Wall Street Journal, 11/09/09

"Look Ahead with Stoicism --- and Optimism from The Wall Street Journal, 01/02/10.

SEXUAL HARASSMENT

Ulrich, LP. ["Dignity as a Foundational Element in the Workplace"].

"Sexual Harassment at Salomon Smith Barney" from The Wall Street Journal, 12/17/02.

"Stonecipher at Boeing from The Wall Street Journal, 03/0805.

TRUTH TELLING AND HONESTY

Herbenick, RM, Tibbetts, PE, Ulrich, LP. A Case in Ethical Decision Making: The Right to Nutritious Food --- Marketing Infant Formula in Third World Countries. <mms://lsmedia.udayton.edu/ulrich/formula.wmv> One-hour video produced by the Department of Philosophy. [You will probably need a high speed line to view this video.] Click on "Connecting" in the Windows Media Player and then click on "Play in Default Player."

"Tyco's Accounting Practices" from The Wall Street Journal, 12/31/02.

"Tyco's Conviction" from The Wall Street Journal, 6/17/05.

"Tyco's Chiefs Sentenced" from The Wall Street Journal, 9/20/05.

American Institute of Certified Public Accountants (AICPA). (Reference)

"Executives' Conflict of interest at Sprint" from The Wall Street Journal, 2/10/03.

"Accounting Conflict of Interest" from The Wall Street Journal, 2/7/03.

"Sprint Tax Breaks" from The Wall Street Journal, 2/13/03.

"Ethics and Anderson" from The Wall Street Journal, 3/20/03.

"U.S. Supreme Court Overturns Anderson Verdict" from The Wall Street Journal, 6/1/05.

"Bernard Ebbers and Accounting Fraud from The Wall Street Journal, 6/6/03.

"Staff Accounting Fraud at WorldCom" from The Wall Street Journal, 6/23/03.

"SEC Settlement for WorldCom is Approved" ($750 Million) from The Wall Street Journal, 7/8/03.    

     SEC v. WorldCom. $750 million Settlement Decision, 7/7/03.

"Bernard Ebbers Indicted from The Wall Street Journal, 03/03/04.

"Bernard Ebbers and Uneasy Partnership" The Wall Street Journal, 1/12/05.

"Bernard Ebbers Conviction" from The Wall Street Journal, 031505.

"Ebbers Sentencing" from The Wall Street Journal, 071405.

"WorldCom Settlement" from The Wall Street Journal, 10/27/05.

"Nexium and Prilosec" from The Wall Street Journal, 6/6/02.

"AstraZeneca vs. Generics" from The Wall Street Journal, 8/1/03.

"Free Market Drugs" from The Wall Street Journal, 2/28/03.

"Marketing and Telling the Whole Truth: The Case of Viagra and AIDS" from The Wall Street Journal, 3/7/03.

"Fraud: China-Style" from The Wall Street Journal, 8/4/03.

"SEC Settlement: Enron Loans from JP Morgan Chase and CitiGroup" from The Wall Street Journal, 7/28/03.

"AIG Insurance Risk" from The Wall Street Journal, 03/15/05.

"AIG Greenberg's Retirement" from The Wall Street Journal, 03/15/05.

"AIG SubpoenasSEC" from The Wall Street Journal, 03/28/05.

"AIG Admits Improper Accounting" from The Wall Street Journal, 03/31/05.

"AIG Chief's Last Tumultuous Days" from The Wall Street Journal, 04/01/05.

"AIG Outside Audit" from The Wall Street Journal, 04/01/05.

"AIG Alliance Casuality" from The Wall Street Journal, 05/20/05.

"AIG Nears Settlement" from The Wall Street Journal, 02/06/06.

"Tobacco Lied" from The Wall Street Journal, 081806.

VIRTUES

Aristotle, "On Virtue," Nicomachean Ethics, Book 2.

21 Qualities of Leadership, Contents.

"Commitment."

"Communication."

"Courage."

"Listening."

"Responsibility."

"Servanthood."

"Vision."

"Integrity: A Statement of PriceWaterHouseCoopers" from The Wall Street Journal, 1/16/03.

"Air Force Ethical Values"

"Spitzer Sex Scandal" from The Wall Street Journal. 03/11/08.

"Spitzer Resists Resignation" from The Wall Street Journal. 03/12/08.

"Spitzer Resignation" from The Wall Street Journal. 03/13/08.

WHISTLEBLOWING

 "The Complex Goals and Unseen Costs of Whistle-Blowing" [The story of Ted Beatty] from The Wall Street Journal, 11/25/02 page A1.

 "Whistleblowing and HealthSouth Fraud" from The Wall Street Journal,  5/20/03.

"HealthSouth: More Allegations" from The Wall Street Journal, 7/25/03.

"HealthSouth Legal Defense" from The Wall Street Journal, 02/02/05.

"HealthSouthScrushyAcquited" from The Wall Street Journal, 06/29/05.

"HealthSouth Key Events in Scrushy Case" from The Wall Street Journal, 08/26/05.

"HealthSouth CFO Sentence" from The Wall Street Journal, 08/26/05.

"HealthSouth Scrushy Bribery Conviction from The Wall Street Journal, 06/30/06.

"HealthSouth Scrushy Conviction Appeal from The Wall Street Journal, 07/01/06.

WEALTH

"Adelphia Convictions" from The Wall Street Journal, 7/9/04.

"Bernard Ebbers and the Acquisition of Wealth" from The Wall Street Journal, 12/31/02.

"Bernard Ebbers' Conviction" from The Wall Street Journal, 03/16/05

"EbbersSentencing" from The Wall Street Journal, 07/14/05.

"Free Market Drugs" from The Wall Street Journal, 2/28/03.

 "Profits for Generic Drugs" from The Wall Street Journal, 3/31/03.

"Profiting From Medicare Drug Plan" from The Wall Street Journal, 06/21/06.

"Big Buyers Push Drug Cuts" from The Wall Street Journal, 06/22/06.

"Generic Zocor For Sale from The Wall Street Journal, 06/24/06.

"Merck Prices Zocor Below Generic" from The Wall Street Journal, 06/21/06.

"Merck Sells Zocor Below Generic" from The Wall Street Journal, 06/22/06.

"AIDS Pill Simplified" from The Wall Street Journal, 07/10/06.

"Grasso's Pay, First Disclosure" from The Wall Street Journal, 8/28/03.

"SEC Demands Details on Grasso from The Wall Street Journal, 09/03/03.

"Grasso Influenced Pay Package" from The Wall Street Journal, 9/11/03.

"Grasso Quits NYSE" from The Wall Street Journal, 9/18/04.

"Grasso and Greed" from The Wall Street Journal, 9/18/04.

"Grasso's Hopes" from The Wall Street Journal, 9/26/04.

"Grasso Report: Executive Summary" from The Wall Street Journal, 2/2/05.

"Response from Grasso's Spokesman" from The Wall Street Journal, 02/02/05.

"Spitzer Files Suit against Grasso" from The Wall Street Journal, 5/25/04.

"Grasso Vindicated" from The Wall Street Journal, 070208.

 

NewYork V Grasso (Full Text - PDF file -106 pages) 5/24/04.

New York V Grasso (Excerpts) from The Wall Street Journal, 5/25/04.

"CEOs' Excessive Pay" from The Wall Street Journal, 4/26/06.

"Survey CEOs' Compensation" from The Wall Street Journal, 4/10/06.

"Exxon Raymond's Pay" from The Wall Street Journal, 4/10/06.

"Exxon Raymond's Pension Package" from The Wall Street Journal, 5/20/06.

"Executives' Pensions Increase While Workers' Decrease" from The Wall Street Journal, 06/23/06.

"GM Cuts Pay and Benefits" from The Wall Street Journal, 2/21/02.

"GMs Buyout Offer" from The Wall Street Journal, 3/23/06.

"GMs Plan" from The Wall Street Journal, 3/23/06.

"Debt Symbol of Capital" from The Wall Street Journal, 05/17/05.

"Profits Backlash" from The Wall Street Journal, 10/28/05.

"Capital and Risktaking" from The Wall Street Journal, 11/03/05.

"SEC Proposing to Modify Executive Pay" from The Wall Street Journal, 01/10/06.

"SEC and Executive Pay Rules" from The Wall Street Journal, 01/11/06.

"AT&T to Buy Bell South" from The Wall Street Journal, 030606.

"AT&T and Bell South a Gamble for Regulators" from The Wall Street Journal, 030606.

"AT&T Deal Worrisome for Cable Giants" from The Wall Street Journal, 030606.

"What AT&T Deal Means for Consumers" from The Wall Street Journal, 030706.

"Bill Gates Issues Call for Kinder Capitalism" from The Wall Street Journal. 012408.

"Bear Sterns Collapse" from The Wall Street Journal. 031608.

"Bear Sterns Shocks Market" from The Wall Street Journal. 031708.

"Bear Sterns Buyout by J.P. Morgan" from The Wall Street Journal. 031708.

"Bear Sterns Causes Next Crisis" from The Wall Street Journal. 031808.

"Bear Sterns Ripples in Corporations" from The Wall Street Journal. 031808.

"Bear Sterns Sparks Soul-Searching,, Part 1" from The Wall Street Journal. 031808.

"Bear Sterns Workers' Reflections" from The Wall Street Journal. 031808.

"Bear Sterns Bid from Morgan Quintupled" from The Wall Street Journal. 032508.

"Bear Stearns Lost Opportunities, Part I" from The Wall Street Journal, 052708.

"Bear Stearns Fear Rumors, Part II" from The Wall Street Journal, 052808.

"Bear Stearns Neared Collapse, Part III" from The Wall Street Journal, 052908.

"Bear Stearns Sale Finalized" from The Wall Street Journal. 053008.

"Bear Stearns Managers Face Possible Indictment" from The Wall Street Journal, 061608.

"Bear Stearns Prosecutors Focus on e-Mail" from The Wall Street Journal, 061908.

"Bear Stearns 2 ex-Managers Indicted" from The Wall Street Journal, 062008.

"Bear Stearns Fraud Acquittal" from The Wall Street Journal, 111109.

"Regulators Step Up Probes of Trading in Oil Markets" from The Wall Street Journal. 053008.