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News & Updates

May 12, 2010 Investment firm that steered Upstate unions to Bernie Madoff is sued by NY attorney general

Source: Post-Standard -Syracuse

Syracuse, NY - An investment firm defrauded Upstate New York union pension plans out of $150 million by urging them to invest in Bernard Madoff-controlled accounts for a decade after it suspected Madoff was running a Ponzi...

May 10, 2010 U.S. Presses Toyota to Make Good on Safety Promise

Source: NY Times

TOYOTA CITY, JAPAN — Signaling renewed scrutiny over Toyota’s handling of a string of defects in its vehicles, Ray LaHood, the U.S. transportation secretary, said Monday that U.S. regulators would vigilantly monitor the...

May 7, 2010 Goldman braces for shareholder fury

Source: CNN Money

Hell may hath no fury like shareholders of Goldman Sachs scorned. On Friday, Goldman investors will converge on lower Manhattan for the firm's annual shareholder meeting. Typically a rather mild-mannered affair, the gathering is...

May 7, 2010 Goldman Sachs in settlement talks with SEC: WSJ

Source: Reuters

Goldman Sachs Group Inc's lawyers are in talks with representatives of the U.S. Securities and Exchange Commission to settle the fraud charges brought against it by the regulator, the Wall Street Journal said, citing people...

May 6, 2010 Economic crisis leads business schools to meld ethics into MBA

Source: USA Today

A few years ago, any discussion of the master's in business administration would begin with discussions of scandal and mismanagement. Look at instances of accounting fraud at Enron and WorldCom: MBAs behaving badly. A president...

May 5, 2010 4 ways to tell if Lloyd Blankfein's days are numbered at Goldman Sachs

Source: Fortune

If you believe the betters at Intrade, Goldman Sachs CEO Lloyd Blankfein has a 75% chance of keeping his job through the end of the year. But unless you're on the Goldman board, how do you really know? By combing through recent...

May 5, 2010 Ethics specialist to lead Harvard Business School

Source: Boston Globe

A professor who has a strong interest in business ethics will become the new dean of Harvard Business School, at a time when the corporate world’s image has been pummeled by fallout from the 2008 collapse of financial markets and...

May 3, 2010 Why we need the whistle-blowers

Source: Livemint.com

Christoph Stückelberger, professor of ethics at the University of Basel, Switzerland, and founder and executive director of Globethics, an international network of ethics experts and enthusiasts, was in India last week to present...

May 3, 2010 Blankfein Meets Shareholders Suffering Goldman Integrity Crisis

Source: Bloomberg/BusinessWeek

Lloyd Blankfein, Goldman Sachs Group Inc.’s chief executive officer, faces another test of his leadership this week when he addresses the firm’s annual shareholder meeting 10 days after a showdown with U.S. senators.

May 2, 2010 Buffett stands by defense of Goldman transaction

Source: Reuters

Warren Buffett on Sunday stood by his feisty defense of a controversial mortgage transaction marketed by Goldman Sachs Group Inc (GS.N), saying the investment bank's behavior did not warrant public opprobrium.

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