Former U.S. Senator Larry Pressler puts forth what is bound to be a controversial argument in The New York Times – he asserts that a generation has gotten used to “playing the system” in order to avoid its responsibilities: “Now that flawed thinking has been carried forward. Many of these men who evaded [military] service […]
The class of 2010 at the McCombs School of Business at the University of Texas – Austin has been very active in embracing the Oath. Just today, over 140 members of the class took the MBA Oath. We wish to congratulate everyone at McCombs for their commitment to responsible value creation!
Students at the Zicklin School of Business at CUNY, the largest AACSB-accredited business school in the U.S., are ramping up their commitment to the Oath and its principles. Two students, Celine Solsken Ruben-Salama and Christine Falantano, have decided to share their Oath experience on Youtube. Congratulations to them and to everyone at Zicklin!
The Economist tackles the debate over companies’ duties to stakeholders and shareholders. Were managers and decisionmakers motivated by the wrong incentives? A firm’s share price on any given day, needless to say, can be a very poor guide to long-term shareholder value. Yet bosses typically had their pay linked to short-term movements in share prices, […]
Peter Escher appeared on MSNBC’s Morning Joe with Joe Scarborough to discuss the MBA Oath, the book and ethics on Wall Street. A lot of the discussion revolved around Goldman Sachs and whether Goldman would have stayed out of trouble if it’s leaders had abided by the oath. This is well worth watching to think […]
Last week, the MBA Oath was covered in a London paper, City AM. The paper interviewed MBA Oath co-founder Peter Escher. The interview ranges from telling the history of the MBA Oath, to implications for Goldman Sachs, to questions of whether it clashes with fiduciary responsibilities. Check it out!