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- All HBS Web
(269)
- News (83)
- Research (169)
- Multimedia (6)
- Faculty Publications (81)
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- 27 Jan 2023
- Op-Ed
Have We Lost Sight of Integrity?
of America did in the sexual abuse scandals that cost them billions in legal settlements. For a business example, look at Boeing and the crashes of two 737 MAX aircraft that killed 346 people—a topic covered in two Harvard Business School... View Details
Keywords: by Bill George
- 18 Nov 2002
- Research & Ideas
Where Morals and Profits Meet: The Corporate Value Shift
The overseas payments scandal was another contributor to the malaise. More than 400 major U.S. companies had admitted to making illegal campaign contributions and bribing public officials to win business overseas. Given the field's... View Details
Keywords: by Carla Tishler
- 13 May 2022
- Research & Ideas
Company Reviews on Glassdoor: Petty Complaints or Signs of Potential Misconduct?
Corporate scandals often follow a pattern: Whether it’s Theranos and its fraudulent blood testing technology, Wells Fargo and its fake financial accounts, or Volkswagen and its bogus emissions data, a whistleblower eventually comes... View Details
- 30 Jul 2018
- Research & Ideas
Why Ethical People Become Unethical Negotiators
takes to settle,” he adds. “Auditing firms screw up, and one scandal after another occurs, because they don’t want to upset their clients by noticing and telling them their books stink because they might lose their business.” Deception... View Details
Keywords: by Dina Gerdeman
- 06 Jul 2011
- Research & Ideas
Are You a Level-Six Leader?
of the modern world's greatest Opportunists. Also of this genre, although somewhat lesser known, is Jeffrey Skilling, the Enron CEO who sold off tens of millions of dollars of stock just before Enron filed for bankruptcy, claiming he had no knowledge of the View Details
Keywords: by Mitch Maidique
- 29 Jul 2013
- Research & Ideas
A Manager’s Moral Obligation to Preserve Capitalism
capitalism to allow its corporate managers to set up an accounting system that distorts the market—potentially leading to corporate scandals or an economic crash—and undermines capitalism itself. Rather, in these "thin"... View Details
Keywords: by Michael Blanding
- 28 May 2019
- Research & Ideas
Investor Lawsuits Against Auditors Are Falling, and That's Bad News for Capital Markets
when big scandals happen, like Enron and WorldCom, the weak link often turns out to be auditors. Managers are mostly truth-tellers but have incentives to embellish and sometimes commit fraud. So we rely on auditors to mitigate that... View Details
- 09 Dec 2002
- Research & Ideas
Most Accountants Aren’t Crooks—Why Good Audits Go Bad
The Sarbanes-Oxley Act of 2002, signed into law last July, is the government's response to a series of financial reporting scandals that rocked investors. Among other measures the law offers up stiff criminal penalties for accounting... View Details
- 01 Jun 2022
- What Do You Think?
Is Stakeholder Management Facing New Headwinds?
concluded that this thinking gained momentum after the scandalous failure of organizations like WorldCom and Enron 20 years ago. These companies supposedly were led and managed for the primary benefit of shareholders (and the top... View Details
Keywords: by James Heskett
- 21 Feb 2005
- Op-Ed
Is Business Management a Profession?
epidemic of business scandals would be to speak of a widespread failure among CEOs and other senior executives (along with board members, auditors, financial analysts, and others) to uphold their professional obligations. To speak of the... View Details
- 05 Nov 2021
- Op-Ed
Is the Business World Finally Ready for the Wisdom of Shibusawa?
since the bursting of the economic bubble in late 1980s. Multiple corporate scandals took place. Corporate Japan embraced the language of environmental, social, and governance (ESG) investing, but its true view was debatably rhetorical... View Details
- 10 Jan 2018
- Research & Ideas
Working for a Shamed Company Can Hurt Your Future Compensation
iPhoto In the blink of an instant, a corporate brand can turn from sterling to tarnished. Just ask Volkswagen or Wells Fargo—two prestigious names that have become associated with scandal in recent years, and now become synonymous with... View Details
- 27 Jan 2016
- Research & Ideas
A Politician's Investment Portfolio Might Tip Off Corruption Potential
percent stocks for the scandal free. Split another way, politicians holding more than 50 percent stocks were almost twice as likely to be involved in a scandal compared to their more risk averse... View Details
Keywords: by Roberta Holland
- 06 Jan 2003
- Research & Ideas
Why Expensing Options Doesn’t Solve the Problem
do no more than palliate public outrage. What we need is a much more comprehensive look at the recent scandals so that we can begin to figure out what the real issues are. As a start, let's consider one of corporate America's biggest... View Details
Keywords: by William Sahlman
- 02 Feb 2002
- What Do You Think?
Will the Societal Effects of Enron Exceed Those of September 11?
considered." Among the many commenting on the Enron case, nearly all felt that change was warranted but few believed that significant change would come from it. —James Heskett On the other hand, remarks typical of those arguing for the relative importance of the... View Details
Keywords: by James Heskett
- 05 May 2003
- Research & Ideas
SEC Commissioner Sees “Healing and Reform”
Despite the wrongdoings that have convulsed corporate America in recent months, SEC Commissioner Harvey J. Goldschmid believes that the business world is on the mend. "I have a very optimistic view," he said. "Out of View Details
Keywords: by Catherine Walsh
- 03 Mar 2003
- What Do You Think?
Are Conditions Right for the Next Accounting Scandal?
Summing Up Responses to this month's column lead one to conclude that we can expect that more major accounting scandals are in our future. Causes, according to these thoughtful comments, range from the consolidation of the major global... View Details
- 23 Jan 2019
- Sharpening Your Skills
Sports: Lessons for Managers
upswing in applications. Other universities have benefitted similarly. The reality behind the "Flutie Effect." Lessons from the Lance Armstrong Cheating Scandal A case study looks at the behavior of teammates who were swept up... View Details
- 01 Aug 2007
- Op-Ed
Company Town: Fixing Corrupt Governments
kickbacks. A corruption scandal in Lagos could harm KPMG's reputation in New York or Shanghai. Moreover, foreign firms are bound by many laws of their home country and by international laws, notably the antibribery convention of the... View Details
Keywords: by Eric Werker
- 02 Dec 2002
- What Do You Think?
How Will We Respond to the “Moment of Truth” in Option Plans?
expansion may face longer odds in getting approval. This is the result of scandals in executive compensation, many of which are associated with the fruits of large stock option awards. It is reasonable to assume that stock options, which... View Details
Keywords: by James Heskett