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Business Ethics: "From Yale to Jail"


27/05

  • 10:00 - 11:30
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Business Ethics: "From Yale to Jail"

Guido Palazzo

Boeing, Volkswagen, Wells Fargo, Fresenius, Oxfam: the recent wave of scandals shows that corporations and also nonprofit organizations systematically underestimate the human risk. In all those cases, organizations had to pay a huge price and in all those cases, problems do not relate to the decisions of a few criminals but result from systematic cultural problems and leadership failure. One of the key insights of those scandals is a recurring pattern of normal people behaving illegally in high pressure contexts. You can see it coming!

Contexts can be stronger than reason and good people can do bad things without even realizing that what they do is illegal or immoral. I call this ethical blindness – the inability of decision makers to see that what they do is wrong.


Guido Palazzo
 

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