Reframing Business Ethics in the Management Education Curriculum

Mike J. Thompson ()
Additional contact information
Mike J. Thompson: China Europe International Business School (CEIBS)

Chapter Chapter 10 in Dimensions of Teaching Business Ethics in Asia, 2013, pp 133-145 from Springer

Abstract: Abstract The Cretan Minotaur of Greek mythology was a raging monster with the head of a bull and the body of a man. It represented uncontrollable lusts and powerful egoistic expressions in humankind. King Minos built a huge and complicated underground labyrinth-prison for the deadly Minotaur to dwell in. This maze of chambers was so complex that it was impossible to escape without help. In the tragedies of the 2008 financial crisis, the senior management of Lehman Brothers have been cast as players in The Devil’s Casino, the title of Vicky Ward’s book of the Lehman Brothers story (Ward 2010). The Lehman Minotaur was ultimately destroyed by its egoism and greed with the weak U.S. Securities and Exchange Commission (SEC) playing the part of the weak King Minos feeding the financial flows to satisfy the monster’s ravenous appetite. In his account of the Madoff Ponzi scheme, Harry Markopolis describes how “for years” he “observed and experienced the SEC protecting large perpetrators of abuse at the expense of the investors whom the SEC is supposed to protect … when it comes to large corporations and institutionalised Wall Street, the SEC uses kid gloves…” (Markopolis 2010, p. x).

Keywords: Business Ethic; Corporate Governance; Moral Judgment; Moral Agency; Moral Decision (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-36022-0_10

Ordering information: This item can be ordered from
http://www.springer.com/9783642360220

DOI: 10.1007/978-3-642-36022-0_10

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().