There’s no such thing as business ethics

  Some years ago, a senior executive at a Fortune 100 company objected when I asserted that corporations have an ethical, as well as a legal obligation to keep promises and honor their contracts. He said that the decision to live up to or ignore contractual commitments is a business decision, not an ethical one. The other party has legal remedies, he said, and therefore responsible managers have a duty to evaluate whether it’s in the company’s best interest to honor or breach contracts. The decision should be based on a simple cost/benefit analysis. Ethics has nothing to do with it.

The Paradoxical Commandments

  In 1968, when Kent M. Keith was a 19-year-old sophomore at Harvard University, he wrote “The Paradoxical Commandments” as part of a booklet for student leaders. He describes the Commandments as guidelines for finding personal meaning in the face of adversity:

1. People are illogical, unreasonable, and self-centered. Love them anyway.

2. If you do good, people will accuse you of selfish ulterior motives. Do good anyway.

3. If you are successful, you will win false friends and true enemies. Succeed anyway.