What do executives themselves think of the ethical climate of U.S. business these days? The answer, as reported in a soul-baring survey of 1,700 businessmen by the Rev. Raymond C. Baumhart, S.J., a doctoral student at the Harvard Business School: Not much.
When ethical questions were put to them, Father Baumhart reports in the current Harvard Business Review, an overwhelming majority of the executives gave proper answers for themselves but, when asked if they thought the other fellow would follow the same high standards, were profoundly skeptical.
The executives contend that the "average" businessman would countenance padding of expense accounts, taking advantage...
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