NU Online News Service, March 18, 2:47 p.m.–New York
Business leaders run into trouble when they put the perpetuation of wealth over a clearly defined commercial objective, according to an ethics expert who spoke here last week.
“Counter to conventional wisdom, I want to suggest that while accumulating wealth is a goal, a company begs for trouble when it becomes the primary goal, for then there is no compass to use to check one’s direction,” Ronald Duska, a professor of ethics at The American College, said at an ethics awareness luncheon hosted by the New York chapter of the Chartered Property Casualty Underwriters Society.
“Businesses do not exist to maximize profits,” Duska said. “They exist to provide goods and service to others.”
Duska’s speech drew analogies between the behavior of the characters from the best-selling books by J.K. Rowling and the Enron scandal.