Posted tagged ‘ethics’

WSJ.com – Does Being Ethical Pay?

May 12, 2008

For corporations, social responsibility has become a big business. Companies spend billions of dollars doing good works — everything from boosting diversity in their ranks to developing eco-friendly technology — and then trumpeting those efforts to the public. But does it pay off?

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Countrywide CEO Angelo Mozilo Forfeits $37.5 Million In Pay

January 28, 2008

MY COMMENT: Is this an ethics issue? Would you walk away from $37.5 million if you were entitled to it? I’m not saying that you deserved it, but it was yours for the taking. What does this say about his character? Angelo, if you see this or hear about it, contact me. I want to interview you for another publication.

He “also walked away from $400,000 per year he was to be paid under an agreement to serve as a consultant to the company following his retirement, and perks including the use of a private airplane.”

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