Parable of the Sadhu Bowen H. McCoy's 1983 Harvard Business Review article "The Parable of the Sadhu" describes the author's own experience of how he "literally walked through a classic moral dilemma without fully thinking through the consequences" Continue Reading...
Parable of the Sadhu In the story "The Parable of Sadhu," author Bowen H. McCoy explores the question of ethics while his narrator hikes in Nepal. McCoy himself was the managing director of Morgan Stanley. He was also president of Morgan Stanley Re Continue Reading...
It was if he had left his ethical principles behind when he entered a context where fulfilling his ethical responsibilities to others meant less than the competitive drive to reach his goal. The fact that he had tried and failed to make the climb be Continue Reading...
Parable of the Sadhu" is a legendary text in business ethics -- it won the Harvard Business Review's Ethics Prize in the year of its publication. McCoy, a managing director at Morgan Stanley, writes autobiographically about a real experience during Continue Reading...
Parable of the sadhu teaches us the importance of a group's commitment to the welfare of an individual. In corporate ethics, this would mean the support of the entire organization for the welfare and career/personal growth of an employee. In the sens Continue Reading...
Accounting and Ethics The stakeholder model should be implemented in combination with Friedman's shareholder model In his article, "The Social Responsibility of Business is to Increase its Profits" published in 1970's reputed "The New York Times" M Continue Reading...
Corporate Accountability The corporate scandals of the last fifteen years have brought the issue of corporate accountability to new light, adopting at times a center-stage discussion. When the Bernie Madoff scandal broke, many professionals turned Continue Reading...
