Saturday, 29 October 2011

How ethics went west in Big Bang ...

Travelling home on the train on Thursday, I happened to pick up a copy of the Evening Standard. In it was this article (link below) on business ethics, which I think is worth reading in its entirety. One segment in particular, however, stood out.
Before Big Bang the City was a place where occasionally there was a problem when honest firms employed dishonest people. Today that is reversed.

The chronic problem in the City is institutionalised dishonesty, people behaving with as much integrity as is possible but having to live in an environment which puts the firms' interests before those of the customer, and seeks on a daily basis to separate the customer from as much of his money as it can get away with. Today's problem is honest people in dishonest firms.
Read the whole here.

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1 comment:

  1. Being honest and working in a dishonest environment doesn't make any sense. You would end "corrupted" like others. Martin Luther King, Jr, wrote in his Autobiography :
    "I became convinced that noncooperation with evil is as much a moral obligation as is cooperation with good. No other person has been more eloquent and passionate in getting this idea across than Henry David Thoreau. As a result of his writings and personal witness, we are the heirs of a legacy of creative protest." -

    Régis Blain
    (French Anglican)