What ever happened to ethics?

by | Jul 29, 2010

Just Because you Can doesn’t mean You Should!

What ever happened to ethics? Everywhere you turn there is another company cashing in their ethical practices for the all mighty dollar. We have made the “bottom line” more sacred than the best interest of our clients. Recently, (among others) it was Goldman Sachs. Goldman Sachs has been in business for over 140 years. They built their business on trust, honesty and integrity. Then, somewhere in the last few years they abandoned their ethics and began selling collateralized debt obligations to their clients while standing to gain substantially from their losses. Goldman Sachs CEO Lloyd Blankfein said the situation was “unfortunate” while standing by the fact that the company’s actions were legal. True. The company’s actions were legal, but what about ethical? I guess we’ll leave that to the court of public opinion and how they spend their money and their client’s monies. Somewhere in the past few decades the lines of “legal” and “ethical” got blurred, then… they disappeared.

Stand by your ethical principals, because if you don’t the court of public opinion is going to judge you and your business. And, their penalty will be much more severe than any court of law.

The man of integrity walks securely, but he who takes crooked paths will be found out.       – Proverbs 10:9

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