Bestselling author and professor Ted Malloch calls for real financial reform to restore confidence and fairness to a broken system
From Ponzi schemes to the credit crisis to the real estate bubble, the financial industry seems to have lost its way on the road to riches. As private greed continues to undermine the public good, one might wonder what ever happened to business ethics. And how can we reform the global financial system to benefit everyone, rather than just the very lucky few? In The End of Ethics and the Way Back, the bestselling author of Doing Virtuous Business teams up with attorney and Yale University Postdoctoral Fellow, Jordan Mamorsky to examine the most recent failures of business virtue, prudence, and governance―from Bernie Madoff to Jon Corzine and MF Global―before offering a set of structural and holistic solutions for our current ethical crisis in global finance.
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"An extraordinarily insightful work! This book takes the reader from the symptomatic to the seminal issues in corporate ethics. Ted Malloch brings home to us in no uncertain terms that economic value cannot sustain itself without the foundation of wholesome human values. CEOs, leaders in governments, and heads of educational institutions and the non–profit sector will benefit immensely from reading this work. It is easily one of the best books I have read in a decade."
Professor Debashis Chatterjee, Director, Indian Institute of Management, Kozhikode; author of Timeless Leadership
"Malloch takes a stand against the ′world disorder′ of economic vice and short–term thinking that he argues has eroded values on Wall Street, Main Street, and throughout society. A sobering assessment rooted in virtuous principle and a passion for rebuilding trust, reimagining our institutions, and demanding better of ourselves."
Dipak C. Jain, Dean, INSEAD, France
"The authors of this book understand the crucial distinction between ethics and mere compliance, and convey the decline of ethical values in the workplace in a clear and straightforward manner. This is a very important book for those seeking to get the financial system back on the right track."
Jonathan R. Macey, Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law, Yale Law School
"The End of Ethics is like a plumb line. It goes straight to the heart of the issue. Highly readable, it pulls no punches in detailing some of the worst cases of recent economic fraud. Then it puts forward sensible solutions that can discourage such widespread abuse of our freedoms. Read it to understand what is wrong with our current form of capitalism and how you can help to set it right."
Prabhu Guptara, Executive Director, Wolfsberg UBS, Switzerland
"The End of Ethics provides a fascinating account of the interaction between personal greed, flawed corporate cultures, and a lack of accountability and oversight within the broader financial system. The conclusions it draws are as much an injunction against the tacit acceptance within many corporations that greed is good, as it is a challenge to re–establish capitalism′s moral compass. As such, this book educates and inspires."
Mollie Painter–Morland, Associate Director and Professor, Institute for Business and Professional Ethics, DePaul University
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