Average NJ CEO makes 121 times more money than you

Wednesday, April 16, 2014
Asbury Park, NJ

The average New Jersey worker needs to work 121 years to match the compensation that the average New Jersey CEO makes in one.
That’s according to an AFL-CIO report released Tuesday, showing the Garden State’s top executives make on average $5.7 million. By comparison, the rank and file make on average $46,825.

“What these figures show is a recovery that is only rewarding the very rich at the expense of everyone else,” said Charles Wowkanech, president of the New Jersey State AFL-CIO. “The middle class is disappearing, and it’s because corporate profits are going into the hands of a very limited few.”

Michael Santoro, a professor of business ethics at Rutgers Business School in Newark and New Brunswick, said inequality is unavoidable and executives should be rewarded for building wealth and creating jobs.

But the social contract has gotten messy. CEOs have been rewarded with big pay days when their companies have created jobs only modestly, and, in some cases, performed poorly.

“I prefer to think of the problem of executive pay from an ethical point of view. (It) is less what they are being paid than what they are being paid for,” Santoro said.

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TAGS: Ethics Management and Global Business Michael Santoro

Ethical Environment of Business Sustainability conference to discuss critical values to core missions

Tuesday, April 8, 2014
New York, NY

The Rutgers Institute for Ethical Leadership (IEL) at Rutgers Business School will bring together more than 200 business, academic and government leaders to discuss the need for sustainable business leadership and how ethical, environmental, and social objectives can be built into businesses' core missions and operations.

Register today: The Ethical Environment of Business Sustainability

"A business has a responsibility to reward shareholders while ensuring that the communities in which it operates have the human and natural resources necessary to thrive in the future," said IEL Co-founder James Abruzzo.

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TAGS: Ethics James Abruzzo Leadership Thought Leadership

The Institute for Ethical Leadership offers customized training programs to the business sector

Monday, March 10, 2014
Newark, NJ

The Rutgers Institute for Ethical Leadership (IEL), located at Rutgers Business School, is offering its Customized Ethical Leadership Training Programs to the business sector.

The programs, presented on site and customized in advance, give participants an opportunity to learn and apply ethical leadership principles through case studies related to their industry and business unit.  The IEL staff and consultants work closely with division managers and executives to customize half-day and day-long programs that focus on risk assessment and real-life ethical challenges facing their employees.

According to IEL Co-Director James Abruzzo, "With our team of industry consultants and our internal intellectual capital, we are uniquely positioned to meet New Jersey's corporations' growing needs for ongoing ethics training. We combine the best learning from academia and the experience of practitioners to present valuable training at a reasonable price."

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TAGS: Ethics Leadership Management and Global Business The Institute for Ethical Leadership

Rutgers Institute for Ethical Leadership expands customized ethics training to New Jersey corporations

Monday, March 10, 2014

The Rutgers Institute for Ethical Leadership (IEL), located at Rutgers Business School, is offering its Customized Ethical Leadership Training Programs to the business sector. After 15 months of testing programs with some of the major corporations in New Jersey, the IEL is rolling out the programs statewide.

TAGS: Ethics Expertise James Abruzzo Leadership The Institute for Ethical Leadership Training

Faculty Insight: Professor Michael Santoro raises questions about Merck's continued marketing of NuvaRing

Wednesday, February 5, 2014

Rutgers Business School Professor Michael Santoro has co-taught a course on the ethical, legal and regulatory aspects of the pharmaceutical industry for more than a decade. He is part of the Department of Management and Global Business at Rutgers and also teaches about ethical leadership and business ethics.

TAGS: Ethics Faculty Insights MBA Merck Michael Santoro

Faculty Insight: Can a disgraced trader get a job in academia?

Wednesday, January 22, 2014

Rutgers Business School Professor Michael Santoro, who teaches ethics in business, spent part of last summer chronicling the federal court trial of former Goldman Sachs trader Fabrice Tourre in a series of blogs, tweets and

TAGS: Banking Ethics Faculty Insights Michael Santoro Rutgers Business School Wall Street

Wall Street - Main Street gap widens in unmatched economic recovery, says Michael Santoro in CNBC

Monday, January 6, 2014
Englewood Cliffs, NJ

 "The extraordinary gains of the stock market in 2013 have not been matched in the paychecks of ordinary working people and small businesses," said Michael Santoro, professor of business ethics at Rutgers University. Outlined in his book, "Wall Street Values," he argues that market fortunes have become increasingly separated from the rest of society.

(Read more: The problem with Wall Street greed 5 years after the crash)

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TAGS: Ethics Michael Santoro Wall Street

Rutgers Business School alumnus views pharmaceutical industry from top spot at FDA's Office of Prescription Drug Promotion

Monday, December 9, 2013

Thomas Abrams doesn’t look like a man in the hotspot at one of the Food and Drug Administration’s key regulatory offices.

TAGS: Alumni Ethics Mahmud Hassan MBA Michael Santoro New Brunswick Pharmaceutical Management

Faculty Insight: It may be time for Johnson & Johnson to challenge its credo...again

Tuesday, December 3, 2013

Johnson & Johnson continues to stumble through business issues that impact its reputation and throw into doubt whether its well-known credo is still capable of providing guidance to executives inside the venerable health care giant.

TAGS: Ethics Faculty Insights Johnson and Johnson Michael Santoro

It can be a fine line between business and bias.

Friday, October 4, 2013
Marlboro, NJ

The latest example of the fine line between business and bias is occurring in Marlboro, NJ, where one of the town's newest merchants, Hobby Lobby, found itself embroiled in a public clash over religious expression and its place in commerce.

The Oklahoma City-based behemoth of bric-a-brac carries just about everything, from burlap lamp shades to mustache stamp sets, but Marlboro residents learned late last week that the retailer, founded by devout Christian David Green, does not sell anything related to the Jewish faith.

"To not offer what your customer wants is problematic from a purely business perspective," said Ann Buchholtz, professor of leadership and ethics at Rutgers Business School.

Basic market research would show customer demand in the Marlboro area for Jewish-themed items, but Buchholtz said it wouldn't be surprising to learn that a company did not cover that basic step of learning the demographic of a new store location.

At Temple Rodeph Torah, Rabbi Donald A. Weber is stressing to congregants to recognize the distinction between discrimination and business practice, he said, because "freedom is messy."

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TAGS: Ann Buchholtz Ethics

Faculty Insight: Michael Santoro blog on SEC v Tourre trial picked up by The New Yorker

Wednesday, July 24, 2013

Rutgers Business School Professor Michael Santoro spent his summer break studying Wall Street – and its regulators – through the federal court trial of former Goldman Sachs trader Fabrice Tourre. Througout the case, Santoro wrote daily blogs and frequently tweeted updates.

TAGS: Blogs Ethics Expertise Faculty Insights Management and Global Business Michael Santoro Thought Leadership Twitter Wall Street

Professor Ann Buchholtz quoted in "Voice of OC" article on mysterious check to CalOptima health plan, Orange County, CA

Tuesday, June 18, 2013
Santa Ana, CA

Prof. Ann Buchholtz, professor of leadership and ethics and research director of the Institute for Ethical Leadership at Rutgers University, said secrecy is the underlying theme throughout the $90,391 check issue.

“They’ve got to stop hiding what they’re doing,” she said. “In the absence of that, everybody will keep struggling to find out what’s going on.

“Sunlight is the best disinfectant,” she added, paraphrasing U.S. Supreme Court Justice Louis Brandeis. “Everybody behaves better when they think someone is watching, and you can’t watch when it’s behind closed doors.”

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TAGS: Ann Buchholtz Ethics

Your reputation is key, no matter your size

Sunday, May 12, 2013

Quick! What does the acronym CSR stand for?

If you said “customer standard reaction” or “computer system reboot,” you’d be correct, technically.

However, CSR in business today stands for “corporate social responsibility.” No longer is CSR just for large public companies, and it’s not just your organization’s ethics or philanthropy.

Business authors Archie Carroll and Ann Buckholtz in their book “Business and Society: Ethics and Stakeholder Management” defined CSR as “economic, legal, ethical and discretionary expectations that society has of organizations.”

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TAGS: Ann Buchholtz Corporate Social Responsibility Ethics

James Abruzzo op-ed on social responsibility is smart business featured in The Star-Ledger

Thursday, April 18, 2013

Co-founder of the Institute for Ethical Leadership at Rutgers Business School James Abruzzo's opinion piece, "Social responsibility is smart business," was published by The Star Ledger.

TAGS: Business Ethics Faculty Insights The Institute for Ethical Leadership Thought Leadership

Rutgers Institute for Ethical Leadership Hosts Corporate Social Responsibility Conference Featuring Business, Academic Leaders

Tuesday, April 9, 2013

Interactive discussions with experts to make business case for corporate social responsibility, offer advice to companies, nonprofits and students

The Rutgers Institute for Ethical Leadership (IEL) will host its fourth annual Ethical Leadership Conference bringing together business and academic leaders in corporate social responsibility (CSR) to share lessons learned and help attendees work through challenges in starting and developing CSR programs.

"Ethics in Action: A Conference on Corporate Social Responsibility" will be held April 19 from 9:00 a.m. - 4:00 p.m. at the Newark Museum (49 Washington Street, Newark, NJ), near the Rutgers campus in Newark.

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TAGS: Conference Corporate Social Responsibility Ethics Newark Museum

Ethics in Government Requires a New Approach

Monday, March 25, 2013

George Amick’s article of February 11, 2013,  captioned “No help from state for ethics oversight”  concludes that  Hamilton Mayor Kelly Yaede’s heart was in the right place in trying to obtain state assistance in overseeing the city’s ethics program.  I agree that having an “independent” ethics oversight function is important,  with the emphasis on  “independent.”  However the overall state of government ethics programs,  to the extent they aspire to foster an ethical culture,  is significantly wanting. Let me explain and propose a solution.

Government ethics programs are centered around a body of rules geared to prevent conflicts arising from personal financial interests and official duties.  Indeed the mantra of the United States Office of Government Ethics is: Preventing Conflicts of Interest in the Executive Branch.   Employees are encouraged to comply with the various ethics requirements mostly through the threat of administrative sanctions.    Official oversight bodies, public interest groups and the news media also play a vital role in this process.

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TAGS: Ethics Government The Institute for Ethical Leadership

James Abruzzo on Groupon CEO's ouster featured in Marketplace

Friday, March 1, 2013
Washington, D.C.

Groupon’s board of directors fired the company’s CEO yesterday. Andrew Mason founded the daily deal site. This is, in many ways, a familiar story. An ideas man builds up a business, takes it public, and then…

“Some kind of infrastructure is needed,” says James Abruzzo, co-founder of the Institute for Ethical Leadership at Rutgers Business School. “And clearly that was the case here."

TAGS: Ethics James Abruzzo

Bedminster schools chief may have plagiarized another letter to district

Monday, January 14, 2013
Bedminster, NJ

BEDMINSTER — The school district's website was changed early Friday morning to edit a letter from Superintendent Carolyn R. Koos that, until then, appeared to be plagiarized from another school system.

According to Standard Five of the New Jersey Standards for Teachers and School Leaders, "School administrators shall be educational leaders who promote the success of all students by acting with integrity, fairness and in an ethical manner."

"Plagiarizing is not acting with integrity, and it certainly isn't ethical," Ann Buchholtz, a professor of Leadership and Ethics and director of the Institute for Ethical Leadership at the Rutgers Business School, told last week.

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TAGS: Ann Buchholtz Ethics Plagiarism

Profiting From A Cause

Thursday, September 6, 2012
Newark, NJ

It's a nice premise: Buy stuff to help those in need. Companies using this model are profiting off people wanting to "do good." Is there anything wrong with that?

Watch Professor Jeffrey Robinson discuss this with the Huffington Post.

TAGS: Ethics Jeffrey Robinson Video

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