Greed Is Not Good

In the wake of the recession and what many hope is the end of the greed era on Wall Street, many of the new crop of future business leaders graduating from the Harvard Business School next week, “will be taking a new oath that says, in effect, greed is not good.”

Nearly 20 percent of the graduating class have signed “The M.B.A. Oath,” a voluntary student-led pledge that the goal of a business manager is to “serve the greater good.” It promises that Harvard M.B.A.’s will act responsibly, ethically and refrain from advancing their “own narrow ambitions” at the expense of others.

Good on them…   We need more ethics and less greed.

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About Pamela Leavey

Pamela Leavey is the Editor in Chief, Owner/Publisher of The Democratic Daily as well as a freelance writer and photographer. Pamela holds a certificate in Contemporary Communications from UMass Lowell, a Journalism Certificate from UMass Amherst and a B.A. in Creative Writing and Digital Age Communications from UMass Amherst UWW.
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One Response to Greed Is Not Good

  1. Max says:

    Thanks for your support Pamela. I am one of the student organizers of the MBA Oath and I can speak for the team when I say we are grateful for thoughtful supporters. Our goal in creating the oath was really two-fold. We wanted make a difference in the lives of the students who take the oath. We also wanted to start a broader public conversation of the responsibility business leaders have to society. Your blog helps with the second. We recognize there is a lot of work to do and we don’t have the answers. I wonder if your readers have suggestions for making the oath stronger or other ideas to further professionalize management.