Tag Archives: ethics

All Data is Wrong, Some is Useful

Posted on September 22, 2015 by John Hunter

From my first blog post on this blog – Dangers of Forgetting the Proxy Nature of Data we often fail to explore whether changes in the numbers (which we call results) are representative of the “true results” of the system or if the data is misleading. Data is meant to provide us insight into a more complex reality. We need to understand the limitations when we look at “results” and understand data isn’t really the results but a representation we … Continue reading →

Posted in Data, Management | Tagged curiouscat, Data, ethics, green, leadership, Statistics | 2 Comments

Kleptocrat CEOs and Their Apologists

Posted on March 10, 2014 by John Hunter

I am disgusted by the lack of ethical and moral fiber of many CEOs of the largest corporations (along with their cronies and apologists) in the USA. This lack comes out in many ways (see all the scandals at the too-big-to-fail banks etc.) but the problem I am upset about now is the increasingly commonplace kleptocrat behavior. CEOs, and their cronies, were well paid decades ago. As their greed about their pay got to be unethical Peter Drucker started to … Continue reading →

Posted in Economics, Investing, Psychology | Tagged business, commentary, ethics, executive pay, Investing, overpaid executives, respect for people | 2 Comments

Corporate Social Responsibility

Posted on July 26, 2012 by John Hunter

This month Paul Borawski (CEO of ASQ) has asked the ASQ Influential Voices to share their thoughts on the Intersection of Quality and Social Responsibility. An understanding of system thinking allows people to see the relationships of connected elements in a system. As you gain the insight provided by such knowledge, the ignorance of connections seems odd. It is hard to have an appreciation for systems thinking and not appreciate the fundamental interconnection between people, corporations and society. Respect for … Continue reading →

Posted in Respect, Systems thinking | Tagged ASQ Influential Voices, ethics, society, Systems thinking | 1 Comment

Massively Unjust Executive Compensation Damages Companies and Investments

Posted on March 13, 2012 by John Hunter

For years I have believed the massively unjust executive compensation packages have been doing great harm to American businesses. As an investor, one of the big risks that has to be evaluated is how much of the business profits executives will divert to their personal bank accounts. And investors also have to worry about the risks executives take to reach huge incentives which then greatly damage your investment. In 2007, I added two of my own deadly diseases to Dr. … Continue reading →

Posted in Deming, Management, Respect | Tagged bonus, Deming, ethics, executive pay, incentives, Investing, motivation, overpaid executives, respect for people | 4 Comments

Taking What You Don’t Deserve, CEO Style

Posted on December 8, 2011 by John Hunter

The excesses to which CEO’s and their board buddies go to in taking from corporate treasuries what they don’t deserve continues to amaze me. The level to which the bad behavior is accepted is apparent in the lack of progress at dealing with those that are taking what they have no moral right to. As shouldn’t have to be explained (but maybe does) leadership isn’t about avoiding being indicted. The levels to which these people take from the organization they … Continue reading →

Posted in Deming, Economics, Investing, Management, Psychology, Respect | Tagged Deming, ethics, executive pay, leadership, management, overpaid executives | 5 Comments

Worth Does Not Equal Wealth

Posted on November 11, 2010 by John Hunter

Warren Buffet often says he happens to be very good at something that is very financially rewarding – effectively allocating capital. He says this while making the point that plenty of other people are exceptionally gifted in ways that are not as financially rewarding (teachers, grandparents, nurses, Peace Corps assignment…) but are important to society. He understands that his worth as a person is not tied to this bank account. It might be one reason he and Bill Gates have … Continue reading →

Posted in Psychology, Respect | Tagged charity, commentary, control chart, Economics, ethics, Psychology, respect for people

Kiva – Giving Entrepreneurs an Opportunity to Succeed

Posted on April 3, 2010 by John Hunter

I really like Kiva. Kiva lets you lend small amounts of money to entrepreneurs around the world. My latest loan is to a manufacturing entrepreneur in the USA. When Tony’s 6’0 6″ body could not fit in the traditional supercars, he built his own in 1990. Tony says, “If one door closes I just look for another opening; I don’t give up.” With much patience and hard work he continues to expand his business and hopes to make it a … Continue reading →

Posted in Economics, Fun, Investing, Respect, Systems thinking | Tagged Creativity, curiouscat, Economics, ethics, Investing, John Hunter, respect for people | 2 Comments

No More Executive Bonuses!

Posted on November 30, 2009 by John Hunter

Henry Mintzberg, wrote an excellent article for the Wall Street Journal today, No More Executive Bonuses! Don’t pay any bonuses. Nothing. This may sound extreme. But when you look at the way the compensation game is played – and the assumptions that are made by those who want to reform it – you can come to no other conclusion. The system simply can’t be fixed. Executive bonuses – especially in the form of stock and option grants—represent the most prominent … Continue reading →

Posted in Deming, Management, Performance Appraisal | Tagged bonus, commentary, ethics, executive pay, leadership, management, overpaid executives, respect for people | 5 Comments

Why Congress Won’t Investigate Wall Street

Posted on April 30, 2009 by John Hunter

Why Congress Won’t Investigate Wall Street The famous Pecora Commission of 1933 and 1934 was one of the most successful congressional investigations of all time, an instance when oversight worked exactly as it should. The subject was the massively corrupt investment practices of the 1920s. In the course of its investigation, the Senate Banking Committee, which brought on as its counsel a former New York assistant district attorney named Ferdinand Pecora, heard testimony from the lords of finance that cemented … Continue reading →

Posted in Economics, Systems thinking | Tagged Economics, ethics, government, Public Sector, regulation | 2 Comments

Building a Great Workforce

Posted on April 13, 2009 by John Hunter

How P&G Finds and Keeps a Prized Workforce by Roger O. Crockett “We actually recruit for values,” says Chief Operating Officer Robert McDonald. “If you are not inspired to improve lives, this isn’t the company you want to work for.” … The P&G strategy starts on college campuses. The Cincinnati company dispatches line managers rather than human resource staffers to do much of its recruiting. … For the few who get hired, their work life becomes a career-long development process. … Continue reading →

Posted in Career, Customer focus, Deming, Innovation, Lean thinking, Management, Management Articles, Psychology, Systems thinking | Tagged Career, coaching, Customer focus, ethics, Innovation, management, respect for people | 1 Comment

Another Year of CEO’s Taking Hugely Excessive Pay

Posted on April 6, 2009 by John Hunter

I continue to do my part to publicize the abusive CEO pay packages that the current crop of unethical CEO’s, and those sitting on corporate boards have supported (Tilting at Ludicrous CEO Pay 2008 – 2007 post on CEO pay abuses). It does seem there is more anger now at the looting these corrupt CEOs have engaged in; though far too many people seem to think the corruption is some isolated few CEO’s. The widespread failure of ethical standards by … Continue reading →

Posted in Economics, Management, Management Articles | Tagged bonus, commentary, economic data, ethics, executive pay, Investing, leadership, overpaid executives | 6 Comments

Community Banks Ask Why They Must Pay for Wall Street Greed

Posted on March 7, 2009 by John Hunter

Minnesota Bank Asks Why It Pays for Wall Street Greed TCF is among more than 8,300 banks and lenders insured by the FDIC facing increased fees and a one-time “emergency” charge designed to raise $27 billion this year for the agency’s depleted coffers. … Community banks rely more on deposit funding, so they suffer a “much heavier burden” as a result of deposit insurance proportionate to size than peers such as New York-based Citigroup Inc. and Wells Fargo & Co., … Continue reading →

Posted in Economics | Tagged commentary, economy, ethics, government, John Hunter | 1 Comment

Looting: Bankruptcy for Profit

Posted on December 19, 2008 by John Hunter

Looting: The Economic Underworld of Bankruptcy for Profit by George Akerlof, University of California, Berkeley; National Bureau of Economic Research (NBER) and Paul Romer, Stanford Graduate School of Business; National Bureau of Economic Research (NBER). George Akerlof was awarded the 2001 Nobel prize for economics. This is the abstract to their 1994 paper: During the 1980s, a number of unusual financial crises occurred. In Chile, for example, the financial sector collapsed, leaving the government with responsibility for extensive foreign debts. … Continue reading →

Posted in Deming, Economics, Management, Systems thinking | Tagged Economics, ethics, executive pay, overpaid executives | 7 Comments

How Private Equity Strangled Mervyns

Posted on December 12, 2008 by John Hunter

I do not like the actions of many in “private equity.” I am a big fan of capitalism. I just object to those that unjustly take from the other stakeholders involved. It is not the specific facts of this case, that I see as important, but the thinking behind these types of actions. Which specific actions are to blame for this bankruptcy is not my point. I detest that financial gimmicks by “private capital” that ruin companies. Those gimmicks that … Continue reading →

Posted in Deming, Management, Respect, Systems thinking | Tagged ethics, management, Respect, short term thinking, Systems thinking

CEOs Plundering Corporate Coffers

Posted on October 22, 2008 by John Hunter

Pointy haired bosses broke the code they provided on their site for embedding a Dilbert comic, so I removed the broken code. Dogbert: “I am stepping down as CEO so I can spend more time with the money I stole from this hellhole.” Unfortunately we still have far too few people that see the obscene behavior of CEOs and their brooks brother bureaucrats as unacceptable. The behavior of many of them has been similar to that of dictators looting the … Continue reading →

Posted in Management, Respect, Systems thinking | Tagged commentary, ethics, executive pay, Management, overpaid executives | 17 Comments

Businesses Tell the IRS They Are Not American but Executives Stay in USA

Posted on June 4, 2008 by John Hunter

I have previously written about the ethically challenged companies that claim they are not American to avoid paying the taxes that they owe. For some reason the executives, often seem to stay in the USA though? It is sad that such behavior is tolerated. 10 Big Businesses That Have Moved Their Headquarters Abroad to Pay Less U.S. Taxes [the broken link was removed] Halliburton: Houston-based Halliburton, which offers a broad array of oil-field technologies and services to upstream oil and … Continue reading →

Posted in Economics | Tagged commentary, Economics, ethics, government, usability | 3 Comments