With globalization of world economies, business practices throughout the world are becoming more uniform. Business ethics, however, are globalizing at a much slower pace. The recent events related to Enron, WorldCom, K-Mart, Tyco, Global Crossing, Cutter and Buck, ImClone and other U.S. organizations have replayed memories from the 1970’s and 1980’s such as Bank of Boston, Ivan Boesky, Charles Keating, Guinness, Robert Maxwell, Toshiba and Deutshe Bank. This we know: near term, it is very likely that another U.S. technology company and another U.S. retailer will collapse as the result of the ethical misguidance of their executives and boards of directors. |