It is reported in the NewYork Times that at Columbia Business School, all students must pledge to an Honour Code to the effect that "As a lifelong member of the CBS community, I adhere to the principles of truth, integrity and respect. I will not lie, cheat, steal or tolerate those who do".
The newspaper also reveals that graduates of Harvard Business School have started voluntarily signing the "M.B.A.Oath" that promises that Harvard M.B.A.s will act responsibly, ethically and refrain from advancing their own narrow ambitions at the expense of others.
Very good, isn't it? It is a pity that business graduates have in the recent past become so unscrupulous that it requires a pledge or an oath to remind them the basic requirement of ethical behaviour and truthful conduct.
Will solemn pledges really impact behaviour? Will violation of the oath attract any action from the business schools? It is worth noting that no business school has taken /been able to take any action against its deviant alumni so far.
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Don't expect MBAs to be greedless for long. When the economy revives (ofcourse not due to MBAs), their greed will be back with a vengeance.
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