Executives who downplay ethics and values in their decision making may also be the ones who prefer extraordinarily high salaries for themselves. By comparison, those executives who are more inclined to consider ethics and values in their decisions preferred more fair pay throughout their organizations.
Diane Swanson, associate professor of management and the von Waaden business administration professor at Kansas State University, said this is the most significant implication of her recent research.
In addition, Swanson said executives who are more likely to downplay values in decisions and prefer extraordinarily high salaries are also the ones who have received more business education. "This is yet more evidence of business education teaching greed and self-centeredness instead of service to community," Swanson said. "Business students should learn that business people not only serve themselves but society as well. Theyve got to have some community mindedness or well be stuck with even more ill-effects of corporate scandals in the future. "One reason these findings are important is that, in the midst of corporate scandals that have racked society and destroyed jobs and trust in business, executives are still paid astronomical salaries," Swanson said. "This should be questioned."
Diane Swanson | EurekAlert!
New measure for the wellbeing of populations could replace Human Development Index
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Joint Press Release from the BMBF and AWI
The Antarctic is a frigid continent south of the Antarctic Circle, where researchers are the only inhabitants. Despite the hostile conditions, here the Alfred...
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The phenomenon of so-called superlubricity is known, but so far the explanation at the atomic level has been missing: for example, how does extremely low friction occur in bearings? Researchers from the Fraunhofer Institutes IWM and IWS jointly deciphered a universal mechanism of superlubricity for certain diamond-like carbon layers in combination with organic lubricants. Based on this knowledge, it is now possible to formulate design rules for supra lubricating layer-lubricant combinations. The results are presented in an article in Nature Communications, volume 10.
One of the most important prerequisites for sustainable and environmentally friendly mobility is minimizing friction. Research and industry have been dedicated...
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