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Lecture Topics |
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Work Environment and Ethics |
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| A company’s work environment, culture, values and ethical standards provide parameters under which business will be conducted. These all influence decision-making within the company. What happens when there are relaxed policies concerning ethics, loose internal controls and aggressive financial goals? The answer is often tragic and not surprising.
White-collar crime is a failure of an individual, but it is also a failure of management, the culture and the company. In this way, we are all responsible for an ethical work place as we adhere to our corporate policies and constantly search for means of improving them. Walt Pavlo, while taking full responsibility for his own actions, discusses his experience and analyzes the environmental conditions of his company at the time of his crime. |
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| I am here today to tell you about an aggressive business environment and the poor decisions I made in those conditions. However, by no means is this an excuse for what I have done. The justice system did not allow me to make any excuses, nor will I make any here. I also, realize that many of you may have been victims of my crime and as victims you deserve to hear that I am sorry for what I have done and I do deeply regret my actions. Second, as victims you deserve to know that I was punished for my crime and have paid a significant price through incarceration, financial losses, and strained personal relationships. Thirdly, you all should know that I am a better person and have learned from my mistakes. I took a great deal of time to reflect on what I did, why I did it and how to avoid such actions in the future. Lastly, I want everyone to know that I have found a way to give back through speaking openly about my experience. My hope is that I can put you in my situation so that you can learn...without the consequences. Walt Pavlo Lecture at the Columbia School of Business, 2004 |
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