Internet shopping precludes trying things on before purchasing. Free shipping has become the industry norm. As with any resource, “free” shipping leads to wasteful behavior. Customers order two or three sizes of a particular style, since they don’t pay directly for shipping. Retailers hope that maintaining customer goodwill will be beneficial.
Periodically, my wife will give me homework assignments. Not the “honey do” jobs around the house that most partners get—she knows I create more problems than I ever fix—but reading or writing chores, just like I give my students. Her most recent dictate was to read a 30-year-old article from the Harvard Business Review, “What’s the Matter with Business Ethics?” by Andrew Stark. Because business ethics is my home field, I decided to comply. My study of business ethics began in the mid-1990s, not long after the article was originally published, so it also served as a…
Federal judges rule on cases that can affect the profitability of particular companies and even whole industries. Imagine a judge handling a case with a large retailer. What would you think if this judge owned shares of stock in this large retailer and even bought or sold shares during the trial? You would be shocked and suspicious.
Recently, I have been reading about race relations in the USA. Caste by Isabel Wilkerson and The Sum of Us by Heather McGhee approach the topic from different angles, but both point out the fact that African Americans have suffered, in large part, as a result of our economic system. History, indeed, provides an egregious example of how US society has treated certain groups of people; but it is still seen in the putative mistreatment of workers in today’s economy, through the concepts of Striketober and The Great Resignation.
I have long wondered if businesses could somehow promote epiphanies among their employees—those sudden, seemingly unbidden flashes of insight that allow us see an issue from a different perspective or to solve a previously recalcitrant problem. That may seem like an unlikely preoccupation for a college professor, who is thought to gain knowledge through accretion—hard work, study, and persistence. Although we all hope for those “light bulb” moments, when we finally “get it” (and they do occur, albeit much less often than any of us would desire). Most of us experience…
Fall semester, 2021. First day of teaching. Three classes. Eighty-eight students. Seven masks. And one of them is mine. I am officially an “old guy,” more susceptible to the COVID virus than my decades-younger students. I have been vaccinated. I wear a mask when around other people. I have a one-year-old grandson who I am desperate to see as often as I can, even though he lives in North Carolina.
George Graham Rice? Never heard of him. Who is he? A century ago, though, he was a famous flamboyant scammer, a pied-piper of stock manipulation.
While incarcerated for the third or fourth time, he wrote a series of periodical articles that eventually coalesced into a book. As with other scammers, Rice was brazen, even boastful about his felonious escapades. He wryly entitled his book My Adventures with Your Money.
Most of my readers are familiar with small towns in Iowa that have longstanding family-owned businesses, such as family eateries. Grandparents, parents, and children may own and work in these restaurants. They often have loyal employees that are “part of the family.” These owners may be unable to afford to pay their workers much more than $10 per hour, to say nothing of the proposed $15 per hour minimum wage.
After months of dreary experimentation in her basement, Dr. von Frankenstein, PhD, has concocted an effective antidote and vaccine for a deadly virus sweeping the United States. She files and receives a patent for her discovery.
