The mission of the top ranked(#37 tied, U.S. News and World Report, 2017, #42 Bloomberg Businessweek, 2015) UT Dallas Jindal School full time MBA Program (FTMBA) is to develop cutting edge problem engineers who can think, plan and act strategically to solve complex business problems. My mission, as their speaker this last week was to instill the… [Read More]
Search Results for: Dan Ariely
Philosophy for Bankers…? How About Just Classes in Honesty and Ethics?
Several articles came across my desk this week. I found one especially intriguing, as it fits my frame of reference. It is a post by Ms. Yves Smith, commenting on an article “Can Philosophy Stop Bankers From Stealing?” by Lynn Parramore, a senior research analyst at the Institute for New Economic Thinking. Smith argues that the title might… [Read More]
Chicken Little was right – “the sky IS falling”!
Remember Chicken Little and her warning, the sky is falling? I sometimes feel like a Chicken Little, with my repeated warnings that the sky is indeed falling and here’s another example. Just last week I posted about my fellow Bank Whistlebowers United colleague Michael Winston’s interview with Gretchen Morgenson on the New York Times Facebook venue. I’m still… [Read More]
Silence is Deadly. Lessons Learned.
The audience was primarily internal auditors at my presentation this week at the 11th Annual Fraud Summit, held at the University of Texas at Dallas, where I teach, sponsored by the Institute of Internal Auditors, the Association of Certified Fraud Examiners, and Information Systems Audit and Control Association. I talked about fraud and how as… [Read More]
Is Fraud in the Eye of the Beholder? Andy Fastow Explains
I spoke recently to a Dallas Society of CPAS conference focusing on fraud, speaking on ethics and fraud and the financial crisis. However, the speaker after me addressed the audience on Rules vs. Principles, and his presentation is worthy of some discussion. He started his presentation by holding up two items, in his right hand a trophy… [Read More]
Really? A Badly Behaved Banker’s List?
There’s talk of a master list being created that would list Wall Street bankers who’ve run into ethical issues on the job. It could develop into a pretty long list. And then what next? Which other group would be targeted? Supposedly the purpose of this list would be to help companies avoid hiring the repeat… [Read More]
The Fudge Factor Strikes Again!
It’s been quite a week for the Fudge Factor as Dr. Dan Ariely professor of psychology and behavioral economics at Duke University labels “stretching the truth.” From major companies to politicians, recent news stories have pointed out more than a few potential incidents that illustrate Dr. Ariely’s work in the book he authored, The Honest… [Read More]
You Get What You Expect…
This last week I had the privilege of speaking to the Investment Management Consultants Association (IMCA), an organization with over 10,500 members. Established in 1985, the Association offers the premier investment consulting and wealth management credentials and educational conferences, research and publications that are considered the best in class. The Association offers certification in 28… [Read More]
Who Lies More: Politicians, Bankers, or You?
Have you lied today? This is the central question posed by the new independent film, (Dis)Honesty — The Truth About Lies, which recently aired in select theaters and film festivals, and is available on iTunes and CNBC. Directed by Yael Melamede, co-founder of SALTY Features, the documentary focuses on the work of Dan Ariely, Ph.D.,… [Read More]