Author Archives: mmjdiary

About mmjdiary

Professor Marianne Jennings is an emeritus professor of legal and ethical studies from the W.P. Carey School of Business at Arizona State University, retiring in 2011 after 35 years of teaching undergraduate and graduate courses in ethics and the legal environment of business. During her tenure at ASU, she served as director of the Joan and David Lincoln Center for Applied Ethics from 1995-1999. In 2006, she was appointed faculty director for the W.P. Carey Executive MBA Program. She has done consulting work for businesses and professional groups including AICPA, Boeing, Dial Corporation, Edward Jones, Mattel, Motorola, CFA Institute, Southern California Edison, the Institute of Internal Auditors, AIMR, DuPont, AES, Blue Cross Blue Shield, Motorola, Hy-Vee Foods, IBM, Bell Helicopter, Amgen, Raytheon, and VIAD. The sixth edition of her textbook, Case Studies in Business Ethics, was published in February 2011. The ninth edition of her textbook, Business: lts Legal, Ethical and Global Environment was published in January 2011. The 23rd edition of her book, Business Law: Principles and Cases, will be published in January 2013. The tenth edition of her book, Real Estate Law, will also be published in January 2013. Her book, A Business Tale: A Story of Ethics, Choices, Success, and a Very Large Rabbit, a fable about business ethics, was chosen by Library Journal in 2004 as its business book of the year. A Business Tale was also a finalist for two other literary awards for 2004. In 2000 her book on corporate governance was published by the New York Times MBA Pocket Series. Her book on long-term success, Building a Business Through Good Times and Bad: Lessons from Fifteen Companies, Each With a Century of Dividends, was published in October 2002 and has been used by Booz, Allen, Hamilton for its work on business longevity. Her latest book, The Seven Signs of Ethical Collapse was published by St. Martin’s Press in July 2006 and has been a finalist for two book awards. Her weekly columns are syndicated around the country, and her work has appeared in the Wall Street Journal, the Chicago Tribune, the New York Times, Washington Post, and the Reader's Digest. A collection of her essays, Nobody Fixes Real Carrot Sticks Anymore, first published in 1994 is still being published. She has been a commentator on business issues on All Things Considered for National Public Radio. She has served on four boards of directors, including Arizona Public Service (1987-2000), Zealous Capital Corporation, and the Center for Children with Chronic Illness and Disability at the University of Minnesota. She was appointed to the board of advisors for the Institute of Nuclear Power Operators in 2004 and served on the board of trustees for Think Arizona, a public policy think tank. She has appeared on CNBC, CBS This Morning, the Today Show, and CBS Evening News. In 2010 she was named one of the Top 100 Thought Leaders in Business Ethics by Trust Across America. Her books have been translated into four different languages. She received the British Emerald award for authoring one of their top 50 articles in management publications, chosen from over 15,000 articles. Personal: Married since 1976 to Terry H. Jennings, Maricopa County Attorney’s Office Deputy County Attorney; five children: Sarah, Sam, and John, and the late Claire and Hannah Jennings.

“[I] got caught in the cross hairs between a very politically ambitious prosecutor [and] a judicial system of juries that don’t really understand sophisticated financial crimes.”

Rajat K. Gupta,former Goldman Sachs director, former McKinsey consultant, who was convicted of insider trading for tipping off Raj Rajaratnam (Galleon) about Warren Buffett’s critical $5 billion infusion into Goldman in 2008. Mr. Gupta served a two-year prison sentence, and … Continue reading

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“They think because they’re doing something disruptive, the regulations that apply to other companies don’t apply to them.”

Michael Hansen on Silicon Valley start-ups. Think Uber, Tesla, Turing, Theranos,Yahoo, Chipotle, and a host of new-idea companies. As noted in The Seven Signs of Ethical Collapse, the culture of innovation means that those within the firm think that the … Continue reading

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The World-Class Ophthalmologist Out as Med School Dean at USC

Dr. Carmen A. Puliafito was a heck of a dean at the USC medical school. Under his leadership, the school went up in the rankings and hauled in millions in donations. However, it seems there was some extracurricular activity on … Continue reading

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“In a time of universal deceit, telling the truth is a revolutionary act.”

Garrison Kellor, Writer’s Almanac

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High Schools Grades Are Way Up, and SAT Scores Keep Going Down

Currently, 47% of high school graduates have an “A” average. In 1998, that figure was 38.9%. Since 1998, the SAT average has dropped from 1026 to 1002 (scale of 1600 points). Brilliant students who can’t take a test? Grade inflation? … Continue reading

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A Baseline Knowledge About Religion Is Missing at the New York Times

On Sunday, July 16, 2017, New York Times reporter Philip Galanes, had his 1 1/2=page interview with Bill Maher and Fran Lebowitz published as a front-page feature in the Sunday Styles section (that is the section with the weddings, goofy … Continue reading

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That’ll Learn Him: Greek Statistician Will Stand Trial for Incorrect Deficit Numbers

Before the Greek debt crisis, the Greek government’s statistics agency, headed by Andreas Georgiou (yes, his name does end in IOU), manipulated the stats and made the Greek budget deficits smaller than the actually were. Under pressure from the EU, … Continue reading

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Mexico Misses Its Deadline on Its Anticorruption Program: The Best Laid Plans of Graft and Men

There were grandiose plans. A full anticorruption effort complete with anticorruption prosecutor, 18 judges to hear corruption cases, and all within one year. Here we are, one year later, and the deadline has come and gone. Lawmakers could not agree … Continue reading

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“If you hold a tiger by the tail, you have a difficult choice to make: Do you let go or not? It’s not a good thing to alienate any legislative leader.”

Richard Runes, a lobbyist for Glenwood Management, testifying in the corruption trial of Sheldon Silver. Mr. Rune also testified, “He was one of the three most powerful people in the state of New York, governmentally.” Mr. Runes had Glenwood retain … Continue reading

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Philadelphia District Attorney Pleads Guilty to Federal Corruption Charge

There’s headline you don’t want to see. R. Seth Williams was charged with providing official favors to two businesses in exchange for cash, Caribbean vacations, airline tickets, expensive furniture, a Burberry watch, a Burberry purse for his girlfriend and a … Continue reading

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“I’m a creep.”

Blog post by Dave McClure, founder and now former CEO of 500 Startups, a Silicon Valley incubator. The post was made after the company confirmed his resignation as CEO. Mr. McClure went on to explain that he made advances to … Continue reading

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“I looked right at him, and in my head I said, ‘That’s a snake’ — not knowing who he was.”

A potential juror during voir dire in the jury trial (for securities fraud) of Martin Shkreli. Other potential jurors, who were struck one-by-one, did not have much better, even after the judge reminded the potential jurors that the trial was … Continue reading

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“Marketplaces don’t work when people are cheating.”

Travis Kalanick, Founder and Former CEO, Uber. Hmmmm.

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Uber: The Gang That Can’t Shoot Straight

Uber was a Schumpeterian success. The creative destruction of the cab/Lincoln Town car transportation model. Independent contractors driving folks around in their own cars on their own schedules. Uber was hip, groovy, defiant, and the company the sophisticated opted to … Continue reading

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