Jared Porter, the newly hired general manager for the Mets, was fired because Steven A. Cohen, the owner of the Mets, says that he “spoke about the importance of integrity and I meant it.” According to the New York Times, which struggles with accuracy in reporting in many areas, Mr. Porter sent 60 unsolicited text messages to a female baseball report in 2016. Some of the texts were “sexual in nature.”Kevin Draper and Davi Waldstein, “Mets Fire Recently Hired General Manager for Harassment,” New York Times, January 20, 2021, p. B7.
Do these folks read the papers, the Internet, or watch the news? How many times must we go through this? Keep your clothes on at work. Do not send photos of yourself without clothes. Do not send texts to folks who do not know you. When asked to stop texting, do so, and put your clothes back on and get back to work (if they will let you).
Mr. Cohen, a billionaire, ran a hedge fund, SAC Capital, where there was an entire conga line of insider trading charges and convictions against too many of the traders who worked for him. The firm entered a guilty plea but Mr. Cohen escaped the long arm of the SEC and shut down SAC.
However, a twist just 14 days ago provides an interesting paradox in the Cohen swift and decisive action in the name of integrity. A former female employee at another Cohen hedge fund has filed a discrimination complaint against him for the way he allegedly treated her at one of his hedge funds. According to her complaint, Mr. Cohen ridiculed her using derogatory terms and expletives, calling her “idiot,” “incompetent,”and “wrong about everything.” Matthew Goldstein, “Trader’s Complaint Portrays Different Side of Mets Owner,” New York Times, January 6, 2021, p. B12. She also alleges he told her, “I should fire you because you’re so stupid.” Mr. Cohen has denied the allegations. He is serious about that integrity issue. Call it a pot-and-kettle-moment.
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. MartinÃ¢â‚¬â„¢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 AttorneyÃ¢â‚¬â„¢s Office Deputy County Attorney; five children: Sarah, Sam, and John, and the late Claire and Hannah Jennings.