Professional Values & Ethics

Presented by The Fifth ElementChad Alexander, Sam Cohen, Suellen Lambert, Tatia Moore, Clint White

Introduction

• An Endless Debate

• What is right? What is wrong?

• The line almost indistinguishable

• how our ethics are formed?

• Why they are needed?

Introduction

• Interpretation & Application Impacts– Your own Livelihood– The Livelihood of Others

• The goal of this presentation– Define ethics– Application to career

Introduction

• The conclusion– Understand the Meaning of Ethics

– Realize its need in the workplace

TATIA MOORE

Defining Values & Ethics

Defining Values & Ethics

• Standards that Guide Conduct• Lead us to take position on social issues• Predispose Us to Favor – Political Ideology– Religious Ideology

• Guide How We Present Ourselves

Defining Values & Ethics

• Determine When– Judge– Praise– Blame

• Standards – Morality– Competency

Defining Values & Ethics

• Employed to Tell Us– Which Beliefs

– Which Attitudes

– Which Values

Defining Values & Ethics

• Employed to Tell Us– Which Actions of Others…• Worth Challenging• Worth Protesting • Worth Arguing

Defining Values & Ethics

• Employed to Tell Us– Which Actions of Others…• Worth Trying to Influence• Worth Trying to Change

SUELLEN LAMBERT

Sources of Professional Values & Ethics

The Holy Bible

• The Book of Proverbs

• Honesty, integrity, and respect

• Principle applicable to profession

The Oath of Hippocrates

• The Hippocratic Oath

• The oath of Doctors

• Protects patient confidentiality

• Based on ethics not on law

“Profit At Any Cost?”

• Four Basic Business Rules– Don’t Deceive

– Don’t Covet

– Don’t Steal

– Do Unto Others…

SAM COHEN & CLINT WHITE

Professional Values & Ethics: Impacting Success

Career Success Impact

Wall Street Financier• Successful Financial Investor

• Net Worth $1 Billion

• The Safest Hands on Wall Street

Bernard “Bernie” Madoff

Career Success Impact

Wall Street Wolf• Engineered Ponzi Scheme

• Largest Historical Investment Fraud

• Defrauded Thousands - $18 Billion

Bernard “Bernie” Madoff

Career Success Impact

Ponzi Scheme• Italian Swindler

• One of The Greatest– $15 Million– 8 months

• Inspired by a Book-Keeper– William Miller– $1 Million

Charles Ponzi

Career Success Impact

Charles Ponzi Bernie Madoff

Served 3 Years & Deported Serving 150 Years

Career Success Impact

Corporate Example• Celebrated as a Hero

• Putting People First

• Guided by the Talmud

• Responsibility to The Poor

CEO Aaron Feuerstein

Career Success Impact

Corporate Example• Winter 1995

• Three of Nine Facilities

• Completely Destroyed

Malden Mills Fire

Career Success Impact

Corporate Example• Advised to Rebuild Slow

• Do What’s Best…

• Consider Moving

• Cheaper Labor

Malden Mills Rebirth

Career Success Impact

Corporate Example• Jobs Will be Saved

• Spent $25 Million

• Keeping 3000 Employees– Full benefits– Six months

People First

Career Success Impact

Corporate Example• Feuerstein Left a Legacy

• Highly Sought After– Values– Ethics

Malden Mills Reborn

Summary

• Ethics & Values– Intended to Provide a Map– Correct Path

• Derived from Many Sources– Faith– Personal Values– Company Policies

Summary

• Sometimes there is Conflict• Many Compromise– Greater Good? – Personal Satisfaction?

• Back to The Debate– Appropriate Time to Disregard– Acceptable Time to Disregard

Questions???