THE ETHICS EXPERT A crisis of purpose
AIG, Lehman Brothers, Bear Stearns, and the entire mortgage industry. And now we have Goldman Sachs betting against itself, its clients, and its industry. Their financial wizardry made a profit out of failure. Legal? Yes. Ethical? I don’t think so. Who is to blame in these scenarios—the process or the players? The engine or
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the engineers? Capitalism is a slippery slope. After all, there’s a lot at stake. The temptations are real. The benefits are palpable. But can we really blame baseball for Barry Bond’s steroid use, or Wall Street for Bernie Madoff’s $65 billion Ponzi scheme? All systems are vulnerable to abuse. But in the end doesn’t it come down to individual choice? Isn’t it ultimately about
AL GINI
Professor of Business Ethics
someone deciding to do something wrong? I am convinced that business, more than any other human activity, tests our
moral mettle and reveals our character. Our present financial crisis is a wake-up call. We need to rethink how, and why, we do business. Profits cannot be the only goal. Capitalism exists to serve more than just itself. No business or business per- son can view themselves as disconnected from society. The larger goal of busi- ness must be to serve the human need for order, trust, security, and fulfillment.
Have a conundrum at work? Wondering how to handle a sticky business situation? Submit your questions to
EthicsExpert@luc.edu.
nron seems ages ago, doesn’t it? It’s not even a company anymore; it’s a Broadway musical. For the past few years we’ve endured a litany of corporate mismanagement, mischievousness, and misconduct. Think
New media, new quandaries
What responsibility do blog- gers have to cite their sources? Where does free speech intersect with cyber-bullying? The rise of digital media has posed these and many other ethical questions. In order to help answer them, the School of Communication is launching a new Center for Digital Ethics and Policy under the direc- tion of Adrienne Massanari, assistant professor of new and digital media. With the sup- port of a grant from Loyola’s Office of Research Services and another grant from the McCormick Foundation, the center will roll out a new Web site featuring Loyola professors and guests discussing and writ- ing about everything from digi- tal citizenship to news literacy to best practices for bloggers. Learn more at
LUC.edu/soc.
The sound of music
The William Ferris Chorale, formerly of Mt. Carmel, Illinois, are now the Artists-in-Resi- dence at Loyola. The chorale will host three concerts each year in Madonna della Strada Chapel and will allow Loyola’s music students to learn how a professional ensemble oper- ates. The chorale will provide discounted concert tickets to Loyola faculty, staff, stu- dents, and alumni. Learn more at
williamferrischorale.org.
The arts are alive at Cuneo Mansion
ART CLASSES
Taught by new artist-in-residence Stephen Titra, 6- and 10-session courses range from landscape painting to illustrated journaling. Private instruction (1 to 2 partici- pants) is available upon request.
CELEBRATE SUMMER WITH ABBA CONCERT
Don’t miss the last lawn concert of the summer: a salute to the Swedish supergroup at 6:30 p.m., August 11. Fun for all ages! $10 per person; free under 12.
To learn more, call 847.362.3042 or visit
cuneomansion.org. 1350 N. MILWAUKEE AVENUE • VERNON HILLS, IL 60 061
COMMUNITY THEATER
The Kirk Players, a nonprofit theatre company, performs “Dial M for Murder” four times a week Oct. 15–Nov. 25.
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