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Richard A. Castleberry
A Lecturer of Marketing and Management at the American University in Kosovo (Rochester Institute of Technology), Mr. Castleberry submitted this
article.
Excerpt:

Much to the chagrin of moralists, it is becoming commonplace to witness corporate leaders behaving in a manner that leads us to believe acting ethically while making a profit is a paradox. Present day leaders are so preoccupied with the goal of profit maximization for self-serving interests that they are not considering the implications their actions are having on all affected parties. The most pressing leadership issue of today is greed, and the neglect of obligations to stockholders, and all other pertinent stakeholders. Regrettably, there are plenty of topical instances to illustrate this, in addition to ample examples dating back over the past decade.

Read more…

Comments

2 Responses to “Greed Leaders not Good Leaders”

1. AUK Blog » Blog Archive » Richard A. Castleberry on September 3rd, 2009 3:40 am

   [...] To read the full article click on the following link http://www.bizethics.org/2009/08/greed-leaders-not-good-leaders/ [...]

2. John Galt on September 6th, 2011 4:59 am

   Hmmm, there are over 15,000 public-traded companies in the US alone. Why, the focus on the same 4-5 companies that had leadership problems?

   Question was Jack Welch a good leader? Before you answer, please note the underlying goal was to maximize long-term shareholder wealth (a derivative of the primitive term profit maximization). We know the answer….there are many more examples of good leaders that focused on what you refer to as “greed.” Keep in mind, who actually owns the corporation, who has their capital at risk…thus, who should be rewarded?

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