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Episode 30 Why They Do It: Inside the Mind of a White Collar Criminal – A Discussion With Author Eugene Soltes What drives an individual to commit white-collar crimes? Eugene Soltes, professor of business administration at Harvard Business School and author of Why They Do It: Inside the Mind of a White Collar Criminal, joins host Matt Adams to dig into this topic from a social science and historical perspective. The episode takes a look at how white-collar crime has been perceived over the last century in the United States – from an inherent element of capitalism to today's highly regulated environment. Eugene and Matt also discuss why individuals become involved in such schemes and what role technology plays in giving the illusion that it's a victimless crime. You'll learn more about Eugene's research for his book as well as his latest studies into how businesses can use data analytics to detect, prevent and respond to reputational and regulatory threats.
Against the Rules with Michael Lewis: The Trial of Sam Bankman-Fried
Why do people commit white-collar crimes? And how has the way we think about — and prosecute — white-collar criminals changed over time? As part of the background research for his next book, which is about Sam Bankman-Fried and FTX, Michael Lewis wants the historical view of financial fraudsters, embezzlers and Ponzi schemers. So he speaks with Eugene Soltes, professor at the Harvard Business School and author of Why They Do It: Inside the Mind of the White-Collar Criminal. If you have a question for Michael Lewis about his writing process, head to atrpodcast.com.See omnystudio.com/listener for privacy information.
What are the different types of failure? Which can (and can’t) we come back from? And what does it take to turn failure into a comeback story?The second episode of “4B with Margit” explores failure and comebacks with Suneel Gupta, once a poster child for failure, featured in the New York Times and on the keynote stage of FailCon, whose new book Backable is a study in turning failure into success. Also joining the conversation is Eugene Soltes, Harvard Business School professor and author of Why They Do It: Inside the Mind of the White-Collar Criminal; Ash Spiegelberg, a partner at the Brunswick Group specializing corporate reputation and crisis management; and Carlye Adler, the Silicon Valley ghostwriter who helped Suneel with Backable.“4B with Margit” is a Clubhouse show for raw and unfiltered advice from comms and marketing experts who have seen it all, as well as insider stories from the builders and pioneers who were in the trenches. Think “Scandal” meets “Halt and Catch Fire.” Catch it live Wednesdays 4-5 PST.
Our next guest on The BIS is Eugene Soltes, Harvard professor and author of "Why They Do It: Inside the Mind of a White Collar Criminal". Eugene sits down with Cindy Moehring in this episode to discuss his experience interviewing over 50 white-collar criminals including Bernie Madoff. Eugene and Cindy also talk about what the future of business ethics education might entail for students.
Fictional 1980s corporate raider Gordon Gekko famously proclaimed that “Greed is good,” seeking to justify why one of the seven deadly sins is, in fact, ethically virtuous. Leaders should think deeply about the ethical dimensions of their actions. However, too many fail to recognize the moral complexity inherent in their decisions. As one guest argues, “Just like some people are tone-deaf, and they can’t carry a tune, some are ethics-deaf.” This is the second part of our two-episode conversation about why it’s so hard to be an ethical leader. Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us again to discuss: - Avoiding zero-sum ethical trade-offs - The ethics of price gouging and lying - Why some people justify their actions even as ethical failures escalate - Ethical decision making in an era of advanced technologies - Humility and the relationship between ethics and effectiveness Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Fictional 1980s corporate raider Gordon Gekko famously proclaimed that “Greed is good,” seeking to justify why one of the seven deadly sins is, in fact, ethically virtuous. Leaders should think deeply about the ethical dimensions of their actions. However, too many fail to recognize the moral complexity inherent in their decisions. As one guest argues, “Just like some people are tone-deaf, and they can’t carry a tune, some are ethics-deaf.” This is the second part of our two-episode conversation about why it’s so hard to be an ethical leader. Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us again to discuss: - Avoiding zero-sum ethical trade-offs - The ethics of price gouging and lying - Why some people justify their actions even as ethical failures escalate - Ethical decision making in an era of advanced technologies - Humility and the relationship between ethics and effectiveness Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Fictional 1980s corporate raider Gordon Gekko famously proclaimed that “Greed is good,” seeking to justify why one of the seven deadly sins is, in fact, ethically virtuous. Leaders should think deeply about the ethical dimensions of their actions. However, too many fail to recognize the moral complexity inherent in their decisions. As one guest argues, “Just like some people are tone-deaf, and they can’t carry a tune, some are ethics-deaf.” This is the second part of our two-episode conversation about why it’s so hard to be an ethical leader. Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us again to discuss: - Avoiding zero-sum ethical trade-offs - The ethics of price gouging and lying - Why some people justify their actions even as ethical failures escalate - Ethical decision making in an era of advanced technologies - Humility and the relationship between ethics and effectiveness Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Warren Buffett has described integrity as “a reputational advantage that others will weigh in subsequent dealings.” His partner, Charlie Munger, agrees, noting that “You’ll make more money in the end with good ethics than bad.” So, why are many leaders often tempted to take ethical short-cuts—or worse? This is the first part of our two-episode conversation in which we explore why it’s so hard to be an ethical leader. In this episode, Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us to discuss: - Why it’s hard to define ethics—and why some people will break their ethical code before they break the law - Ethical failures, including blind spots, ethical fading, and language euphemisms - How success can impair a leader’s view of ethical behavior - Working rules: the difference between formal and informal language, codes, and policies Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Warren Buffett has described integrity as “a reputational advantage that others will weigh in subsequent dealings.” His partner, Charlie Munger, agrees, noting that “You’ll make more money in the end with good ethics than bad.” So, why are many leaders often tempted to take ethical short-cuts—or worse? This is the first part of our two-episode conversation in which we explore why it’s so hard to be an ethical leader. In this episode, Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us to discuss: - Why it’s hard to define ethics—and why some people will break their ethical code before they break the law - Ethical failures, including blind spots, ethical fading, and language euphemisms - How success can impair a leader’s view of ethical behavior - Working rules: the difference between formal and informal language, codes, and policies Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Warren Buffett has described integrity as “a reputational advantage that others will weigh in subsequent dealings.” His partner, Charlie Munger, agrees, noting that “You’ll make more money in the end with good ethics than bad.” So, why are many leaders often tempted to take ethical short-cuts—or worse? This is the first part of our two-episode conversation in which we explore why it’s so hard to be an ethical leader. In this episode, Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us to discuss: - Why it’s hard to define ethics—and why some people will break their ethical code before they break the law - Ethical failures, including blind spots, ethical fading, and language euphemisms - How success can impair a leader’s view of ethical behavior - Working rules: the difference between formal and informal language, codes, and policies Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Youngme Moon interviews Eugene Soltes, who talks about "Why They Do It: Inside the Mind of the White Collar Criminal." Among other things, Eugene discusses his unique relationship with Bernie Madoff, the motivations behind white collar crime, how firms can prevent such crimes from occurring, and his most memorable conversations with criminals he has interviewed. Eugene also shares an After Hours recommendation.
Kelly and Tim take this week's episode on the road. This special edition of NOTHING BUT THE TRUTH was recorded at the Harvard Kennedy School’s screening of the award-winning documentary ALL THE QUEEN’S HORSES. Featured guests include Professor Eugene Soltes- Jakurski Family Associate Professor of Business Administration and author of Why They Do It: Inside the Mind of the White Collar Criminal, Gordon Quinn-Artistic Director and founding member of Kartemquin Films and Executive Producer of ALL THE QUEEN’S HORSES and co-host, professor and the film’s director Kelly Richmond Pope. Take a listen to some intriguing questions often asked after people have learned how one person can steal $53 million without anyone noticing.
Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law."
Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
(Bloomberg) -- Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
(Bloomberg) -- Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law."
Eugene Soltes is an author and finance professor at Harvard Business School. Over the past eight years, give or take, he’s spent a lot of time with many big-time executives and professionals who have been convicted of major financial crimes, such as; cooking the books, fraud, Ponzi schemes, and insider trading. What initially began as nothing other than self-interest has materialized into a 464-page hardcover book, which was released in October this year (2016). The book is titled, Why They Do It: Inside the Mind of the White-Collar Criminal. Intrigued by the subject matter, I invited Eugene onto the podcast and we got talking about; how Bernie Madoff became the mastermind behind the biggest fraudulent scheme in US history—sucking billions of dollars from unsuspecting investors, some of the notorious insider trading cases, and ultimately, why they do it.
(Bloomberg) -- Why do corporate executives who already have wealth and status, commit financial crimes? A new book "Why They Do It: Inside the Mind of the White Collar Criminal," explores what turns corporate executives into corporate criminals. It's based on interviews with close to 50 well-known white collar criminals from Bernie Madoff to Dennis Kozlowski. The author, Eugene Soltes, a professor at Harvard Business School, spoke with Bloomberg's June Grasso on Bloomberg Radio's "Bloomberg Law."u0010u0010Bloomberg Law with June Grasso. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
(Bloomberg) -- Why do corporate executives who already have wealth and status, commit financial crimes? A new book "Why They Do It: Inside the Mind of the White Collar Criminal," explores what turns corporate executives into corporate criminals. It's based on interviews with close to 50 well-known white collar criminals from Bernie Madoff to Dennis Kozlowski. The author, Eugene Soltes, a professor at Harvard Business School, spoke with Bloomberg's June Grasso on Bloomberg Radio's "Bloomberg Law."u0010u0010Bloomberg Law with June Grasso.