The report of the Spanish Economic and Social Council (CES) 2011, presented a few days ago, stated that Spain is among the countries registering the highest increases in population at risk of poverty and social exclusion, having gone from 23.4% in 2009 to 25.5% in 2010 (latest data published). In presenting the report the president of […]
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Toward a holistic understanding of economic activity
In mid-2009, when the current crisis had already been unfolding for some time, Benedict XVI wrote: “The different aspects of the crisis, its solutions, and any new development that the future may bring, are increasingly interconnected, they imply one another, they require new efforts of holistic understanding and a new humanistic synthesis.” This quotation comes […]
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Universal Ethics for a Global World
The 17th IESE International Symposium “Ethics, Business and Society” has given a forum for discussion over the possibility of a universal ethics and a common morality amidst cultural diversity and in a globalized world. Almost 100 specialists from some 20 countries presented analyses and proposals which were discussed, and through the inputs of all, produced […]
A Goldman Sachs executive leaves the firm in a stand against its culture
On March 14th, 2012, in the opinion section of The New York Times, there appeared an article by Greg Smith, a midlevel executive at Goldman Sachs (GS). He announced that in rejection of the current GS culture, which he qualified as “toxic and destructive”, he had just resigned. This was quite different to what he had found on being hired 12 years previously. This requires a ethical analysis
