Business must use profits to serve legitimate public needs, Donald C. Platten, chairman of the New York Chemical Bank, said yesterday in a speech before the Business School's Finance Club.
Speaking to over 100 Business school students and faculty members, Platten stressed the need for business executives to establish "an atmosphere of belief in an ethical standard" among their employees, noting that many businessmen compromise personal ethics for corporate goals.
Platten said petty bribes to "expedite" business in foreign countries are justifiable, but bribes to win contracts are not.
Asked whether the Lance resignation would lead to stricter government control of lending practices, Platten said new laws were unnecessary because Lance's actions were covered by existing regulations.
A Broken LanceB ERT LANCE's resignation as director of the Office of Management of Budget was an unavoidable resolution of the controversy
Pork Barrels at Home and AbroadL ast Thursday, 29 nations agreed to outlaw the bribery of foreign officials. This is the most important anti-corruption initiative
NEWSPEAK"We have no explicit proof that bribes were taken because nobody is stupid enough to write a receipt for a
Fine Charges Smear Tactics In Republican Club ElectionsRandall A. Fine '96, accused earlier this week of bribing students in return for votes, said yesterday that he was
Crooked ProfessorA professor at the University of Maryland pleaded guilty late last month to a charge that he accepted bribes from