Panel I - Global Business Ethics

October 30, 2006
The Executive in Residence Centennial Series
October and November 2006


[Global Business Ethics panel]
Faculty moderator Joseph Pastore, Professor of Management and panel participants Herbert L. Henkel (left), MBA '79, Chairman, CEO, and President, Ingersoll-Rand Company; John J. O'Connor (second from right), Vice Chairman, PricewaterhouseCoopers; and Richard F. Zannino (right), MBA '84, CEO, Dow Jones

[Global Business Ethics panel]
Dr. Pastore leads the discussion on "Global Business Ethics."

[Global Business Ethics panel]
Lubin graduate and undergraduate students attended the event.

[Global Business Ethics panel]  

Lubin's Dean Joseph R. Bazcko welcomed the audience.



Balancing the output of the quarter and the outlook of the company in the long run and doing it the right way will ensure that you will be here 50 years from now ... You have to make tough calls when setting a global standard.

- Herbert L. Henkel, MBA '79, Chairman, CEO, and President, Ingersoll-Rand Company
  [Global Business Ethics panel]
[Global Business Ethics panel]   Heroes are those people who are willing to stand up....and do the right thing ... Lessons of Sarbanes Oxley....we focused on our culture, we needed to have a culture that was based on integrity and a set of values....to demonstrate that we were worthy of the public trust.

- John J. O'Connor, Vice Chairman, PricewaterhouseCoopers
Ethics start with the tone at the top ... We must have a series of rules that help people understand, across the world, what we mean by right and wrong....and you must communicate them.

- Richard F. Zannino, MBA '84, CEO, Dow Jones
  [Global Business Ethics panel]
[Global Business Ethics panel]   [Global Business Ethics panel]
[Global Business Ethics panel]  

Students had the opportunity to ask questions of the participants following the panel.



Professor Bruce Bachenheimer asked "How do you teach ethics?"

  [Global Business Ethics panel]
[Global Business Ethics panel]  

Students talking with Herb Henkel after the Q&A session.



Students talking with Rich Zannino during the reception.

  [Global Ethics]

Tough issues are not the right vs. wrong issues...they are the right vs. right issues.

- Joseph Pastore, Professor of Management, Lubin School of Business

Dean Joe Bazcko thanking the panelists and Dr. Pastore after the discussion.