Word: baumhart
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...50th anniversary reunion that begins this week includes an array of alumni from the naval training program, including the Rev. Raymond C. Baumhart, the president of Loyola University, and William Dearden, chair of the Hershey Foods Corporation. The mid-officer class also included two current U.S. Navy rear admirals, Edward Renfro and Bernie Browning...
...ousted directors: James Bere, chairman, Borg-Warner; the Rev. Raymond Baumhart, president, Loyola University of Chicago; William Johnson, chairman, 1C Industries; Jewel Lafontant, senior partner in the law firm of Vedder, Price, Kaufman & Kammholz; Robert Malott, chairman, FMC Corp.; Marvin Mitchell, former chairman, CBI Industries; Paul Rizzo, vice chairman, IBM; Thomas Roberts Jr., chairman, DeKalb AgResearch; Elaine Yarrington, former executive vice president, Standard Oil of Indiana. The resigning directors: Weston Christopherson, former chairman, Jewel Cos.; Vernon Loucks Jr., president, Baxter Travenol Laboratories...
When ethical questions were put to them, Father Baumhart reports in the current Harvard Business Review, an overwhelming majority of the executives gave proper answers for themselves but, when asked if they thought the other fellow would follow the same high standards, were profoundly skeptical...
...America," concluded Father Baumhart, "there is widespread acceptance among businessmen of the handful of general ethical principles which are the foundation of Judeo-Christian civilization. But between these general principles (such as 'Thou shalt not steal') and the concrete problems of the businessman (such as whether or not price-fixing is stealing from customers), a wide gap appears...
...Father Baumhart's advice to business men: "If you want to act ethically, find yourself an ethical boss...