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...private morality, entirely up to you. But this way of thinking about integrity, the economic view, is a collective view. It's all about us. It underpins everything we do in the economy. [For] any transaction [to] succeed - whether you're buying or selling or borrowing or lending - you need to have this relationship of integrity and trust. And once you have that relationship you basically have an asset that produces economic value. (See 10 smarter ways to reach your retirement goals...
...wrongly believe that doing the right thing will prevent us from getting ahead. Where do you think that idea comes from? I think it comes from a short-term mentality. We've moved away from the long-term mentality of creating wealth to a slightly more short-term need for making money. There can be often a conflict between what I need to make money today and acting with integrity. Not really thinking, 'Gee, do I want to be here in 10, 20, 30 years' time?' can lead people to compromise on their integrity in pursuit of making money...
...suddenly nobody would want to do business with you. That long-term view is really critical. And then the last thing is the feedback. When we put in place rules from government, new laws, regulations, you just have no idea how it's really going work out. So you need a feedback system that actually allows you to judge, to monitor, to make changes, to be adaptable...
...Harvard’s recent advances toward greater faculty and non-faculty diversity, along with plans for future improvement. Her final announcement—that Harvard had hired Lisa M. Coleman as its first Chief Diversity Officer—merits our praise. Without the oversight the position provides, the need to ensure diversity may have fallen by the wayside. For the position to reach its full potential, University Hall should endow it with great responsibility...
...exchange, they're forced to adhere to a modicum of transparency that is absent from Russian politics. This is where Navalny comes in. Exploiting his status as a part owner, he harasses senior management with questions about how their actions may be affecting the bottom line. "All you need is one share to get into the room with these guys," Navalny says...