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Her forthcoming book, Spiderweb Capitalism: How Global Elites Exploit Frontier Markets, explores the old Panama Papers and the behavior of large companies in emerging market economies.

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Her books and articles have been awarded over 18 prizes from several different professional associations. Next, Kimberly Kay Hoang is an associate professor of sociology and the director of global studies at the University of Chicago. His new book, What’s the Matter with Delaware?-don’t tell the president-it explores that state’s outsize role in the US corporate landscape. He was reporter and editor at the Financial Times from 2000 to 2012. He is the host of The Big Question, which is Booth’s video panel discussion series. He is the editor in chief of our Chicago Booth Review. First, we have Hal Weitzman, who is an adjunct associate professor of behavioral science at Chicago Booth. We have the privilege of listening to this discussion from some of Chicago’s esteemed professionals in their field who have explored this. How do they influence what is declared legal or illegal? What are the true ethics of corporations? How important is transparency? And things like that. The discussion will focus on the power of corporations and their influence over public policy. Tonight’s topic is entitled Corporations, Secrecy, and Ethics. Tonight, we have a virtual audience, a large one, turning in from around the world, and we are pleased to welcome a special group of alumni, students, and friends here, in person, at the Gleacher Center for the first time in two years. We bring together faculty to explore how the commonalities and differences between business and the humanities can lead us to a richer grasp of the economic human being.

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This event series is a collaboration between Chicago Booth and the Institute on the Formation of Knowledge. Thank you, everyone here in the audience and at home, for joining us for the spring 2022 Meeting of the Minds event. And now, Pythagoras is working at a consulting firm, dodging tax.”Īt the event-the first in person at Gleacher Center in two years-Hoang and Weitzman discussed unethical corporate behavior and how companies could be made to improve.Īustan Goolsbee: Good evening. In classical times, there were people like Pythagoras doing amazing things. “Many of our brightest people in our society spend their time finding ways for companies to dodge taxes,” Weitzman said. Hal Weitzman, adjunct associate professor of behavioral science at Booth and author of What’s the Matter with Delaware?: How the First State Has Favored the Rich, Powerful, and Criminal―and How It Costs Us All (2022), said that it’s no longer surprising that corporations hire some of the world’s smartest to find loopholes. She’s also the author of the forthcoming book Spiderweb Capitalism: How Global Elites Exploit Frontier Markets (2022). “The language that the participants in my book use was ‘legal but morally reprehensible,’” said Kimberly Kay Hoang, associate professor of sociology and the college and director of global studies at UChicago. Two panelists-authors of books that delve into the questions of ethics and legality-spoke of offshore deals, money moving in secret, and legal systems built for corporate desires. If something is legal, is it also ethical? Many ask this question when they hear about corporations that find legal loopholes and tax havens.Ĭhicago Booth hosted an event at Gleacher Center titled Corporations, Secrecy, and Ethics, the latest in the school’s A Meeting of the Minds series, cosponsored by the Institute on the Formation of Knowledge at the University of Chicago. Management Science and Operations ManagementĬontact Employer Relations and Corporate Relations MBA Master of Arts in Middle Eastern Studies MBA Master of Arts in International Relations MBA MA Eastern European Russian Eurasian Studies

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