Jaana Woiceshyn

The compensation of Chief Executive Officers of large American corporations is about 300 times more than that of the average employee. Such a big gap in pay is often criticized as immoral and is generally attributed to “greed” or to general unfairness of the “system.”...

Last week, an apparently disgruntled Goldman Sachs executive, Greg Smith, had his resignation letter published in the New York Times. In the letter, Mr. Smith accused Goldman Sachs for exploiting its clients in order to maximize profits. He wrote that the culture of...

Valid moral principles should never be compromised because they are the guidelines for achieving our long-term self-interest, such as a profitable business

Al Gore claims that capitalism “has turned many of the world’s largest economies into hotbeds of irresponsible short-term investment.” He argues that capitalism causes business people to focus on short-term profit maximization which, allegedly, prevents sufficient...

Once you grant that profit making is shameful and business should “give [profits] back to society,” there is no end of claimants for the business’ profits.