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Education Ethics Featured in Reports

Jun 9th, 2008 • Posted in: News

Disgraced South Korean businessman sentenced to give ethics lectures; ethics scandals make it tougher to get a student loan; executive gives $10 million for studies in corporate responsibility

VARIOUS DATELINES
Ethics and education were the subjects of several stories in the world press last week. Among them:

• A South Korean court has sentenced Chung Mong-koo, the former head of Hyundai Motors, to write articles and give lectures on business ethics, reports the Australian Broadcasting Corporation. Chung was found guilty of various counts involving accounting fraud and originally received a prison term, but the sentence was reduced on appeal to community service. Chung also will have to do some community work involving manual labor, reports the ABC.
• A Pennsylvania energy executive has donated $10 million for ethics education at the University of St. Thomas’s Opus College of Business in St. Paul, Minnesota, according to a report from the Minneapolis Star Tribune. Harvey Halloran, CEO of American Refining Group and Energy Unlimited, made the grant in support of work in corporate ethics and responsibility.
• Getting a college loan is a tough assignment, and a recent series of ethics scandals is part of the reason, reports the Wall Street Journal. Certain government subsidies for student loans were cut in half by Congress last fall after probes into lenders’ financial ties to schools, the paper notes.

Sources: Minneapolis Star Tribune, June 5 — Australian Broadcasting Corporation, June 5 — Wall Street Journal, June 4.

For more information, see: Related Newsline story, June 2 — Related Newsline story, May 5 — Related Newsline story, Apr. 28 — Related Newsline story, Mar. 31 — Related Newsline story, July 30, 2007.

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1. Ethics Newsline® » News » Education and Ethics Featured in Press Reports on September 15th, 2008 at 7:19 pm:

   [...] more information, see: Related Newsline story, June 9 — Related Newsline story, May 5 — Related Newsline story, Mar. 31 — [...]

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