The Harvard MBA Oath

Harvard MBA students created an Oath and induced more than 4,000 people in 300 business schools to sign it.  It was a crock:  Each signers promises ” to act with utmost integrity…[and] will safeguard the interests of my shareholders, co-workers, customers and the society in which we operate.”  The problem is obvious.  How does the oath fit in with the shareholder primacy principle that shapes the fiduciary obligation of corporate managers in the United States?  The principle has legal sting and a strong ethical basis as well, all apparently unknown to Harvard students.  Well…. the drafters of this feel good nonsence have quietly changed the language to omit “co-workers” and “society,”  major changes and all unexplained.  Do Harvard students no longer care about society and workers?  I hear that the language has quietly “evolved.”  You bet, it was simplistic and embarrassing for Harvard students to be peddling in the first place and they have 4,000 sucker signers.

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