Ethics Pledge

Harvard MBAs took a ethics pledge today to uphold the integrity of financial markets. Huh ? CFAI should send them a copy of our CFA ethics. I think after reading a few pages they will reconsider taking the pledge.

Haha. It’s totally meaningless. Almost guaranteed that in 10 years when they are in ethical gray areas they will convince themselves that their actions are “right”. Everyone intends to do the right thing when it’s academic, and they aren’t faced with real economic incentives to maybe do the less right thing. It’s kind of like during undergrad when everyone was socialist (or at least extremely liberal), and now five years out we’re all a little more realistic. HBS will produce plenty more Jeff Skillings.

and so will CFAI.