I read this amazing post by Steve Dubner on the racket that the pharmacies are running to rob old retirees... Price discrimination is obviously nothing new to us, but in this case, this is all out taking advantage of the fact that certain people are not capable of comparing prices in the market (out of habit, or old age).
After I read this post, I had a weird feeling. Of course, in business school we are taught to sell our souls to the devil and only think about the bottom line. But when do you add Ethics to Economics? Citanna clearly believed that the only responsibility you have in a business to your shareholders, and everyone else can go take a hike. Do you agree? Where do y'all draw the line? Who would you not feel comfortable robbing?
4 comments:
That's when your own conviction has to come out. What is important for you is to do what you really believe is good. If not you will become schizophrenic and as consequence really unhappy. An MBA is a unique occasion you have to step back, introspect yourself and imagine what is your passion, you believe whatever are those of your family, your friends, your colleagues. I would recommend you to read and comment the article on leadership. To give you an example I had a long conversation with a Rumanian exchange student ( he came from NYU I believe )last quarter and he decided to leave the banking industry for the wind industry although he went through interviews....You can still change and do what you really want. Believe in yourself.
I would be comfortable doing a hold up job on Citanna even if he were 60.
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