Governing by Anger

Yesterday, President Obama indicated he would not support a bill forcing AIG executives to pay a special tax on their bonuses that was being spirited through Congress. His reason was that he did not want to govern by anger. Senators and representatives, having been embarassed by AIG's actions, were trying to "right the wrong" by doing an end run around ethics. Regardless of where you come down on whether AIG execs should have accepted bonuses, the legislature's attempt to take them back is an abuse of power and authority.

I hope that President Obama's stance will send a strong message for discussing the ethics of decision making in government.

Can the Stimulus Package Stimulate Our Ethics?

The biggest challenge facing President Obama and the Congress is not engaging the clutch that will put our economy into gear, but rather engaging the heart and spirit of Americans in putting the stimulus package to work.

Already we are hearing of behind-the-scenes maneuvering by individuals, companies and local governments to put themselves in position to take advantage of the various incentives to advance their own needs. Homeowners who are current with their mortgages are complaining that those who aren't are getting help. A local county has already figured out how to use stimulus money to pay itself back for something it did two years ago. Corporations are scrambling to reinvent themselves to grab up as many stimulus dollars as they can.

The drive to fulfill self-interests will surely outweigh the intentions of creating something for the greater good, unless we begin asking questions; and that is the stuff of ethics.

Does it serve the common good for me to apply for mortgage relief when I really don't need it?
Does it serve the common good for us to simply refill county coffers rather than create new opportunities for employment?
Does it serve the common good to jump from provision of one set of products and services to another just because there is money there?

I know I'm not smart enough to ask all the questions that need to be asked. And I know the questions I have asked are much more complicated than I have presented. But I am smart enough to know that unless we ask the questions and discuss the answers publicly, we will likely miss the very opportunities President Obama and the Congress are trying to create.

On Loyalty to Your Employer

We expect a lot from our employers. Fair wages, good benefits, opportunity for growth and development, and a satisfying work environment to name a few. Bur what is our obligation to our employer? What does employee loyalty look like? Caring about the product or service and not just the job. Sticking with the employer even in hard times. Resisting the temptation to job-hop for a few cents more per hour. Acting as an ambassador for the company’s line. Respecting the supervisors and co-workers. Treating the place as we would our own homes. Being good stewards of company property and equipment. Repeat this: Starting with me, loyalty in the workplace will work both ways. I will be supportive of my employer and my fellow employees. For more tips and information, visit www.swimstartingwithme.com.

On Supporting the “Sin Industries”

There’s a lot of debate in the investment community about supporting so-called “sin industries” – drugs, pornography, prostitution, gambling, etc. That debate is being played out on a large scale in corporations, funds and the stock market, but what about us? Do we support those industries either knowingly or unintentionally? Are we aware of what companies are represented in our mutual funds? Do we know if any of our retirment investements are supporting companies that promote gambling? Do we use products from companies tied to child labor? Do we purchase tickets from entertainment companies that produce pornography? Benign neglect and innocent ignorance are not ethical choices for us. Repeat this: Starting with me, investing will be more than a financial activity; it will reflect solid ethics and family values. I will start asking more questions. For more tips and information, visit www.swimstartingwithme.com.