Values, the Financial Crisis, and Goldman Sachs

This is an Archive of a Past Event

How can we think about the ethical dimensions of the financial crisis of 2008 now, with 20-20 hindsight? Specifically, what was the responsibility of Wall Street investment banks? Scotty McLennan will lead us through a Socratic discussion of the role of Goldman Sachs before, during, and after the crisis. What were the major issues? If you had been the CEO, what would you have done? How can we use this case to learn about the process of ethical decision-making in general? Scotty McLennan is a lecturer in political economy at Stanford's Graduate School of Business. He is a lawyer, minister and author of four books. Scotty practiced law for the first ten years of his career and then spent thirty years in university chaplaincy at Tufts University and at Stanford. He has taught business ethics at the GSB, Tufts and Harvard Business School.