Can an ethical revival of prudence within prudential regulation tackle corporate psychopathy?

The view that corporate psychopathy played a significant role in causing the global financial crisis, although insightful, paints a reductionist picture of what we present as the broader issue. Our broader issue is the tendency for psychopathy, narcissism and Machiavellianism to cluster psychologically and culturally as ‘dark leadership’ within global financial institutions. Strong evidence for their co-intensification across society and in corporations ought to alarm financial regulators. We argue that an ‘ethical revival’ of prudence within prudential regulation ought to be included in any package of solutions. Referencing research on moral muteness and the role of language in framing thoughts and behaviours, we recommend that regulators define prudence in an explicitly normative sense, an approach that may be further strengthened by drawing upon a widely appealing ethic of intergenerational care. An ethical revival of prudence, we argue, would allow the core problems of greed and myopia highlighted by corporate psychopathy theory to be addressed in a politically sensitive manner which recognises the pitfalls of regulating directly against corporate psychopathy. Furthermore, it would provide a viable conceptual framework to guide regulators along the treacherous path to more intrusive cultural regulation

Sparrow therapeutics exit strategy

The case focuses on Ken Powers, cofounder and chief executive officer of Sparrow Therapeutics, whose young biotechnology company has reached a critical stage where he has to decide whether or not to sell. The company's three main sets of investors have different priorities: (1) a quick cash sale now, (2) delay sale for about a year if returns are greater, and (3) delay sale for 2 years, build company value, and retain autonomy. What choice would be best for the company, for its investors-and for Ken himself? And when would be the best time to implement the exit strategy

Green (environmental) HRM: Aligning ideals with appropriate practices

Abstract Purpose - The purpose of this paper is to explore how Green (environmental) Human Resource Management (GHRM) policies can elicit green employee behaviours. This study explores the role of sustainability advocates, who are leaders and managers in pursuit of their firm’s environmental agenda, in the design and delivery of GHRM policies, communication, recruitment and selection, training, rewards and incentives. Design/methodology/approach – In this qualitative study, eighteen semi-structured interviews with sustainability advocates in European firms were conducted and analysed. Findings – GHRM practices are not in themselves peripheral, intermediate or embedded but shaped by contextual situations. Sustainability advocates intentions do not seem to match GHRM policy design, i.e. they try to elicit value-based behaviours by using self-interest-based approaches, leading to misalignments between the attitudes and behaviours policies attempt to elicit, and the type of behaviours they elicit in practice. Research implications/limitations – This study explores GHRM practice implementation experienced by leaders and managers. Further research on the role of the HR function and recipients of GHRM is needed. Practical implications – Practitioners need to be aware that organisational incentives (GHRM policies) that reflect self-interest can lead to self-interest based behaviour and may be short-lived. A careful consideration of contextual factors will inform the selection of suitable GHRM policies. Training completion rates seem an unsuitable metric for senior management bonuses. Originality/value –This paper investigates the design and implementation stage of GHRM, leading to an identification of GHRM policies as peripheral, intermediate or embedded. This creates an in-depth knowledge on the efficacy of GHRM policies and their relation to the environment. Keywords - Green HRM, Corporate Environmental Sustainability, Corporate Social Responsibility, Organisational Behaviour Paper type - Research articl

The Ethics and Impact of Digital Immortality

The concept of digital immortality has emerged over the past decade and is defined here as the continuation of an active or passive digital presence after death. Advances in knowledge management, machine to machine communication, data mining and artificial intelligence are now making a more active presence after death possible. This paper examines the research and literature around active digital immortality and explores the emotional, social, financial, and business impact of active digital immortality on relations, friends, colleagues and institutions. The issue of digital immortality also raises issues about the legal implications of a possible autonomous presence that reaches beyond mortal existence, and this will also be investigated. The final section of the paper questions whether digital immortality is really a concern and reflects on the assumptions about it in relation to neoliberal capitalism. It suggests that digital immortality may in fact merely be a clever ruse which in fact is likely to have little, if any legal impact despite media assumptions and hyperbole

Cyber Enigmas? Passive Detection and Pedagogical Agents: Can Students Spot the Fake?

This paper presents a study that was undertaken to examine human interaction with a pedagogical agent and the passive and active detection of such agents within a synchronous, online environment. A pedagogical agent is a software application which can provide a human like interaction using a natural language interface. These may be familiar from the smartphone interfaces such as ‘Siri’ or ‘Cortana’, or the virtual online assistants found on some websites, such as ‘Anna’ on the Ikea website. Pedagogical agents are characters on the computer screen with embodied life-like behaviours such as speech, emotions, locomotion, gestures, and movements of the head, the eye, or other parts of the body. The passive detection test is where participants are not primed to the potential presence of a pedagogical agent within the online environment. The active detection test is where participants are primed to the potential presence of a pedagogical agent. The purpose of the study was to examine how people passively detected pedagogical agents that were presenting themselves as humans in an online environment. In order to locate the pedagogical agent in a realistic higher education online environment, problem-based learning online was used. Problem-based learning online provides a focus for discussions and participation, without creating too much artificiality. The findings indicated that the ways in which students positioned the agent tended to influence the interaction between them. One of the key findings was that since the agent was focussed mainly on the pedagogical task this may have hampered interaction with the students, however some of its non-task dialogue did improve students' perceptions of the autonomous agents’ ability to interact with them. It is suggested that future studies explore the differences between the relationships and interactions of learner and pedagogical agent within authentic situations, in order to understand if students' interactions are different between real and virtual mentors in an online setting

Self-Organization Threshold Scaling for Thermal Atoms Coupled to a Cavity

We make a detailed experimental study of the threshold for the self-organization of thermal 87Rb atoms coupled to a high-finesse cavity over a range of atom numbers and cavity detunings. We investigate the difference between probing with a traveling wave and a retroreflected lattice. These two scenarios lead to qualitatively different behavior in terms of the response of the system as a function of cavity detuning with respect to the probe. In both cases, we confirm a N-1 scaling of the threshold with atom number.Comment: 4 pages, 3 figure

Collective cavity quantum electrodynamics with multiple atomic levels

We study the transmission spectra of ultracold rubidium atoms coupled to a high-finesse optical cavity. Under weak probing with pi-polarized light, the linear response of the system is that of a collective spin with multiple levels coupled to a single mode of the cavity. By varying the atom number, we change the collective coupling of the system. We observe the change in transmission spectra when going from a regime where the collective coupling is much smaller than the separation of the atomic levels to a regime where both are of comparable size. The observations are in good agreement with a reduced model we developed for our system.Comment: 4 pages, 4 figure