Abstract
What causes unethical behavior and what can we learn from those individuals who have had spectacular ethical lapses? The profiles of six prominent individuals, including Dennis Levine, Charles Keating, and Robert Citron are examined to try to provide some insight into what lead them down the slippery slope to criminal and unethical behavior. What we found is that all six certainly knew that they were breaking the law and most went to extra-ordinary lengths to cover up what they were doing. Additionally, we found that each individual had attained a position of authority that enabled them to break the law without being seriously challenged by others who knew, or suspected, what was being done. Each person was highly compensated for their efforts, yet, they choose to engage in unethical and illegal activities in the pursuit of just a little more money or power.
Similar content being viewed by others
References
Binstein, M. and C. Bowden: 1993, Trust Me: Charles Keating and the Missing Billions (Randon House, New York).
Frantz, D.: 1987, Levine & Company: Wall Street's Insider Trading Scandal (Henry Holt and Company, New York).
Robin, D.: 1999, Questions & Answers about Business Ethics: Running an Ethical and Successful Business (Thomson Learning, Cincinnati, OH).
Sterngold, J.: 1990, Burning Down the House: How Greed, Deceit, and Bitter Revenge Destroyed E. F. Hutton (Summit Books, New York).
Stevens, M.: 1989, Sudden Death: The Rise and Fall of E. F. Hutton (NAL Books).
Stewart, J.: 1991, Den of Thieves (Simon & Schuster, New York).
Traub, J.: 1990, Too Good To Be True, The Outlandish Story of Wedtech (Doubleday, New York).
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Dunkelberg, J., Jessup, D.R. So Then Why Did You Do It?. Journal of Business Ethics 29, 51–63 (2001). https://doi.org/10.1023/A:1006494909657
Issue Date:
DOI: https://doi.org/10.1023/A:1006494909657