Where Can Execs Learn Ethics?

Given the ethical lapses at Enron, Andersen, Sotheby's and Christie's, Merrill Lynch, and, most recently, the clouds hanging over Tyco and ImClone, it would seem logical for business schools to put a sharper focus on teaching future business leaders to do the right thing. Sure, most B-schools are loudly condemning such ethical breakdowns. But what are they doing to really combat recurrences of such behavior? The short answer: Not much.

To their credit, schools haven't been ducking the issue. Across the U.S., B-school professors say they've devoted class discussions to Enron and its ilk, whenever possible relating news stories to school work. Deans have issued elegant statements of indignation in alumni newsletters. But don't expect to see an accounting case study about Andersen anytime soon.