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Business Schools Aren't Producing Ethical Graduates

You can’t accuse them of not trying. Business schools make efforts to teach students to carry ethical lessons from their MBA program into the working world and to behave ethically as professionals. Most top schools include ethics courses or build ethics-related segments into classes on global management and leadership.

As much as they try to impart ethical lessons, programs often fail to contribute to an ethical business climate. At least 100 publicly traded companies, including Wal-Mart, GlaxoSmithKline , and Hewlett-Packard, have reported  investigations relating to violations of the Foreign Corrupt Practices Act (FCPA). Over the last two years, Walmart has paid $439 million in legal fees in response to a probe of possible violations in Mexico. In May, Avon Products reached a preliminary $135 billion settlement over allegations of bribery in its China operations.