Just as the number of ethics officers have doubled over the past four years in Corporate America, so have the number of business ethics training classes in America. Many of these classes in fact are being conducted by ex-criminals, like the recent one at Temple University by Walter Pavlo.
Mr. Pavlo talked about his brief career as a corporate criminal and how it put him in jail. He described an elaborate plan that he developed with a friend that led to them acquiring $6 million in cash from MCI customers in less than a year. He then goes on to say that the crime almost led him to a nervous breakdown because he was scared and constantly looking over his shoulder. Individuals like Walter Pavlo are at the center of the hot and emerging business ethics training business.
Thanks to all the high profile accounting frauds, the business ethics business is booming. This has all the auditing firms, law firms or consultants specializing in this topic very happy and eager to capitalize. For example, according to AMR Research, American businesses will spend more than $6 billion in 2005 to comply with Sarbanes-Oxley requirements as well as business ethics programs.
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