It sounds like the Indian Institute of Management in Lucknow, where Anshul Rustagi was honoured as a high-flier, who we must remember is 26 years old and still a kid, spent more time with prizes recognizing stars and with numbers than they did with focusing on the right things to do.
As with many of these business schools that have joined the ethics bandwagon, the feeling is that, as long as you have a couple of ethics courses in the syllabus, these schools have fulfilled their social, educational and business obligations.
That is not good enough! Ethics and doing the right thing needs to be a fundamental part of everything they do and every course they teach. What is right is often obvious but sometimes quite difficult and if students are sent out into the world with stars in their eyes, with $ signs in their minds and with high-fliers to emulate, when they need to look deep down for the right thing, they are often found wanting.
Business schools need to have ethics in the DNA of each of their courses and in everything they do, otherwise they will have failed. How about a prize for doing the right thing instead?
Onésimo Alvarez-Moro
See article:
The derivatives trader at the centre of an inquiry by Deutsche Bank into a suspected £30m overstatement of his trading position was a high-flying prize winner at one of India's leading business schools.
Anshul Rustagi, known as Rusty, was runner up in the "Leaders in Making" Award, given to candidates from across the country by the Indian Institute of Management in Lucknow, when he graduated from the institute in Bangalore in 2003.
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Visit the Indian Institute of Management in Lucknow.
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