The Ethics Experts Episode 191 - Todd Haugh
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Jan 20, 2025 Todd Haugh, an Associate Professor at Indiana University, dives into the fascinating world of white-collar crime and business ethics. He shares his journey from practicing attorney to academic, highlighting how psychological motives can lead to unethical behavior. The discussion covers the crucial distinction between a company’s stated values and actual practices, as well as the importance of authentic communication. Haugh emphasizes the role of behavioral insights in corporate ethics, advocating for innovative compliance practices that truly reflect organizational values.
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Todd Haugh's Legal Career
- Todd Haugh practiced white-collar criminal defense in Chicago for a decade.
- He represented everyone from CEOs to secretaries, working on cases involving public corruption, financial fraud, and environmental violations.
The Psychology of White-Collar Crime
- Most white-collar criminals aren't sociopaths, but ordinary people under pressure.
- They often rationalize their actions, blurring ethical lines.
The Accountant's Fraud
- A client, an accountant, committed bank fraud due to pressure from a friend.
- This illustrates how seemingly good people can make bad decisions under external influence.