WEDNESDAY,JULY17,2002
THE UNIVERSITY DAILY KANSAN - 19
HEADLINE
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"I think it might give the Democrats somewhat of an advantage on that particular issue, but with this balance of the war on terrorism which the Republicans have, it's likely going to wash out," he said.
Likewise, the students who HeiderMarkel comes in contact with are more conservative than in the past, he said, and were unlikely to endorse a wave of new regulation of financial institutions.
This summer, he co-teaches a class called Politics in Literature. The class is reading a science-fiction novel that depicts a future 50 years from now that, because of abuses by wealthy business people, has eliminated all barriers to
accessing information.
He said the class was talking about the incremental change that could lead from the current state of affairs to a world where there was no secret information.
"How do we put a stop to that?" Heider-Markel asked. "Maybe we put a stop to it by forcing companies to provide more information than they have in the past."
But he agreed with Ettredge that using the government to do so would be difficult or possibly undesirable.
"We'd constantly be checking accounting records, et cetera," he said. "Or, (what if) we had all of this information public all the time, say on the World Wide Web?"
Contact Norton at mnorton@kansan.com. This story was edited by Kristin Keeney
BUSINESS NEWS Intel to cut 4,000 jobs
SAN JOSE, Calif. (AP) — Intel Corp., the chip-making giant that has managed to avoid mass layoffs during the technology downturn, said Tuesday it is cutting 4,000 jobs, or nearly 5 percent of its work force.
The move came after the Silicon Valley company posted lower-than-expected second-quarter earnings.
Intel attributed the job cuts to weak demand for the chips that power personal computers.
"We haven't seen an economic
recovery in our business yet," said Andy Bryant, chief financial officer. "We want to be cautious in our spending."
Most of the cuts would be made through attrition, Bryant said.
The world's largest semiconductor company had 83,000 employees worldwide at the end of the first quarter, down from 86,000 at the end of 2000.
Unlike other high-tech companies during the past year, Intel escaped large-scale layoffs and instead cut discretionary spending and postponed raises. Last year, however, the company said it was cutting 5,000 jobs, mostly through attrition.
KU BUSINESS SCHOOL
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Joe Reitz, co-director of the KU International Center for Ethics in Business, teaches two ethics classes a year--Ethics and Values in Business, an undergraduate course, and Business Ethics, a graduate course.
He said the business school faculty incorporated discussions on business ethics in their classes, but he specifically worked with students on ethics.
Reitz said he had been teaching business ethics for 20 years and had plenty of cases for his students to learn from. Last year they were looking at Firestone and Ford.
"It is an easy class to teach because there is always some scandal going on," he said.
Reitz had 20 students enrolled in his undergraduate course last year and seven in his graduate course.
Reitz said he tried to help students understand that the most successful business people behave ethically.
"I don't want them to have any impression that they have to cheat to succeed, because they don't," he said.
He said in his ethics courses last semester they discussed the Arthur Andersen and Enron case and how these companies did things that led to their collapse.
Reitz said he tried to convince students that they should have a personal ethical code. That way they would not be manipulated into doing something they would be ashamed of or risk being convicted of a crime.
David Marker, Topeka doctoral stu
dent in business, said he had taken Business Ethics at KU and thought that business students should take a course on ethics.
"I don't hold this view because of current scandals and revelations of the corrupt practices of some businesses," Marker said. "Business students should be
"It is an easy class to teach because there is always
some scandal going on."
Joe Reitz
co-director of the KU International Center for Ethics in Business
prepared for business ethics no matter what the circumstances."
Marker said in business and in life some people would try to take advantage of others. Business people were not different from others, he said.
"Moral judgment does not develop solely from teaching in school, it is the result of upbringing as well as education," Marker said.
Reitz said the main problem with
large corporations was that business executives thought they were different and could play by different rules.
He said he thought the Securities and Exchange Commission would set forth rules and put strong pressure on the accounting profession to change some of the ways they did things.
Contact Smith at tsmith@kansan.com. This story was edited by Mike Gilligan.