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Corporate executive emphasizes ethics in business

first_imgTom Tropp, vice president of corporate ethics and sustainability for Arthur J. Gallagher & Co., visited Notre Dame on Tuesday to discuss corporate ethics. The lecture was part of the Berges Lecture Series in Business Ethics, held each fall by Notre Dame’s Center for Ethics and Religious Values in Business and the Institute for Ethical Business Worldwide. In this series, senior executives speak about their personal experiences involving ethics from a corporate point of view.In 2007, Tropp earned a Masters in philosophical and theological ethics at the University of Chicago Divinity School. That same year, his international insurance brokerage company was bought out by Arthur J. Gallagher & Co., landing Tropp the opportunity to start his career rooted in ethics at Gallagher.“I went back to school to study theology,” Tropp said. “I went to learn more about my faith and within a semester, I fell in love with ethics. It was a personal conviction. Crazy, I was 55 years old when I went back to school.”Arthur J. Gallagher & Co. is the third largest insurance brokerage firm in the world and participates in 30 to 35 mergers every year. Tropp said Gallagher focuses not only on the stockbroker, but also on the stakeholder and the ethics involved in the process.“About 15 years ago … people began in the business world to equate compliance and ethics,” Tropp said. “If it’s legal, it’s ethical.“That’s not true,” he said. “There is a difference between compliance and ethics, and it is important that we understand that in the corporate world.”Tropp also addressed the misconception that ethics and compliance are synonymous. He said the two are in fact very different because compliance tells people what they must do, whereas ethics states what people should do.“Compliance is about the minimum. … Ethics is the stuff that raises us above the minimum and makes us think different from other companies,” Tropp said. “… Every company you deal with has the same compliance. Ethics is unique. Ethics is different at every company because ethics follows the people.”Tropp said that a “high integrity” company is composed of four points: corporate ethics, environmental integrity, community involvement and employee health and welfare. He said that Arthur J. Gallagher & Co. has a document called “The Gallagher Way” that helps uphold these four elements.“The Gallagher Way was made in May of 1984,” Tropp said. “… We will not change it. It is the most important document in our company. Every major decision we make on the 25th floor, that document is lying on the table.”Tropp said he believes there are certain values every human being deserves. He said these values are non-exclusionary but universal.“Different cultures have different standards of compliance, but values transcend borders,” Tropp said.Tropp ended his lecture with some advice for students about to enter the job market.“Avoid paranoia. Avoid fear. Pick a company that you respect,” Tropp said. “Lots of people take a job because they think they’re not going to have another opportunity. Don’t do it. Get a job with a company you respect.”Tags: ethics, Mendoza, mendoza college of businesslast_img read more

LUNA Bar will pay difference in US men’s, women’s World Cup bonuses

first_img“It’s simply because, well, they deserve it. As do all women — whether they’re crushing it at work or playing soccer on a global stage. And by sharing their experience publicly, the players of the USWNT become advocates, mentors and role models to women and girls around the world.”LUNA Bar gathered the women’s team to share the news and drew cheers and applause. Megan Rapinoe, who has spent over a decade on the national team, was in shock, saying, “It’s kinda wild.” We love when badass ladies stand up for what they deserve. And we’re in awe of U.S. Women’s National Soccer Team ( @USWNTPlayers ). Learn how we’re helping them level the playing field. Because equality can’t wait for someday. #somedayisnow #Equalpayday pic.twitter.com/NB3FgsTDMO— LUNA Bar (@LUNAbar) April 2, 2019Adidas has also joined the WNT fight for equal pay and said athletes on the winning team of this year’s women’s tournament will receive a bonus equal to their male peers. The total bonuses for the 23 women will equal $718,750.”As you can imagine, this got us pretty fired up. We knew we had to do something. And do it now,” the company said in a statement. “And let’s be clear, this isn’t about their bravery and determination — which they rock in abundance. Or even about the money. Related News U.S. Soccer asks court to consolidate discrimination lawsuits from USWNT, Hope Solo Adidas plans bonus for FIFA Women’s World Cup winners equal to men’s team earningscenter_img LUNA Bar celebrated Equal Pay Day in a big way.The nutritional bar company announced Tuesday it will pay each of the players on the United States women’s national team World Cup roster $31,250, which equals the difference in the roster bonuses the women’s and men’s team receive.​ There was no coincidence with the sportswear company’s announcement either. It came the same day all 28 players on the USWNT filed a gender discrimination suit against the U.S. Soccer Federation citing inequities affecting everything from the team’s pay, training and travel to medical treatment.last_img read more