Ethics Still Matter

As human beings, we’ve all made decisions that we are not proud of. It’s inevitable; We decided to operate in grey areas instead of moving into more black-and-white territory. To be candid, people have done that for millennia with hopes of getting “away” with it (though I believe you always pay for it in one way or another). The problem (or maybe the good thing) about today is that there is a record of everything and people are out here with the goal of putting the pieces together.

As I do my daily read of the headlines in the WSJ (until my $0.99/month trial period ends) and NYT, the same glaring story jumped out at me: WeWork’s CEO is double dipping. He allegedly bought buildings and then rented the space to his own company. Now, as smart as that may seem, in the era of such tight fiscal oversight, I’d strongly recommend checking with both an attorney and business ethics expert before making such a move.

Now, I’m sure a lot of people would say, “Well, when he started this, he probably didn’t know WeWork wold get this big so he didn’t think it’d be an issue.” And, to those people, I say “You’re probably right.” No one who is immensely successful ever knows that their ideas will take off like they do. But they hope. And that hope/faith/belief is what should drive your ethical behavior. When you begin your business, act as if everyone is already watching you. Act as if your name is on the front page of the New York Times. If you’ve made poor bookkeeping/ethical decisions in the past, nip them in the bud immediately and move forward with integrity. Because that is exactly what happened to WeWork. Don’t tell me you’ll have to learn the hard way, too.

Here’s a tip: If people tell you that you have enough money/power and you’re going the extra mile to get more, take a step back and look at how you’re trying to get more. Then ask yourself, “Would someone else see this as greed?” If the answer is yes, STOP!

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Make learning from the mistakes of others a priority.

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