God and Oil at Harvard: CEO Sees Faith Saving Capitalism – Bloomberg Business

This is a fascinating and provocative profile of Jim Hackett, who believes that values-based capitalism can and should guide social and corporate policy.

Hackett’s unusual walk with God began with the collapse of energy trading conglomerate Enron, where he felt stung by the failure of values in the company’s demise. Enron CEO Jeff Skilling — now in prison — was one of Hackett’s MBA classmates, and he knew many of the company’s leaders well. Enron, he recalls, touted “communication, respect and integrity” among its core values, yet at the end of the day failed on all counts,he said.
As a senior executive or CEO at companies including Duke Energy Corp., Seagull Energy Corp., Ocean Energy Inc. and Devon Energy Corp., Hackett has always emphasized the importance of values, instilling corporate ethics at one company that mirrored principles in the Ten Commandments, he says.

via God and Oil at Harvard: CEO Sees Faith Saving Capitalism – Bloomberg Business.

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