10.22.08
Posted in Anthropology, Consumer Culture, Jacob Canon, Relationships, The Oscar Show, UVa College of Arts & Sciences, University of Virginia, ethics, happiness, philosophy, sociology at 11:04 am by Jacob Canon
In today’s show, adapted from an article written by Anne Broomley, Senior Writer, Editor for UVa’s Office of Public Affairs, we look at the University of Virginia’s Kath Weston and the journey that led to her new book, Traveling Light: On the Road with America’s Poor.
Author Kath Weston, an Anthropology PhD from Stanford University, grew up in a working-class family and attended college with the help of financial aid, took her first bus trip alone when she was 16, and that unforgettable trip showed her that traveling on the bus was much more than just a way to get somewhere.
Before joining the University of Virginia faculty this fall, she spent more than five years crisscrossing the nation on buses, chronicling the lives of Americans who travel via the least expensive mass transportation option. She refers to her new book, Traveling Light: On the Road with America’s Poor, as a journey full of unexpected richness. Her new book describes her fellow passengers’ colorful humanity and tackles issues of class, race and dubious access to America’s opportunities.
On the Road With America's Poor [5:20m]:
Play Now |
Play in Popup |
Download
Weston said she wanted her social commentary to reveal “the artistry of living poor”—the ingenuity of getting by in a system that often fails to reckon with the widening material gap between rich and poor.
The book’s introduction says “By riding the buses, I hoped to get at aspects of living poor that have eluded community studies of poverty… The road trip has become its own American art form, yet few have bothered to chronicle what happens when people without money take to the road.”
Along the way, the riders she traveled with might have been struggling, hungry or penniless, but she found they were also helpful, creative and philosophical.
For example, take T. J… Traveling in Flagstaff, Arizona , he was almost arrested because a white woman, who was probably insane, thought he was a witch and started screaming at him in a bus terminal snack bar, bringing the police. They were about to haul off T.J., who was black, but a white trucker from the bus talked them out of it.
The trucker loved the road, he said, but he had to give up his rig to have surgery—that’s why he was riding the bus.
When everyone got back on the bus, a Hispanic man walked back to T.J., handing him a foil-wrapped package of burritos his wife had made. It turned out T.J. had no money to buy food as he rode to Oklahoma, en route to a new job in a meat-processing plant.
Then there is a story of a divorced middle-aged man, who had custody of his daughter during the summer. So he took her on the bus for the only kind of vacation he could afford, to show her another side of America.
Or, the story of a teenage girl, traveling from one city to another, looking for her younger brother, whose mother had taken off with him and then left him someplace. The sister didn’t know much more than that.
Then, there is the soon-to-be all too familiar story of a once-middle-class woman, who fell onto harder times when her now-deceased husband was laid off. She told Weston, she hated taking the bus, and even though it was obvious why, the woman stood up for a non-English-speaking passenger when the bus driver started yelling at him. She also changed seats so a young woman and her toddler could sit next to each other.
With America’s appetite for travel and adventure alive and well, and the shrinking economy looming as a back drop, Weston’s story of kindness and humanity, in spite of hardship may become a more familiar one for millions in this country. And, a tale of humility and grace that may salvage the American ideal, in the face of the difficult times ahead.
You’ve been listening to the Oscar Show, I’m Jacob Canon. Join us next week when we will preview the upcoming Virginia Film Festival.
Permalink
02.13.08
Posted in Business, Fraud, Jacob Canon, Social Psychology, The Oscar Show, UVa College of Arts & Sciences, Uncategorized, University of Virginia, ethics, philosophy at 3:21 pm by Jacob Canon
In today’s show, adapted from an article published on the Oscar web site written by Melissa Maki, we look at business ethics and strategy through the eyes of Jared Harris, assistant professor at the University of Virginia’s Darden School of Business and his search for the answers to these questions:
“What motivates a company to cook the books? AND What happens to businesses that get caught committing financial fraud?”
Financial Fraud [6:11m]:
Play Now |
Play in Popup |
Download
Arthur Anderson… Enron…The Mortgage Loan Crisis, these names and events are synonymous with corporate malfeasance. They symbolize a loss of business ethics that occurred when financial profits were prioritized above all else, even to the long-term detriment of the firm. So, what motivates a company to cook the books? And what happens to businesses that get caught committing financial fraud?
Such business ethics and strategy questions drive the research of Jared Harris, assistant professor at the University of Virginia’s Darden School of Business. Harris joined Darden’s faculty in 2006 and has taught ethics and strategy courses for the MBA program as well as a doctoral seminar on corporate governance and ethics. His teaching responsibilities in business ethics and strategy align with his research interests. Harris said, “at the Darden School, cross-disciplinary work is valued… we take ethics seriously, not only within the classroom but also in our research, it’s a great fit for me.”
Harris recently won accolades for his dissertation research at the 2007 annual meetings of the Academy of Management — one of the foremost professional associations dedicated to the study of management and organizations. His work titled, “Financial Misrepresentation: Antecedents and Performance Effects” won the Best Dissertation Award from the academy’s Social Issues in Management Division and was also one of six finalists in the academy’s Business Policy and Strategy Division, an unusual cross-disciplinary accomplishment.
Harris’ thesis builds his academic theory through two related empirical studies. He examined nine years of data from a large sample of publicly traded corporations that were identified by the Government Accountability Office, the GAO, as having misrepresented their financial information.The first study, featured as the lead article in the May-June 2007 issue of Organization Science, focuses on predictors of a company’s propensity toward financial fraud.
In his study, Harris found two factors — relative performance and CEO incentive pay — were highly influential. That is, companies performing below average for their industry are more likely to compensate by misrepresenting their financial data. And surprisingly, the higher a CEO’s stock options as a percentage of total pay, the more likely a company is to cheat — running counter to the notion that incentive pay aligns the individual aspirations of management with the collective ambitions of a company. Harris controlled for other possible predictors, such as increasing board independence by having outsiders on the board and separating the CEO and chair roles in a firm, but he notes that they had “no effect whatsoever on preventing the cheating.”
In the second study, Harris looked at what happens to these companies once ethical violations are announced to the public. Predictably, they see an immediate downturn in their stock prices, but he also found that a firm’s operating performance was severely impaired. This negative impact on profitability was more persistent than market-based effects; even a year or two later, companies were still feeling the effects of their transgressions. On average, the companies’ operational profits dropped by nearly 50 percent. Harris said, “Firms do worse by doing bad. If they cheat, they take a big hit in overall performance.”
But, as with much of life…public perception matters more than reality. Despite his earlier finding that an autonomous board does not deter companies from committing financial fraud, Harris noted that corporations are able to recover from some of this negative fallout if they took swift steps to increase the number of outsiders on their board and replace their CEO. Harris went on to say, “the research shows that stakeholders value these things. Firms get rewarded for making such changes because we all think it is part of good governance — yet in the case of something like board independence, this is ironic, given that the data shows it has no actual preventative effect.”
You’ve been listening to the Oscar Show, I’m Jacob Canon. Join us next week when our topic will be the research of Dr. William Petri who directs a U.Va.-led research team doing research on a parasite said to kill nearly 100,000 people each year.
Permalink
11.15.07
Posted in Buddhist, Elevation, Jacob Canon, Psychology, Relationships, Social Psychology, The Oscar Show, University of Virginia, anxiety, biology, brain, emotions, ethics, happiness, philosophy, physical health, positive psychology, stress at 10:24 am by Jacob Canon
When social psychologist University of Virginia in 1995, he prepared by reading Thomas Jefferson’s writings and making the requisite pilgrimage to Monticello. Little did he realize the impact this Jeffersonian indoctrination would have on his own research.
Haidt’s area of specialization is moral emotions, but before coming to U.Va., he focused his studies on cross-cultural experiences of disgust. He read ancient Buddhist texts and spent time in India, exploring how the beneficial biological aspects of disgust became codified as religious imperatives and keys to social order.
Then he came across Thomas Jefferson’s letter to Robert Skipwith, in which Jefferson describes how “witnessing acts of beauty and moral goodness — whether in literature or reality — swells the chest and inspires a desire to lead a better life.” Suddenly Haidt began thinking about the antithesis of disgust, the psychological effect of uplifting experiences, an emotion he termed “elevation.” Haidt said,“That letter fundamentally changed the course of my research.”
In a moment of zeitgeist, Haidt’s inquiry into elevation coincided with the burgeoning of the academic field, positive psychology, which studies how people find meaning and happiness in life. His research into what prompts elevation and the resulting physical and motivational effects won him psychology’s largest monetary award, the John Templeton Prize for Positive Psychology, in 2001.
While researching elevation, Haidt continued teaching a large undergraduate survey course introducing the study of psychology. In the classroom, he has found it useful to cite quotations and examples from ancient philosophy and world religion to make his points more memorable. Haidt’s colleague, psychology professor Gerald Clore stated, “This penchant for asking what it all means makes him very appealing as an undergraduate lecturer in Introductory Psychology.”
Having received several university and state awards for teaching, Haidt decided to apply his ancient wisdom approach to a study of happiness. Looking at the relationship between what religious and philosophical traditions say about fulfillment and what scientists have discovered about the biological processes involved in the brain’s response to stimuli, Haidt gleaned 10 psychological truths from ancient religious and philosophical texts, which he examines in the 10 chapters of his 2006 book, The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom.
Throughout the work, Haidt analogizes the conscious mind to a rider straddling the elephant of the unconscious mind, trying to guide the giant beast where the rider wants it to go. He cited numerous psychological experiments that demonstrate how at odds the conscious and unconscious minds often are, despite the conscious mind’s skill at rationalizing choices and behavior. His book suggests that by understanding ancient wisdom’s insights into our divided nature, we have a chance of establishing a more harmonious relationship between the conscious and unconscious, gently training our elephants to do as we wish.
Haidt, who has also established an accompanying website, Happinesshypothesis.com , said, “every good idea I’ve ever had in my life is in this book, the book is really a gateway to everything I want to work on for the rest of my life.” Although Haidt spent 2005-2006 at Princeton University as the Laurence S. Rockefeller Visiting Professor of Ethics at the Center for Human Values, his heart remains in Charlottesville. Haidt said,“it really was because of U.Va., because of Jefferson, that I came to study this completely neglected area of emotion.”
Haidt is currently studying the foundations of moral judgment in liberals and conservatives in order to understand how political appeals might be better crafted. In addition, he’s researching how the application of elevation can be used to increase trust in relationships, especially among married couples.
To learn more about his work and this area of study, visit www.happinesshypothesis.com.
Permalink