How Online

Since the birth of the modern Internet, the Net has served as an extraordinary digital microphone, enabling companies to broadcast mostly good news about products and services. But now, amid a struggling global economy, executives are learning hard lessons in transparency about trying to keep secrets from the digital universe.

There may be no better way to mitigate climate change and its effects than to make polluting illegal. Let's cut through the byzantine carbon-trading schemes, and let's get real about the pollution problem. Attach criminal penalties to those excessively polluting the planet and you'll see change happen fast — maybe even as quick as an industry bailout.

Since U.S. companies operate across vast geography, they encounter local cultural practices — some of which might be antithetical to organizational standards. How should a values-based company respond to local customs? HOW contributor and former GE general counsel Ben W. Heineman Jr. explores how the internal values and integrity of GE guide its global business and responsibilities in foreign cultures.

History has a way of repeating itself. In 1987, the markets also faced fluctuating oil prices and a credit crunch. When the tide came back with a vengeance, Mellon Bank Corp. faced its first loss in 120 years. But the money management giant recovered. The key to its rebirth was a lesson from history: A company cannot pull itself out of trouble without applying transparency and honesty.

GE, where Ben W.Heineman, Jr. served as general counsel, has become known as a sustainability pioneer with its "ecomagination" initiative. His latest book also deals with the idea of companies meeting and solving social and commercial needs, not as a PR effort but because it's good, sustainable business. In Part 2 of our continuing "First Person" series, HOW contributor Heineman discusses the role of the CEO in engaging employees in high performance while adhering to rules and ethical standards, and in creating integrity-based corporate cultures and sustainable practices.

When he served as general counsel and senior vice president for law and public affairs at The General Electric Co., Ben W. Heineman Jr. was one of the top officers responsible for ensuring compliance with the law and rules set by the technology and services giant. So why does Heineman’s new book put so much emphasis on why values are vital in today’s marketplace? HOW Online's Dov Seidman asks Heineman whether it is counter-intuitive for a lawyer to advocate for what some consider the “softer” issues of business.

With so much daily news of wavering markets, it may be difficult for business leaders to remain positive and display that confidence to others throughout the organization. HOW Online decided to ask leaders, innovators and authors, "How do you keep your sense of optimism — and convey it to employees and co-workers — when so much bad news is out there now?"

Instead of rationalizing in the face of the current financial crisis that has refocused the public's reproachful eye on the degree programs that "turned out" ethically challenged leaders, a number of business schools are part of a trend now taking shape for their efforts in making distinct strides to embed ethics into the core of their curricula.