Business Ethics and Jewish Law

Business Ethics and Jewish Law

from myjewishlearning.com by: Rabbi David Golinkin

Abbreviated from Insight Israel 3:1 (October 2002), published by The Schechter Institute of Jewish Studiesin Jerusalem. Some bibliographic references that have been eliminated here, and a bibliography on Jewish business ethics, can be found in the original version of this article, available on-line. The opinions expressed here are the author’s own and in no way reflect an official policy of the Schechter Institute.

Accurate weights and measures

We are admonished in the Book of Leviticus (19:35-36): “You shall not falsify measures of length, weight, or capacity. You shall have an honest balance, an honest weight, an honest ephah [dry measure], and an honest hin [liquid measure]“.

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Holy Money

Holy Money
from aish.com by Rabbi Yitzchok Breitowitz

Many have a mistaken idea of what is within the scope of Jewish tradition. People know that lighting Chanukah candles, observance of Shabbat, laws of Kashrut, etc., are the purview of rabbis. But many have an attitude that “If I don’t tell the rabbi how to run his business, the rabbi shouldn’t tell me how to run mine.” Very often, we live fragmented, dichotomized lives where what we do in the office from 9-to-5 (or if you’re a workaholic, from 8-to-7) is our own private affair, and then at home we observe the holidays and rituals of Judaism.

The Talmud discusses the questions people are asked by God after their deaths. The very first question we are held accountable for — even before issues of religious practice — is “Nasata V’netata Be’emunah,” which means “did you conduct your business affairs ethically?”

Ritual behavior and social behavior are all part of the same religious structure.

Throughout the Torah, there is constant juxtaposition between ritual commands and the ethical obligations of one human being to another. One verse may say, “Don’t worship idols,” followed by, “Do not cheat, do not misrepresent, do not engage in fraud” (Leviticus 19). Dichotomy between ritual behavior and social behavior is foreign to Judaism, because they are all part of the same God-given morality, the same religious structure.

Business ethics is the arena where the ethereal transcendent teachings of holiness and spirituality most directly confront the often grubby business of making money, of being engaged in the rat race that often comprises the marketplace. It is the acid test of whether religion is truly relevant, or religion is simply relegated to an isolated sphere of human activity. It is business ethics, one could posit, above all, that shows how God co-exists in the world, rather than God and godliness being separate and apart.

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Radically Jewish Business Ethics

Radically Jewish Business Ethics
from chabad.org by David Weitzner

In the wake of the latest business scandals in the news, let’s go ahead and ask the real question that sits in the back of the head of every businessman with a conscience: Is business inherently at odds with ethics?

Let’s probe deeper than that: What is the precise relationship between the world of business and the seemingly disparate world of morality and ethics? Does this relationship begin and end with a set of rules specifying the behaviors that are to be avoided while engaging in an inherently unholy, albeit necessary, task? Or, as a radical alternative, can business activity be celebrated as something with significant spiritual potential?

An authentically Jewish approach to business ethics begins by shattering our popular conceptions of morality.  Unlike other spiritual traditions, Judaism does not view business activity as nothing more than a necessary evil. Like everything else that is meaningful in one’s life, the call to engage in business comes from Above. The classic Jewish discussions of morality in business veer considerably far away from the topics that dominate what we generally regard as the sphere of the moral. Morality is often conceived in the popular mindset as the realm of altruism and self-sacrifice. Yet Jewish business ethics push for the development of qualities and character traits that do not, at first glance, have specifically moral significance.

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What Do You Do When An Employee Steals? (Part 1)

This article is part of the  George Kalmar Business Ethics Series

Dilemma submitted by David Unger
Answered by Rabbi Yosef Rosen

David Unger Asks:

Luckily, over the last 30 years, I have had only a few cases where I have caught an employee who has stolen something. In one case it was a first-class airline ticket to Australia that our magazine had earned in lieu of cash for advertising. In another case it was $300 of an advertising client’s money. What should you do when you catch them? What if they promise it was only once and they will never do it again? What do you do?

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What Do You Do When An Employee Steals? (Part 2)

This article is part of the  George Kalmar Business Ethics Series

Dilemma submitted by David Unger
Answered by Rabbi Yosef Rosen

David Unger Asks:

The worst situation of employee theft was one in which a “departing” salesperson took the company’s database of advertising clients which they planned to use to compete with our business. Of course they really don’t teach you this at Wharton. What do you do?

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What Exactly is a Seller Obligated to Tell a Buyer?

This article is part of the  George Kalmar Business Ethics Series

Dilemma submitted by Anonymous
Answered by Rabbi Kurt Stein

A friend of mine, Reuven was the CEO of a very successful private company. They were being pursued by Shimon, a CEO of a public company, who wanted to buy Reuven’s company. Reuven knew much more about his own company than Shimon knew. Shimon, of course, sent in a small army’s worth of attorneys and accountants to perform due diligence on Reuven’s company. However, after the due diligence was completed, Reuven knew that Shimon’s army had overlooked some critical issues and was potentially offering too much money for the company.

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The 6-Step Method for Managing Any Ethical Dilemma

This article is part of the  George Kalmar Business Ethics Series

Originally Published on Entrepreneur 3/31/2016
Dilemma submitted by Matt Sweetwood

Throughout our business and personal lives we are faced with dilemmas that place us between a “rock and a hard place;” dilemmas that are always win-lose. They force us to choose between saving one person’s job while costing another’s; causing one person to lose money while another gains; and hurting one friend while helping the other. They occur both by accident and as a result of the actions of others. The latter is what recently happened to me.

I was working as a business consultant for two sister companies, Alpha, Inc. and Beta, Inc., that have the same parent company, Gamma, Inc. During my initial interactions with Alpha, Charlie, an administrative assistant, informed me that Gamma and Alpha were having some sort of dispute. Charlie was highly stressed about the dispute and told me that he was considering looking for a new job. The president of Alpha would later confirm that she was indeed having a dispute with Gamma.

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