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Business
and The New Awakening: A
DuPage County Business Dinner Corporate ethical failings have made headlines. Beneath these scandals, though, lies a more significant ethical challenge facing today's corporate leaders: How can business practice strengthen the moral life of our society? We are facing a challenge of epochal proportions, and corporate practice has an important role in the solution. More people now than ever before have economic opportunity for physical and financial well-being. Our next great social challenge will be to provide greater opportunity for moral and spiritual well-being. We were pleased to feature an address by Dr. Robert William Fogel, Nobel Laureate in Economics, who described the challenge before us. Representatives from the corporate community described experiences and practices that embraced this new awakening for business. Dinner was provided.
Featured Guests
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Robert
William Fogel, Ph.D.,
is the Charles R. Walgreen Distinguished Service Professor of American
Institutions in the Graduate School of Business at the University of Chicago.
He is the Director for the Center for Population Economics, member of
the Economics Department, and member of the Committee on Social Thought.
He also is co-director for the Program on Cohort Studies for the National
Bureau of Economics Research. He received his B.A. from Cornell University,
his M.A. from Columbia University, and his Ph.D. in Economics from John
Hopkins University. Since the late1980s, his principal research has focused
on explaining the secular decline in mortality and the changing pattern
of aging over the life cycle in the United States. His book, The Escape
from Hunger and Premature Death, 1700-2100: Europe, America, and the Third
World reflects his findings. His other current research includes a
study of the high-performing Asian economies, research into nutrition
and longevity, an assessment of the twentieth-century historical debates
over American slavery, and historical work on the development of the discipline
of economics in the twentieth century. Dr. Fogel has received numerous
awards and prizes, including the Arthur C. Cole Prize (1968), the Schumpeter
Prize (1971), the Bancroft Prize (1975), the Gustavus Myers Prize (1990)
and the Nobel Prize in Economic Sciences in 1993 (with Douglass C. North).
James
Fellowes is CEO of Fellowes, Inc., one of Chicago's largest family
businesses. Since Mr. Fellowes joined the business in 1970, the company
has grown from a base of $4 million in sales and about 100 employees to
expectations this year of reaching in excess of $600 million in sales
with its 1400 employees worldwide. He has been active in the office products
industry, his local community, and charitable activities, serving in a
variety of board positions or other support roles. He has been honored
by a number of organizations: the Anti Defamation League in New York,
the 'City of Hope' in California, Ernst and Young, the United Jewish Appeal,
and his secondary school alma mater.
Betty
Jane ("BJ") Scheihing is Senior Vice President of Worldwide Operations
and Human Resources for Arrow Electronics, Inc., Melville, New York. She
joined the company in 1967, when Arrow acquired a small electronics distributor
where she was working as an inventory control clerk. During the past 30
years, she has served in a variety of field and corporate operations management
positions and has participated in all of Arrow's system conversions, mergers,
and acquisitions. She received her master's degree in business administration
from Adelphi University and holds an Honorary Doctor of Laws from Adelphi
University.
C.
William Pollard is Chairman Emeritus of the ServiceMaster Company.
He joined the company in 1977 and served as its Chief Executive Officer
from 1983 to 1993 and then served another sixteen months beginning October
1999. He also served as Chairman of the Board of ServiceMaster from 1990
to April 2002. Mr. Pollard is a graduate of Wheaton College and received
his J.D. from Northwestern University School of Law. He is the author
of The Soul of the Firm and has written for or contributed to other books
and magazines including The Leader of the Future, Leading People, Leading
for Innovation and Organizing for Results, "The Quest for the Entrepreneurial
Spirit," and "The Leader Who Serves."