Another week brings an additional story of greed leading to illegal and unethical actions. Nicholas DelBrocco recently was charged with providing bribes to former labor executive Robert Peto in exchange for DelBrocco’s firm receiving “millions of dollars worth of investment funds and consulting business from the regional carpenter’s union Peto once headed.” Just because an action is not prohibited by a law does not mean such actions are ethical. Which raises this question: What can pensions or foundations do to set appropriate ethical expectations for their trustees? Read more