A Lesson from Warren Buffet about Ethical Blind Spots

Harvard Business Review

The far more interesting question from our standpoint is why Warren Buffett, known for his embrace of ethical business practices, failed to understand the unethicality of Sokol's actions when he learned of them, and intervene. As we discuss in our April 2011 HBR article "Ethical Breakdowns" , mounting research shows that we often fail to notice others' unethical behavior if it's in our interest not to notice. Martin Professor of Business Ethics at the University of Notre Dame.