On May 23, the NYU Stern Center for Sustainable Business and Ethical Systems welcomed Jack Ewing, European Economics Correspondent for The New York Times, for a discussion of his new book “Faster, Higher, Farther: The Volkswagen Scandal“.
Ethical Systems CEO Azish Filabi introduced Jack Ewing and discussed the ways in which this event exemplifies the mission of each center: “This event is a great opportunity for our two organizations to partner given the overlap between ethical failures and environmental impact at VW. That VW’s actions breached the trust of its customers, employees, and the government is an understatement. The emissions fraud represents not only disregard for good business practices, but also the necessity of businesses to be at the forefront of meeting global environmental challenges. It is precisely the type of management decisions we are educating Stern students NOT to make.”
Ewing, who has spent more than 20 years covering German business and economics, opened his presentation with a brief history of Volkswagen, which emerged in the late 1940s as the icon of post-war German regeneration. He detailed Volkswagen’s fraudulent emissions testing and took the audience behind the scenes to expose how this deception happened, who discovered it and how the company tried to cover up its misdeeds.
“Arrogance has a price,” said Ewing. “A strong ethical foundation is hard to achieve, but it is a part of what makes a company successful and profitable.”
Following his presentation, Ewing fielded questions from the full-capacity audience.