Governance and Social Responsibility : Inaugural Executive Ethics Symposium Debates Strategic Default
By Liz Warren-Pederson
A panel of leaders gathered at the UA August 20 to hash out ethical issues involved in strategic mortgage default, in the Eller College’s inaugural Executive Ethics Symposium.
UA Associate Professor of Law Brent T. White — who received broad coverage in the media for arguing that it might make sense for homeowners who are underwater to walk away from their mortgages — was joined by leaders from banking, real estate, and community advocacy in a lively conversation with about 75 participants.
“I was honored to participate in the first Ethics Symposium,” said panelist Rosey Koberlein, CEO of Long Companies. “Professor White’s papers on strategic defaults have stirred a necessary dialogue for this current day economic market. Elevating the issue to a moral vs. immoral action has stirred many emotions and value systems within all of us.”
“We had a great cross-section of interests,” said Paul Melendez, EthicsPoint Distinguished Lecturer in Business Ethics and head of the Eller Ethics Program. “This was a great opportunity for stakeholders to come together and discuss a hot button topic without being on the hook.”