CEBC: Restoring Integrity to Our Financial System

From Fool's Gold to Financial Integrity - a special event featuring New York Times columnist Joe Nocera on Tuesday, November 13, at 4:30 p.m.

The Center for Ethical Business Cultures (CEBC) invites you to reflect on the lessons and insights on the banking and financial crisis gleaned by Joe Nocera, one of America’s leading business journalists and a regular columnist for the New York Times. What do we need to understand about failures in the private sector as well as in regulation of our complex financial system? What dynamic undercut stated commitments to ethics and corporate responsibility?

We will also consider the difficulties faced by organizations and institutions as they are buffeted by the intense competition and high pressure incentives that characterize our financial sector. In a dog-eat-dog environment, how can organizations resist pressures to compromise business and ethical standards? How can they instill a greater sense of ethics, integrity and responsibility to all stakeholders?

The program will be moderated by Ron James, president and CEO of the CEBC, and includes commentary from Andrew Duff, chairman and chief executive officer of Piper Jaffray Companies, and Peter Young, Ph.D., 3M Endowed Chair in International Business at the University of St. Thomas Opus College of Business.

The event is free and open to the public. Seating is limited. Advance registration is required.

About the Speaker and Panelists

Joe Nocera is an Op-Ed Columnist for the New York Times. Before joining The Opinion Pages in April 2011, he wrote the Talking Business column for The New York Times each Saturday and was a staff writer for The New York Times Magazine. In addition to his work at The Times, he serves as a regular business commentator for NPR’s Weekend Edition with Scott Simon. Nocera is co-author with Bethany McLean of the 2010 book All the Devils are Here: The History of the Financial Crisis.

Before joining The Times in 2005, Mr. Nocera spent 10 years at Fortune Magazine, where he held a variety of positions, including contributing writer, editor-at-large and executive editor. His last position at Fortune was editorial director. He was the Profit Motive columnist at GQ until May 1995, and he wrote the same column for Esquire from 1988 until 1990. In the 1980’s, he served as a contributing editor at Newsweek, as executive editor of New England Monthly and as senior editor at Texas Monthly. From 1978 until 1980, he was an editor at The Washington Monthly.


Andrew S. Duff became Chairman and CEO of Piper Jaffray Companies in 2003 following completion of the company’s spin-off from U.S. Bancorp. He also served as Chairman of Piper Jaffray’s broker-dealer subsidiary since 2003 and as CEO of the broker-dealer subsidiary since 2000. Duff joined the Piper Jaffray in 1980.
Duff currently serves on the Board of Directors of the Securities Industry and Financial Markets Association (SIFMA). He is a member of the University of St. Thomas Board of Trustees and its Opus College of Business Strategic Board of Governors, President of the Walker Art Center Board of Trustees, and an advisor to the Board of Directors of Great Clips, Inc.

Duff holds a BA in economics from Tufts University and attended the Advanced Executive Program at the J.L. Kellogg Graduate School of Management at Northwestern University.


Peter C. Young, Ph.D. holds the 3M Endowed Chair in International Business at the University of St. Thomas Opus College of Business. Professor Young has written extensively on the subject of risk management, and is recognized internationally for his work in both the public and private sectors. From 1994-2011 he held the E. W. Blanch, Senior Chair in Risk Management in the Opus College of Business. He also serves as the principal advisor to (and co-creator of) the University of St. Thomas actuarial science program, which in 2011 received recognition as a Center for Actuarial Excellence. Young has been a visiting professor to City University in London and Aoyama Gakuin University in Tokyo, and has held a distinguished honorary professorship at Glasgow Caledonian University in Scotland. In 2010 he was selected as an Honorary Fellow of the Institute of Risk Management in London.

The CEBC program will be moderated by Ron James, President and CEO of the Center for Ethical Business Cultures.