White Collar Crime with HBS Prof. Eugene Soltes AB'04, AM'04

Location: Sidley Austin LLP
1 S. Dearborn, Chicago

Why They Do It:

Inside the Mind of the White Collar Criminal

by Prof. Eugene F. Soltes AB '04, AM '04

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From the financial fraudsters of Enron, to the embezzlers at Tyco, to the Ponzi schemer Bernie Madoff, the failings of corporate titans are regular fixtures in the news. But what drives wealthy and powerful people to white-collar crime? Harvard Business School professor Eugene Soltes will share his findings with the Harvard Club of Chicago at lunch on Tuesday, October 25th. Prof. Soltes draws from extensive personal interaction and correspondence with nearly fifty former executives as well as the latest research in psychology, criminology, and economics to investigate how once-celebrated executives become white-collar criminals. The product of seven years in the company of the men behind the largest corporate crimes in history, Prof. Soltes’ recently published book, Why They Do It, is a breakthrough look at the dark side of the business world.

Soltes reveals how the usual explanations fail to tell the whole story of why many seemingly successful people go over the line. White-collar criminals are not merely driven by excessive greed or hubris, nor do they usually carefully calculate costs and benefits before breaking the law. Instead, Soltes shows that most of the executives who committed crimes made decisions the way we all do—on the basis of their intuitions and gut feelings. The trouble is that these gut feelings are often poorly suited for the modern business world where leaders are increasingly distanced from the consequences of their decisions and the individuals they impact.

Eugene Soltes is the Jakurski Family Associate Professor of Business Administration at Harvard Business School. His research on corporate malfeasance has been cited by the Wall Street Journal, Financial Times, USA Today, and Bloomberg News. Professor Soltes teaches in Harvard Business School’s executive education programs and is the recipient of the Charles M. Williams Award for Outstanding Teaching. He received his PhD and MBA from the University of Chicago Booth School of Business and his AM in statistics and AB in economics from Harvard University.


DATE:            Tuesday, October 25

TIME:            12 noon - 1:30 pm, buffet lunch, Prof. Soltes remarks during lunch

LOCATION:   Sidley Austin LLP, 1 South Dearborn

COST:           $21 per person for HCC Members and their guests,
                      $36 per person for Nonmembers and their guests

                  $21 per person for HBSCC Members and their guests

                  $26 per person for Wharton Club Members and their guests

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Tuesday, 10/25/16 at 12:00pm - 1:30pm | iCal


Sidley Austin LLP
1 South Dearborn
Chicago, IL 60603

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Look Who's Coming:

Walter Keats
Willard McNItt
  Thurston Group
Scott Saef
Bennett Clarke
Steven Schaumberger
Douglas Masters
Steven Soltes
Anna Soltes
Kristin Rakowski
  Jenner & Block LLP
Coral Negron
  Jenner & Block LLP
Lauren Liutong Li
Matthew Litfin
Steven Schaumberger
Linden Cole
Barry Merkin
Anne Nelson
Guest of Anne Nelson
Eric Cohen
Hee Ja Lee
Hannah Mayer
  Kirkland and Ellis LLP
Laura Bleeke
Desmond Wong
Adam Zmick
Harvey Struthers
Mary Struthers
Charles Gofen
Mike Stelmacki
William Gofen
Ross Green
Nancy Berman
Bob Hastings
Margaret (Pat) Hastings
Elisha Gray
David Loveland
Danielle Cupps
Amy Savin
John Nicholas
Gail Holmberg
Adela Cepeda
William Komaiko
Smitha Arekapudi
... a total of 44 guests.
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