Denver Business Journal: Daniels Fund launches ethics initiative at region’s business schools

January 17, 2010. Retrieved online: January 19, 2010 from Bruce Goldberg, Denver Business Journal

Bill Daniels — the late cable giant who funded the formation of the Daniels College of Business at the University of Denver — was known for his strong belief in practicing business ethics.

One of the more famous stories about his business practices: He owned the Utah Stars of the American Basketball Association when the team declared bankruptcy in 1975. Though his financial obligations were taken care of, he still spent $750,000 of his own money to repay every season ticket holder and vendor, with interest.

Daniels also insisted that ethical practices be taught throughout the curriculum at the Daniels College, to which he donated $11 million.

On Jan. 19, the Daniels Fund, founded by the businessman, will announce plans to award $7.5 million in grants as part of its new Daniels Fund Ethics Initiative, a partnership with business schools in eight universities in Colorado, New Mexico, Utah and Wyoming.

The Daniels College and the University of Wyoming College of Business, which already have business ethics programs in place, will be joined by six universities that don’t have such programs: Colorado State University, New Mexico State University, University of Colorado at Colorado Springs, University of New Mexico, University of Northern Colorado and the University of Utah. The new programs will be based in their respective business schools.

Read the article.

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