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Ethics boys

Donations to universities are not always accepted — one can be turned down on economic or ethical issues

Sir, Around 1991 I offered the London School of Economics a grant of £1 million to set up a Chair in Business Ethics. John Ashworth, at that time the Director of the LSE, encouraged the idea but he had to write to me to say, regretfully, that the faculty had rejected the offer as it saw no correlation between ethics and economics. Quite.

Lord Kalms
House of Lords