The Jewish Ethicist: Renege

The Jewish Ethicist: Renege

from by Rabbi Dr. Asher Meir, Business Ethics Center of Jerusalem

Q. I agreed to use a certain service provider and even signed an agreement, but the agreement is not valid until I obtain some authorizations from the authorities, so I am technically able to withdraw. In the meantime I came across a better deal. Can I renege on the original agreement?

A. Jewish law, based on commandment and personal commitment, includes many obligations that are not enforceable. This is true even in business regulation. So even when an agreement is not enforceable, there may be an obligation to uphold it.


“It’s Only Business,” What’s Kosher About Business Ethics?

“Its Only Business,” What’s Kosher About Business Ethics?

from by Mark Greenspan


“It’s not personal it’s only business. You should know, Godfather.” Those were the words of Licio Lucchesi,
one of the characters in the classic film The Godfather. After looting the Vatican-owned Immobiliare
Corporation of several billion dollars with the help of a high ranking Catholic official, Lucchesi turned to
Godfather Michael Corleone for help covering his tracks. While few of us will ever be quite so cunning or
deceitful it’s not uncommon for people to say, “Its only business” when cutting corners in business. The end
justifies the means. We presume that in the real world of business the standards of ethics are different than
they are elsewhere. After all don’t we say caveat emptor, “Let the buyer beware?” In the world of business and
corporate dealings only the shrewd and the most cunning survive. We admire those people who manage to
get ahead until their actions have an adverse effect on our lives.

Biblical secrets

7 Biblical Secrets to Business Success

7 Biblical Secrets to Business Success

from by Bob Diener

After graduating law school and practicing for two years, I launched an airline ticket business which was quickly profitable. I sold that business in 1991 and then launched Hotel Reservations Network which became I sold the balance of my interest in in 2003 and after a five year non-compete launched Recently during our weekly Friday night dinner discussion, I mentioned that is growing and profitable and reached some new milestones.


The Impact of Jewish Values on Marketing and Business Practices

The Impact of Jewish Values on Marketing and Business Practices

from by Hershey H. Friedman

Judaism, which relies on the Torah for its written law, has had a great impact on marketing and business. The Torah is replete with precepts dealing with business, and the Talmud, the source of Jewish oral law, elaborates and expands Torah law. The process is ongoing and rabbinical authorities today build on the decisions of their predecessors to apply Jewish law to modern problems. Some of the issues examined in this paper include: honesty in the marketplace, fair pricing, employer-employee relations, and environmental issues. Jewish law is not only concerned with practical legal advice but in encouraging individuals to go beyond the requirements of the law and practice the “way of the pious.” Judaism does not have a negative attitude towards business and wealth — indeed, most of the Talmudic sages had occupations and some were quite wealthy — but riches must be acquired honestly and used to help the poor, the needy, and the stranger.