The Student Leadership and Ethics Board has initiated a weekly news digest that highlights ethics.February 22-28Morgan Stanley’s John Mack says bankers are still paying themselves too much and if banks don’t address compensation, the government will.Bankers still overpaid, Morgan Stanley's Mack says The Chief Executive of Royal Bank of Scotland is doing something about the issue. He’s the third British Bank CEO to forego a bonus in response to the ongoing public and political anger over banker compensation.No Bonus for RBS Chief Ironically, toxic assets have given a 72 percent boost to Credit Suisse’s bonus pool. Their decision last year to implement a policy of traders “eating their own cooking” has paid off handsomely.Bon Appétit: 'Toxic' Bonus Yields 72 at Credit SuisseThe Federal Reserve is likely to grill Goldman Sachs over its role in the Greek debt debacle.Fed Reviewing Goldman’s Moves on Greek DebtWhile a new Bloomberg story suggests Goldman and SocGen to blame for AIG’s collapse.Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs The woes at Toyota are mounting, with junior executives now questioning the leadership style of President Akio Toyoda.Support for Leadership Wavers at Auto Giant Leaked internal memos show Toyota saved $100 million after negotiating with regulators to limit the recall.Toyota Cited $100 Million Savings After Limiting RecallA top buyer for Kraft foods has pleaded guilty to accepting bribes from a food supplier. The investigation revealed startling corruption in the food industry that resulted in tainted food ending up on consumers’ plates.Bribes Let Tomato Vendor Sell Tainted Food Having trouble with your digestive system? Feeling bloated and irregular? Then you might work for the marketing department at Dannon where your job will be to explain to your CEO why your Activia challenge has just cost the company $45 million in damages for false advertising.Dannon agrees to pay up to $45 million in damages for false advertising of its Activia and DanActive yogurt productsThe $3.7 billion social media marketing industry is facing tough new rules from the Federal Trade Commission. Companies who pay bloggers to push their goods may be liable for prosecution if the bloggers claims are untrue.FTC Blogging Rules Pose Advertising Risks An arrest warrant has been issued for the billionaire former CEO and co-founder of Italian broadband company Fastweb in a €2 billion money laundering investigation.Fastweb Founder Sought in Money-Laundering Probe How not to show principled leadership and perhaps a lesson for those studying negotiations—Colombian President to Venezuelan President: “Be a man!” Response: “Go to hell!” Classy.Colombian and Venezuelan leaders' undiplomatic rowThis is a little off-topic, but it’s a very moving collection of photos of Albatrosses who have died from eating floating plastic in the Pacific ocean. If anyone gets a job at a plastics company and can think of a solution to this problem, the world will be a better place.Appetite for DestructionFebruary 15-21Executives are becoming increasingly wary about doing deals in China: Lawyers are advising workers not to travel with their laptops or Blackberries, some firms are asking for meetings to be held in Singapore, and mining companies are asking for indemnity from prosecution after four Rio Tinto execs are arrested.Secret China businessChina Indicts 4 Rio Tinto Executives After an acrimonious shareholder revolt, Shell decides to cut executive pay.Shell Plans to Reduce Executive SalariesAre hopes fading for an agreement on climate change? BP, Conoco Phillips and Caterpillar pull out of a business coalition that was working with the Obama administration.Defections Shake Up Climate CoalitionAnd the UN’s climate chief steps down early, plans to work for KPMG to advise firms on sustainability.Yvo de Boer steps down as UN climate chief to work for accountants KPMG A new technique has been developed to catch out firms who violate accounting standards to meet earnings expectations. They’re statistically much less likely to report earnings per share with a “4” in the 10ths place.For Some Firms, a Case of 'Quadrophobia'A former Dunkin’ Donuts executive’s reputation as a hard drinking womanizer torpedoes his startup plans when dogged by negative references. He’s suing for lost income as a result.Ex-Dunkin’ executive files $5m lawsuitNeed to get your reputation back on track? Here are some tips to clear your name.A black mark can derail a job searchA Paris court said eBay harmed the Louis Vuitton brand by paying to have misspelled Internet searches directed to its Web site, often to where counterfeit goods are sold.eBay to Pay Damages To Unit of LVMHBusiness schools are increasingly recruiting ex-military members to their programs, citing leadership and teamwork skills.Business Schools Tap VeteransAnd finally… The best leadership lesson ever from a shirtless, dancing guy at a concert. Starts slow but remarkably insightful…Leadership Lessons from Dancing GuyFebruary 8-14NYU Stern strips an alum of his MBA after he is convicted of insider trading. Now Stern is getting sued.Insider Trader Ex-Con Sues NYU For His MBADefense company BAE has paid an enormous $400 million fine under the Foreign Corrupt Practices Act. It was alleged that the company had spent billions to secure a $80 billion contract with the Saudi Air force, including providing a London apartment stocked with prostitutes for Saudi princes.Despite the fine, this was a lucky escape for BAE as it escaped a more serious charge that could have prevented it from selling arms to the U.S.BAE Settles Corruption ChargesToyota came under fire for its ongoing failure to admit fault with its vehicles, quite the turnaround for a company with a highly lauded leadership.Toyota's no-show leadershipDo you think you could do a better job in a crisis? Here's a useful guide for crisis management.Leadership in a Crisis - How To Be a LeaderDid Goldman accelerate the demise of AIG by inflating the scale of its mortgage losses?Testy Conflict With Goldman Helped Push A.I.G. to EdgeA fascinating account of one U.S. cell phone company's $200 million shakedown attempt in Senegal.The Joy Of Doing Business In Africa: How Senegalese Politicians Tried To Shake Down Millicom For $200 MillionAnd finally, some good news! Nike partners with Yahoo!, Best Buy and others to create a GreenXchange for sharing ideas to improve sustainability.Nike Launches GreenXchange for Corporate Idea-SharingThese news items were compiled by Jackson Hewett '10, member of the Student Leadership and Ethics Board.