BBC Business Headlines

VW cracks down on executive pay after diesel scandal
German car maker returns to profit and posts record sales in 2016 despite emissions testing furore.


BA owner IAG's profits hit by weak pound
The owner of British Airways and Iberia reports higher profits, despite the impact of sterling's weakness.


East Africa to track trucks from Mombasa port to stop theft
Uganda, Kenya and Rwanda adopt a truck-tracking system to prevent theft and speed up goods in transit.


Royal Bank of Scotland losses more than treble to £7bn
The bank, which is 72%-owned by taxpayers, reports its ninth consecutive year of losses.


Trump's Treasury Secretary targets tax reform 'by August'
In his first TV interview Steven Mnuchin promises deregulation and tax cuts to boost growth.



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Paul Krugman

Death and Tax Cuts
What Republicans mean when they talk about freedom. read more...




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Business Secrets of the Trappist Monks: One CEO's Quest for Meaning and Authenticity

by August Turak

Published by Columbia Business School Publishing


What a highly successful, centuries-old practice can teach the corporate world and how it can bring more meaning to one's career.

In addition to his work as an entrepreneur, corporate executive, and consultant, for the last sixteen years August Turak worked alongside the Trappist monks of Mepkin Abbey, watching firsthand as they undertook new enterprises and sustained an incredibly successful business practice.

Service and selflessness are at the heart of this 1,500-year-old monastic tradition's remarkable business success, an ancient though immensely relevant economic model that preserves what is positive and productive about capitalism while transcending its ethical limitations and internal contradictions. Combining the lessons he's learned from thirty years of business experience with intimate portraits of the monks at work, Turak shows how Trappist principles have been successfully applied in a variety of business settings. He demonstrates how the monks and such agnostics as Warren Buffett are wildly successful not despite their fanatical commitment to the highest principles but because of them. Turak also points to other "transformational organizations" that share critical components of the abbey's philosophy conducive to success.


pub date: 2013-07-02 | Hardcover | 9780231160629