There was a fascinating, though brief, interview with Sir Terry Leahy, the recently retired CEO of Tescos, on the Today programme this morning, which you can hear here.
He talks about his poor background in Liverpool, his Irish immigrant parents, and attributes his success in business in part to his Catholic junior school, which got him into the grammar school, and instructed him in moral absolutes.
'The most damaging tendency of all is our sleepwalking into the quagmire of moral relativism, an obsession with tolerance, a wish to please everyone.'
He makes clear the importance of moral absolutes in the world of business: whatever fun academics may have in denying such concepts, in the world beyond academe, they are essential for any human commerce.
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