Steven R. Salbu
Professor of Business Ethics and Legal Environment of Business Cecil B. Day & Chair in Business Ethics | Scheller College of Business at Georgia Institute of Technology
Atlanta, GA, UNITED STATES
Professor Salbu's research centers on business ethics and the legal environment of business.
Media
Publications:
Documents:
Videos:
Audio/Podcasts:
Biography
Steve Salbu is the Cecil B. Day Chair in Business Ethics. In that role, he leads the Cecil B. Day Program in Business Ethics, established at Georgia Tech Scheller College of Business in 2013.
Salbu, a professor of law and ethics, joined Georgia Tech Scheller College of Business in July 2006 as dean and the Stephen P. Zelnak chairholder, positions he held until July 2014. During his tenure as dean, numerous advancements were made, including substantial faculty growth; the endowment of numerous faculty chairs, professorships, scholarships, and fellowships; and the naming gift branding Scheller College.
After eight years as dean, Salbu elected to return to his research and focus on leading the Cecil B. Day Program in Business Ethics.
Prior to joining Scheller College, Salbu served as associate dean for graduate programs at the McCombs School of Business at the University of Texas. He joined that school in 1990 and was named its Bobbie and Coulter R. Sublett Centennial Endowed Professor in 2000. He also served as director of the McCombs School Business Ethics Program and editor in chief of the American Business Law Journal.
Salbu has served as a visiting professor at a number of US business schools, including the Wharton School of the University of Pennsylvania, University of Michigan, and Indiana University. He has also taught extensively at international business schools and law schools, including London Business School, Rotterdam School of Management, IMADEC University in Vienna, the University of Edinburgh (joint business law program with the University of Texas), ITESM in Mexico City (joint EMBA program with the University of Texas), the University of Melbourne Law School (as Honorary Senior Fellow), Copenhagen Business School, INCAE in Costa Rica, Helsinki School of Economics, Instituto de Empresa in Madrid, and the Melbourne Business School (as the inaugural Gourlay Visiting Endowed Professor of Business Ethics). In addition, Salbu has acted as a business consultant since the 1980s, working with many clients in a variety of areas, including business ethics, strategy, regulatory issues, medical ethics, and FDA regulatory policy.
Areas of Expertise (3)
Cyberlaw
Business Ethics
Legal Environment of Business
Selected Accomplishments (5)
Hofstra University Award for Alumni Achievement
2016
Kay Duffy Memorial Award for Extraordinary Service to the Academy, awarded by the Academy of Legal Studies in Business
August 2015
Inaugural Ernest Scheller Jr. Prize for Excellence, Scheller College of Business, Georgia Institute of Technology
2014
IE Business School Reconocimiento a la Excelencia Docente (teaching award for top student evaluations in three courses taught at IE Business School in Madrid)
2007 - 2008
Academy of Legal Studies in Business Senior Faculty Award of Excellence
2003
Education (5)
The University of Pennsylvania, The Wharton School: Ph.D., Organization and Strategy 1990
University of Pennsylvania, The Wharton School,: M.A., Applied Economics 1986
Dartmouth College: M.A., Liberal Studies 1980
College of William and Mary,: J.D. 1980
Hofstra University: B.A., Psychology 1977
Links (2)
Selected Media Appearances (3)
Georgia Tech Expert Talks Workplace Ethics and Coming Back from Crisis
Georgia Tech News Center
2018-10-29
Steve Salbu discusses this gap and other dilemmas during his ethics classes. Salbu is the Cecil B. Day Chair in Business Ethics at the Scheller College of Business, where he leads the Cecil B. Day Program in Business Ethics. “The goal of the program is to develop the highest ethical standards in our community, both through the curriculum and through various kinds of extracurricular offerings,” said Salbu...
Student faculty ratio remains concern
Technique
2013-03-28
“By growing the tenured and tenure-track faculty, we hope to broaden and enrich our course offerings, allow for some smaller class sizes and continue to build a critical mass of world-class faculty who are recognized as leaders in their fields,” said Dean of the Scheller College of Business Steve Salbu...
Vocal on Gay Issues, Dean Goes Beyond Classroom
Wall Street Journal
2013-03-06
Steve Salbu, dean of Georgia Institute of Technology's Scheller College of Business, says he is the only openly gay dean at a top U.S. business school. As a result, he feels a duty to speak out for openness and equality for lesbian, gay, bisexual and transgender students and professionals. Though Mr. Salbu is at a relatively small school—Scheller has just 71 students in the first-year class of its full-time M.B.A., 415 more in an evening version and 1,332 undergraduates—he hopes to expand his platform on LGBT issues...
Selected Articles (5)
Mitigating the Harshness of FCPA Enforcement Through a Qualifying Good‐Faith Compliance Defense
American Business Law Journal
Steven R Salbu
2018 In recent years, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have enforced the Foreign Corrupt Practices Act (FCPA) with increasing rigor. These zealous enforcement practices have been criticized for putting excessive pressure on companies to settle, often through nonprosecution or deferred prosecution agreements. The resulting proliferation of such settlements has created a dearth of case law interpreting the statute, resulting in legal ambiguity that reinforces pressures on companies to continue to settle rather than litigate, as uncertainty of the law adds to risk. This dynamic is exacerbated by the broad vicarious liability that firms face for the wrongdoing of individual actors. Given the need for government to enlist business as a partner in any effective battle against global corruption, the current highly adversarial relationship between enforcement agencies and firms is unreasonable and counterproductive. The law and its enforcement agencies should go further in providing incentives for businesses to develop and implement strong good‐faith FCPA compliance programs. They should establish standards for rigorous compliance programs that would provide qualifying companies with a defense against entity liability for the corrupt behavior of individuals. Creation of a qualifying good‐faith compliance program defense would help to prevent future FCPA violations, to recruit companies as partners in fighting corruption, to encourage ethics‐oriented corporate cultures, and to encourage upstanding firms to do business in regimes where rectitude is most needed.
Redeeming Extraterritorial Bribery and Corruption Laws
American Business Law Journal
Steven R Salbu
2017 Over a decade ago, I wrote a series of law review articles that were critical of the Foreign Corrupt Practices Act (FCPA) and the international treaty initiatives that seek to export the FCPA philosophy. Since then, the United States and other nations around the world have embraced, and attempted to enforce, the FCPA and its global progeny with an ever-growing vigor. The objectives of extraterritorial corruption legislation are certainly laudable, and the climate of escalating global commitment to such laws suggests they are here to stay. The challenge for legislators and the judiciary approaching the third decade of the twenty-first century is to enhance the laws’ effectiveness, fairness, economic feasibility, and cultural respectfulness.
Differentiated Perspectives on Insider Trading: The Effect of Paradigm Selection on Policy
St. John's Law Review
Steven R Salbu
2012 During the twentieth century, the practice of trading securities on the basis of inside information has created policy challenges for legislators, judges, and lawyers. Prior to the Great Depression, the practice was infrequently the subject of litigation;'since the stock market crash in 1929, statutory attempts to understand the nature of insider trading and to circumscribe spheres of unacceptable behavior have been significant.
The European Union Data Privacy Directive and International Relations
Vanderbilt University Journal of Transnational Law
Steven R Salbu
2002 This Article explores the European Union Data Privacy Directive and its impact upon international relations. Part II provides a background upon which the Privacy Directive is built. In Part III, the Article confronts the differences between how the United States and its European counterparts address privacy issues generally. Part IV analyzes the Privacy Directive in detail, while Part V explores possible effects that the Privacy Directive might have on international relations.
Regulation of Borderless High-Technology Economies: Managing Spillover Effects
Chicago Journal of International Law
Steven R Salbu
2002