All Andre B. Lacy School of Business students must take the 200-level Business Ethics course. A new speaker series will enhance that experience.

This semester, the Lacy School of Business Ethics Series will feature two events and the series will return for the 2020-2021 academic year. Each semester will feature a keynote speaker as well as smaller, fireside chat-style events. The Ethics Series will bring in alumni, Indianapolis business leaders, and entrepreneurs from across the nation to share their experiences and training for all Butler students, staff, faculty, and the community to consider.

Tyler Shultz will be the first keynote speaker at 8:00 PM February 11 at the Schrott Center for the Arts. The event kicks off the series, which will continue in April with a student-focused talk in the Business Building. All Ethics Series events are free. No tickets are required.

Shultz was a 23-year-old employee for Theranos, the infamous $9 billion start-up that claimed to have technology that could detect diseases from one drop of blood. However, the technology never worked despite years of smoke and mirrors from founder Elizabeth Holmes. Shultz came forward to the Wall Street Journal. The article by John Carreyrou revealed research too good to be true and revenue that never was. The fiasco led to the HBO documentary The Inventor: Out for Blood in Silicon Valley and Carreyrou’s subsequent book, Bad Blood.

Associate Professor of Business Law Hilary Buttrick will moderate Shultz’s talk as well as a question-and-answer segment at the end of the event. She says students will get to experience how important being ethical in business practices can be from an entrepreneur only a handful of years older than them.

“Theranos was his first job out of college,” Buttrick says. “He was really going up against Goliath.

“I think that type of ethical fortitude, that type of ability to trust yourself to say ‘This isn’t right,’ that’s a really important lesson for students to learn. Even though you’re young and new, you  have the power, the right, and the obligation to stand up when things are wrong, even if you’re at the bottom of the corporate ladder. We think (Shultz) has a really important story to tell our students.”

Shultz landed well after the Theranos dust settled. He is the CEO and co-founder of Flux Biosciences, Inc., a Bay-Area start-up specializing in bringing medical-grade diagnostics into the homes of consumers by using technology to measure biomarkers related to stress, exercise, and fertility. His efforts were recognized by Forbes when he was named to their “30 under 30” Health Care 2017 list.

Buttrick says the speaker series will be integrated into class curriculum, in turn enhancing the learning experience.

“I can’t think of a better case study,” says Buttrick, adding that the February 11 event will count as a Butler Cultural Requirement. “Think about the things you’re learning in Business Ethics class; this guy had to do it.”

Lacy School of Business Dean Stephen Standiford says the Ethics Series will be a major part of the program’s push to be a Midwestern leader in business ethics education.

“Our goal,” he adds, “is to continue to infuse ethical practice and leadership development with our students, future leaders, and community as a whole.”

The Lacy School of Business Ethics speaker series is sponsored by Old National Bank.

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