This paper aims at exploring the relationship between corporate wrongdoing and CEOs’careers. We hypothesize that the managerial labor market does not punish CEOs of companies involved with wrongdoing. The analysis of data on 16 companies charged by the SEC supports this hypothesis.

This study aims at discussing Global Business Citizenship Experiments (GBCE) as adaptation and selection mechanisms in organizations. GBCE are processes used by companies operating abroad to deal with discrepancies between their own principles and values and local norms, or the lack of them. I argue that these processes lead to adaptation of the individual companies to their environment, and to the evolution of organizational forms in the population.