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Real-Life Decision Making -- Solution

You recommend another company.

You tell yourself, "My CEO relies on me to give her the best recommendation. Even if my friend never, ever sells our customers' information, people know about his reputation. If our customers find out that our partner has sold private information in the past, they will not trust us, either."

You recommend another company to your CEO. The arrangement goes well and your CEO is pleased with you. Your friend is very disappointed that he did not get the contract. He tells you that you are a bad friend. You tell your friend that your responsibility to your company's customers comes first. You offer to help him draw up a good privacy policy for his own business.

Your friend refuses your offer. Nevertheless, you know that you have made the right decision.

This is the decision Merri Beth Lavagnino would make. She's the chief privacy officer at Indiana University.

"That is actually a large part of the job," says Lavagnino. "Not only is it reviewing and making recommendations... or sometimes directives that we're not going to do business with a certain company, it's also, 'We're not going to do that project.' A business unit inside your company might want to do something [which violates employee or customer privacy]."


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.