The venture capital industry has honored John Mumford, a founding partner in the Silicon Valley firm of Crosspoint Venture Partners, with its lifetime achievement award. But it was not just his skill in leading the early-stage venture firm to success that earned Mumford this respect; it was also his reputation for maintaining the highest standards of ethics in his dealings. Recently, the W. P. Carey School of Business inducted Mumford (Accountancy, '67) into its Alumni Hall of Fame. That evening Mumford shared a podium with William Huizingh, the now-retired professor who turned Mumford's life around while he was at ASU. Grateful former students, including Mumford, have endowed a teaching award in Huizingh's name. Now Mumford hopes to emulate his mentor by helping young people who are off to a bad start.

In early 2005, Hewlett-Packard's board of directors was embroiled in controversy. Board discord anonymously spilled into the media, and an effort commenced to find and plug the leaks of board deliberations. The probe has erupted into scandal, indictments and congressional hearings. Experts at the W. P. Carey School of Business say the HP saga is rich with lessons about corporate governance and ethics.