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He argued that unfettered markets are not free markets, and that unregulated greed is neither good ethics nor good social policy.
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Roosevelt told a frightened, destitute nation that unregulated greed is neither good policy nor good ethics, and that if we don't hang together, we'll hang separately.
CNN: Commentary: Is Obama overexposed?
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Mike Mayo, managing director of the banks group at CLSA, said that his peers need to understand that good ethics is good business, even though adhering to good ethics may take more effort.
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The Objectivist ethics holds that human good does not require human sacrifices and cannot be achieved by the sacrifice of anyone to anyone.
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"I'm sure the governor is going to continue the battle of making the ethics in Albany so good that we become the model for the country rather than one of the laughing stocks in the country, " Mr. Bloomberg said.
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They represent contemporary business ethics that have evolved since 1970, good business practice and an opportunity for building social capital and reputational good will.
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And it's just good brand management: Customers are increasingly aware of organizations' social ethics.
WSJ: Patagonia's Founder is America's Most Unlikely Business Guru
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What is more, good American tabloid journalists seem in scarce supply, probably a result of sharply varying ethics (think puritanical American professionalism versus anything-goes British ruthlessness).
ECONOMIST: Life in the global gutter
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Dr Vivienne Nathanson, head of science and ethics at the British Medical Association, said the advice provides "a good steer" for doctors on how to approach the difficult area of end of life care.
BBC: Medics to get end of life advice
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In the 200 years since Kant, a key principle of ethics has been that motivation must be free of self-interest, and intrinsically good, if it is to be recommended as a guide for behaviour.
ECONOMIST: Company goods