Dr. Torres retired from active teaching in 2025 and now focuses on research. He joined the Busch School of Business in 2014 and taught courses in Business Ethics; Organizational Behavior; Leadership; Classical Leadership; and Sportsmanship, Leadership and Ethics. While a member of the active faculty, he undertook many administrative tasks including directing the Strategy, Management, and Operations Area at the Busch School (2014-2018). He was the inaugural holder of Catholic University's *Centesimus Annus Della Ratta Family Endowed Professorship* (2015-2025)*,* and separately a recipient of the Novak Award from the Acton Institute in Grand Rapids Michigan (2004). His work primarily concerns the issue of freedom and the importance of virtues and principles to using it well; the oft-overlooked management responsibility for harnessing the intangibles that underlie empirical results; and the crucial role of self-control in preserving the free market economy. Dr. Torres was educated in Finance and Applied Economics at the Undergraduate School of Business at the University of California, Berkeley (B.S. 1981); in Law at Harvard Law School (J.D. 1992); and in Business Ethics at the IESE Business School of the University of Navarra, Barcelona, Spain (Ph.D. 2001). HIs first career was in brokerage and investment finance. He taught at IESE and the Catholic University of America for most of his 33-year academic career, but taught for two years at Dartmouth's Tuck School of Business, and additionally for six years as a professor of Business Associations, Securities Regulation, and Professional Responsibility at Ave Maria School of Law, and Ohio Northern University's Pettit College of Law. - [ Curriculum Vitae ](https://business-stg.catholic.edu/sites/business.catholic.edu/files/2026-04/cv-mbt-3-23-26-long.pdf) Education - A.A., Economics, City College of San Francisco - B.S., Business Administration (Finance and Applied Economics), University of California, Berkeley - J.D. Law, Harvard University - Ph.D., Business Ethics, University of Navarra Expertise - Business Ethics - Ethical Decision Making - Sportsmanship - Leadership and Ethics - Classical Leadership Courses - Business Ethics - Ethical Decision Making - Sportsmanship - Leadership and Ethics - Classical Leadership Publications PEER-REVIEWED JOURNAL ARTICLES 2026 “Echoes of Reality: Vestiges of Philosophical Realism in Business Law,” *Journal of Markets and Morality*, forthcoming, with Radich, P. (Final review) 2021 “How to Deter Financial Misconduct if Crime Pays,” *Journal of Business Ethics*, 06 May, , with Klimczak, K.M., Sison, A.J.G., Prats, M. BOOK CHAPTERS 2009 “Getting Business Off Steroids” in Doing Well And Good: The Human Face Of The New Capitalism, Ed. Friedland, J., Information Age Publishing, Inc., Ethics in Practice Series, Ch. 1, pp. 3-29 2005 “Is There a Relationship Between My Success and Significance?” in A Virtue-Based Business Ethics, Eds. Gregg, S. & G. Zandstra, Acton Center for Entrepreneurial Stewardship, Ch. 5, pp. 131-148 • Includes two short case studies: “David Duncan” and “The Demise of Arthur Andersen” 2003 “Family, Human Capital and Economic Sustainability” (Published in German as “Familie, Humankapital und Zukunftsfähigkeit”), in Demography and Welfare: New Priority for the Family in Economy and Society (German title: Demographie und Wohlstand. Neuer Stellenwert für Familie in Wirtschaft und Gesellschaft), Ed., Leipert, C., Leske + Budrich, Opladen, pp. 223-237 • Paper delivered at the conference entitled Demography and Prosperity: New Priority for the Family in Economy and Society, Berlin, Germany (2002) • Sponsored by the Circle of Cooperation for Family and Social Policy, International Human Foundation (Koordinationskreis Familien und Gesellschaftspolitik, Internationale Stiftung Humanum) 2001 “Personal Leadership” (Published in Spanish as “Liderazgo personal”), in Paradigms of Leadership: Keys to the Management of People (Spanish title: Paradigmas del Liderazgo: Claves de la Dirección de Personas), McGraw Hill Interamericana de España, Ch. 8, pp. 115-129 (with Maria Nuria Chinchilla) BOOK REVIEWS 1991 Abortion: The Clash of Absolutes, by Laurence Tribe, 1990, Recent Publications, in 14 HARVARD JOURNAL ON LEGISLATION 282 2011 The Big Short: Inside the Doomsday Machine, by Michael Lewis, in 14:1 JOURNAL OF MARKETS & MORALITY 216, Spring CASE STUDIES • IESE Publishing Case Studies, Research Papers and Technical Notes are available at: http://www.iesep.com/en/catalogsearch/advanced/result/?namecustom=Max+Torres&p=1 2002 “Marshall Bradley at Hoffman Lucas” (A-C), IESE Publishing, TD-147E, 148E, 149E (with Joseph Harder) 2001 “Salomon Brothers” (A-D), IESE Publishing, TD-146E, 150E, 151E, 152E (with Christopher Golembiewski) 1999 “Welcome to E.G. Financial,” IESE Publishing, FH-665E 1996 “The Dodge vs. Ford Dividend Controversy,” IESE Publishing, TD-109E 1996 “Storm on Wall Street” (C), IESE Publishing, TD-110E (with Domènec Melé) 1996 “John Bak—Postscript” IESE Publishing, DP-117E JOURNAL COMMENTARIES 1991 Employment Division, Department of Human Resources of Oregon v. Smith, 494 U.S. 872 (1990), Recent Development, in 14:1 HARVARD JOURNAL OF LAW & PUBLIC POLICY 282 (Winter) RESEARCH PAPERS 2001 “Character and Decision-Making,” Ph.D. dissertation, IESE—University of Navarra • Addresses the use of freedom in decision-making, the issue ultimately at the heart of ethics 1998 “Ethical Decision-Making Models,” Research Paper No. 358, IESE—University of Navarra • Chapter 6 of Ph.D. dissertation, “Character and Decision-making” 1997 “Survey of Theories Employed in Business Ethics,” Research Paper No. 349, IESE—University of Navarra • Chapters 3, 4 & 5 of Ph.D. Dissertation, “Character and Decision-making”