The ongoing global and national recession is in no small part due to a lack of ethical conduct by our leaders and institutions. While many believe that increased regulation by government is the answer, this author asserts the need for a return to moral and ethical behaviors. The educational leadership literature of the last two decades discusses the need for ethical and moral training of school administrators (Beck & Murphy, 1994; Fullan, 2003; Johnson, 2007, 2009; Sergiovanni, 1992; Strike, et al., 2005). Today’s practicing educational leaders and the professors who teach in school administrator preparation programs share a moral imperative to ensure our school leaders are prepared to model ethical and moral practices. This paper discusses key ethical principles and decision-making formats that should be an integral part of university preparation programs for school administrators and daily practice in the workplace. ACCESS FULL MANUSCRIPT AT: http://cnx.org/content/m35628/latest/