In The Trust Edge, author David Horsager says, “Trust has the ability to accelerate or destroy any business, organization, or relationship. The lower the trust the more time everything takes the more everything costs, and the lower the loyalty of everyone involved. Trust, not money, is the currency of business and life.” Today, when news travels… [Read More]
So Why Is Wells Fargo Still In Business? Story of a Broken Culture.
The latest in the Wells Fargo scandals has me asking, why is America’s third largest bank ($1.95 trillion) still in business? And is its present CEO, Tim Sloan, the best person to head up the sanctions and changes the Federal Reserve mandated? The Fed has yet to remove the bruising penalties it imposed on Wells Fargo in February… [Read More]
From Shock to Shame to Change…the Volkswagen Story Today
In 2014 Volkswagen was one of the largest companies in the world, with factories in 31 countries, 500,000 employees worldwide and its products, from Audi to VW bugs sold in 53 countries across the world. It was an icon in the automobile industry. Owning a Volkswagen “Bug” was at one time a rite of passage…. [Read More]
The Press: Opinions, Facts or Lies?
Two weeks ago 350 plus newspapers in the U.S. had editorials decrying the present administration’s portrait of the news media as “the enemy of the people.” The New York Times editorial board headlined their missive: “A Free Press Needs You.” It quoted Thomas Jefferson who, in writing to a friend in 1787, the year the… [Read More]
Truth, Trust, Transparency: The Hijacking of FOIA
Last week following an initiative by the Boston Globe some 350 news organizations’ editorial boards published their views on the continual harassment they have encountered from our present administration. Our administration has called the press the “enemy of the people,” “very dangerous,” “sick,” and has labeled their reporting as “fake news.” As the Better Government Association… [Read More]
The Fed: Why They Must Engage Before It’s Too Late
In a recent NY Times article, Neil Irwin asks “What Will Cause the Next Recession?” He says, “The economic expansion in the United States celebrated its ninth birthday last month. If it survives another year, it will be the longest on record.” He challenges the status quo with, “But eventually something will kill it. The question is what, and… [Read More]
So What’s New: Wells Fargo Caught Again!
Wells Fargo will pay more than $2 billion for allegedly lying about the quality of subprime and Alt-A mortgages that secured residential mortgage-backed securities in the run-up to the 2008 housing crisis, the Department of Justice (DOJ) announced just last week. It was similar abuses in the mortgage-backed securities industry that led to the 2008 financial crisis that… [Read More]
Boards Must Take Responsibility!
In the recently released Ethics and Compliance Initiative (ECI), 2018 Global Business survey, the study found that even the minimum standard of E&C implementation produces very encouraging results. Without question, they established that ethical behaviors in an organization impact the bottom line. They also found that adhering to any of the 15 operational standards of… [Read More]
Ka – ching! Ethics Increases the ROI!
The Ethics & Compliance Initiative (ECI), the oldest ethics research and best practice community in the US, recently released the second installment of the 2018 Global Business Ethics Survey (GBES). The report’s findings focus on the impact that an ethics and compliance (E&C) program has in the workplace, and the return on investment (ROI) for program… [Read More]
Real News- Ethics and Eloquence!
Just this last week in Dallas, 1,200 members of the National Speakers Association, professional speakers from all over the globe, attended Influence 2018, the premiere conference for professional communicators in our industry. I was honored to attend this powerful hands-on conference that gave us state of the art expertise in business trends that in turn… [Read More]
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