The lack of ethics has become a household norm. Whether it be in the political arena from which it is blatantly absent or in business, ethical violations have become the new normal. Still how disheartening to see a business we grew up with, our kid’s happy meal place, a pillar of our community be struck… [Read More]
LA VERDAD INTERNACIONAL… │The Whistleblowers and Justice
The Siscriscom Network broadcasts TV programs internationally through its affiliated TV stations, cable and satellite networks, as well as through syndications. A featured prime time program is La Verdad Internacional, a weekly syndicated international affairs show that is broadcast throughout South America, many cities in the U.S. and now Africa. Their mission is to educate… [Read More]
How Will It Look in the Newspaper?
There has been a strong spotlight on nonprofits in the last several years, from taxation issues to ethical concerns. Unfortunately, a few nonprofits have made the headlines as a result of ethical and governance malfeasance and so more nonprofits are under scrutiny and overall have lost public trust. I had the honor recently of leading… [Read More]
Boeing and the Perfect Storm
A new report from the Joint Authorities Technical Review (JATR) panel, convened by the FAA in April following two fatal crashes in less than five months involving the Boeing 737 MAX 8, said the plane’s new flight control system, called the Maneuvering Characteristics Augmentation System (MCAS) was not evaluated in concert with other systems. MCAS has been implicated… [Read More]
Are we a “Banana Republic”?
In journalist Tom Mueller’s newest work, Crisis of Conscience: Whistleblowing In An Age of Fraud, he makes a case for how the United States, which was founded on the premise of “equal justice under law” has become a “banana republic.” The 600-page book covers some 200 plus interviews with whistleblowers, which includes me and the… [Read More]
So, What’s With CEO Pay???
Since the Business Roundtable announced its new purpose of business and de-emphasized the role of profits and long-term value to its shareholders, many articles have fostered the reasoning behind it, including my own. In fact, while their new purpose was praised by many, it also received criticism from others, including the Wall Street Journal. Most… [Read More]
It’s Just Good Business…
The recent Business Roundtable (BRT), which includes CEO’s of some of the largest companies in America, revised their definition of the purpose of a corporation. The revised purpose statement, signed by 181 of their members, has focused more attention on ESG, environmental, social and governance issues. For the first time in the history of BRT,… [Read More]
We Owe a Big Thanks to Felicity Huffman
So how do you view the recent sentencing of Felicity Huffman, the Desperate Housewives actress? Something to consider… what does the sentence she was given signal to society? Was it appropriate for bribing? Or does the sentence, including the fine, merely represent getting her hand slapped? I believe it signals a bigger issue, and as… [Read More]
ESG and the “New” Business Purpose
ESG, not a cooking spice, is at the heart of a new business model. In fact, ESG (Environmental, Social, Governance) is at the core of this August’s Business Roundtable (“Roundtable”) new statement of business that redefines the purpose of a corporation to promote “an economy that serves all Americans.” This new purpose was briefly discussed… [Read More]
Purpose or Profits? Can we have both?
Milton Friedman, the 1970’s Nobel economist stated that “… there is only one social responsibility of a business, to engage in activities designed to increase its profits.” And for over 47 years, the Business Roundtable (“Roundtable”), an association of CEOs of 193 companies with over $7 trillion in revenue and almost 15 million employees, followed… [Read More]
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