According to Merrill Matthews; Senior Fellow at the Institute for Policy Innovation, “We do not think a U.S. recession is imminent, but the threat is very real; the caution flags are waving. Nor do we think recessions are inevitable. Rather, they are almost always the result of misguided policies — sometimes exacerbated by the Federal Reserve Bank,… [Read More]
WE’RE BACK! …The corporate debt bubble strikes again!
Inflated bond ratings were one cause of the financial crisis and it looks as if we haven’t learned from that experience. Here we are ten years later and we’re heading down that path once again. People are concerned right now about an imminent recession for just cause. So how did we circle back? This… [Read More]
Too big to be held accountable?
Well the jury’s in. And the results are not good. It appears we are more lenient towards white-collar financial crimes than ever, with fewer financial crimes cited and lesser fines/settlements paid. In our present administration, fines and settlements against corporations have plummeted and prosecutions of individuals are falling to record lows. In the last administration the Department… [Read More]
How to Lose or Gain Productivity and Profitability
In a recent post, I commented that once trust is lost it is challenging, at best, to restore it. Trust is an essential ingredient in all relationships, personal or business, whether on the factory floor, the boardroom, marriage or friendship. It is as Steven M. Covey, author of The Speed of Trust says, “it’s the… [Read More]
It’s About Trust, Stupid!
Leaders in the C-Suite are responsible for setting the strategic path a company must follow to achieve its desired performance and for determining the means by which those goals will be accomplished. However, achieving those goals and retaining their position and power to get those goals accomplished is not possible if they do not have… [Read More]
Ethics: Speak Up, Lose Your Job!
What makes for an ethical leader? The formula is not complex. [bctt tweet=”An ethical leader consistently does what is right, even if it presents a challenge.” username=”RichardMBowen”] It’s not about being ethical in public and not in private. It’s not about valuing profit or celebrity above people. It’s not about taking advantage of your prominence… [Read More]
A Tribute to Ross Perot
Ross Perot was a legend. The eccentric Texan billionaire, lived a colorful and adventurous life, founding major companies and twice running for president as an independent. Mr. Perot handily passed the ethics test with flying colors, deliberately choosing to take a stand and doing the right thing. He knew ethics is good business and his… [Read More]
We’re getting better ethics grades!
How would you rate your company’s ethical culture? Here’s the good news… the corporate fraud and ethical scandals of the last ten plus years have shown a spotlight on the importance of ethics. According to the 2019 Ethics and Compliance Program Effectiveness Report, based on a survey of 480 ethics, compliance and legal professionals at large… [Read More]
Happy Birthday USA…Celebrating the 4th Of July
The 4th of July is about more than parades and fireworks. It is the celebration of the birth of the United States as an independent nation. On July 4th, 1776, the Continental Congress adopted the final text of the Declaration of Independence, as an official act taken by all 13 American colonies. The Declaration severed… [Read More]
Let’s Get Real!
Authentic is defined as being true to one’s own personality, spirit, or character; no pretensions. Recent studies emphasize that bringing the real you, the whole self, an authentic self to work impacts ethical behavior. According to Maryam Kouchaki’s recent research with Mahdi Ebrahimi and Vanessa Patrick, it seems that “enabling people to bring their whole selves… [Read More]
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