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]
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]
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]
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]
You’re Not Welcome In My Airspace!
Will Boeing ever win back its foremost place in business? Boeing, once the world’s preeminent airline maker has been found seriously wanting, resulting in trust repercussions, the most recent of which is Germany’s refusal to let Norwegian into its airspace to transport one of its 737 Max planes. As a result, Norwegian, which was attempting… [Read More]
Carly Fiorina: A Force, a Change Agent and an Extraordinary Leader
According to Matthew Boyle of Fortune magazine, “Carly Fiorina didn’t just break the glass ceiling, she obliterated it.” And in the October 12, 1998 edition of Fortune, Ms. Fiorina was named “The Most Powerful Woman in American Business.” Ms. Fiorina did indeed break the glass ceiling… as Hewlett Packard’s’ first woman CEO and as the first woman CEO to… [Read More]
On my honor… the Compliance or Ethics Debate
Bruce Weinstein, a leadership strategist and consultant, writing in a Forbes magazine article points out that “High character leaders ask, ‘What is required of me,’ but they don’t leave it at that; the highly ethical ones also ask ‘What is the right thing to do?’” They ask: What would an honorable person do, how does… [Read More]
Flying is Safer Than Driving? Did Boeing say that?
Every day thousands of flights take off from airports worldwide. We are routinely told flying is less hazardous than driving and so we put our lives in the hands of airlines who supposedly have our best interests at heart. That premise now needs to be deeply scrutinized. If we can’t trust our major airline carriers,… [Read More]
How to Stamp Out Fraud!
Is your organization immune from fraud? The 2019 Annual Fraud Conference recently held at the University of Texas at Dallas gave practical steps to assure you are. The conference was an outstanding success and I was honored to have been part of it once again. The conference attendees; internal auditors, CPA’s, faculty and students, learned… [Read More]
Everybody Lies!
You can’t pick up a newspaper, turn on a news channel or be online without getting the latest on the college admission bribery scandal. In fact, a federal college admissions probe has led to the criminal indictment of more than 50 people nationwide and sparked a class action lawsuit. This latest round involves lying, cheating… [Read More]
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