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]
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]
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]
This is Not a fairy tale!!!
All children’s stories start with once upon a time and have heroes and villains. In this case, this story, while it involves children’s books, has a slew of villains who might yet triumph over the heroes. Baltimore’s Mayor Catherine Pugh resigned under pressure last week, after revelations that she made more than $500,000 selling her… [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]
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