Last week I closed my appearance on Bloomberg TV by announcing a call for an investigation by Congress into the Congressional Commission cover-ups. “So what’s the problem, Richard?” anchor Stephanie Ruhle, of Bloomberg Business asked. I countered back, “the lack of prosecutions as a result of the financial wrongdoings during the financial crisis. And the lack… [Read More]
Shooting the Messenger
It was an honor to be interviewed recently by Neil King and Samantha Early of Deutsche Welle, one of the largest broadcasters in the world. According to their website, they interact with 150 million across the world. On their weekly Worldlink program, they focus on showing the human side of top world stories. The interview was about… [Read More]
The Dallas Morning News: An Unsung Hero
Every once in a while events happen that really get to you. In the last decade I’ve sure had more than my share of these, but I have to tell you, this last Sunday’s article in the Dallas Morning News Business section about the incidents at Citigroup and my role in them, both exhilarated and… [Read More]
Too Big To Fail Survey
Too Big to Fail, a U.S. television drama film was first broadcast on HBO, May 23, 2011. Based on Andrew Ross Sorkin‘s non-fiction book Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves (2009), the film received public acclaim and 11 nominations at the 63rd… [Read More]
Whistleblowing for Dummies
In the last several months I’ve been posting my opinions about the Department of Justice, former Attorney General Eric Holder and numerous other thoughts about whistleblowing and the 2008 financial debacle; as well as my concerns that Citi and the Too Big To Fail Banks are now heading in the same direction that landed us… [Read More]
Is Citi the next AIG… ?
An interesting and disturbing piece of news just came across my radar. The Office of the Currency Comptroller’s most recent report of the total amount of derivatives held at the Big 4 banks shows that Citibank has surpassed JP Morgan, Goldman Sachs and Bank of America with $70 trillion in holdings, making it the single… [Read More]
Whistle blowing on the rise!
A recent Wall Street Journal article announced new winners benefiting from the last financial crisis- whistle blowers! Four whistleblowers will be receiving more than $170 million for helping investigators obtain a $16.6 billion penalty against Bank of America for inflating the value of its mortgage practices. According to Richard Moberly, law professor at the University… [Read More]
The Kellogg Case Study Award on Anti-Corruption and Inspiration
In my recent post on ethical and responsible leadership, I mentioned the international award for the Outstanding Case Study on Anti-Corruption, given by the United Nations Compact Principles for Responsible Management Education (PRME) and Giving Voice to Values (GVV) and presented at the North American Case Research Association (NACRA) conference: Through the Eyes of a Whistle-Blower:… [Read More]
A Call To Honor: Kellogg Case Study Award on Anti-Corruption
Not all is bleak in the realm of ethical and responsible leadership. I recently received news of the international award for the Outstanding Case Study on Anti-Corruption, given by the United Nations Compact Principles for Responsible Management Education (PRME) and Giving Voice to Values (GVV), which was announced at the North American Case Research Association (NACRA)… [Read More]
Whistleblowing Has a Price – Is It Worth It?
Being a whistle-blower is not what an individual strives to be. It comes with strings attached, yet the “errors” some employers make leaves no room for silence. Alayne Fleischmann, recently of JP Morgan Chase, is another example of employee observation of their company’s wrongdoing – and the need to report what is egregious wrong doing…. [Read More]
