The 2008 financial crisis, the worst in our history and the egregious fraud, greed and corruption which led to it, impacted not just the banking world but businesses and individuals worldwide.
And, it could well have easily been prevented if best business practices had been followed.
For the last two years, my team and I have been researching and writing weekly on critical issues in business and government that impact our economy in three primary areas of focus: ethics, government policy and whistleblowing. Our goal was to explore the best and worst practices of management in these areas. And from these articles we have compiled the most popular to include in this book; giving you insights to several areas, in one place: my new book, “Business Ethics Lessons Learned…A Citigroup Whistleblower’s Perspective.“
With the overall lens of ethics you’ll find articles that illustrate and prove how critical ethical behavior is to the overall performance, productivity and shareholder value of a company. Those companies with the most ethical culture value feedback from their employees and take action to ensure that values are followed and preserved and become an integral way of doing business.
In the government policy area we explore how too many times government formulation of policy and regulations are antithetical to ethical behavior, do not hold people accountable and in turn how this continually harms our society and our financial well being.
The whistleblowing category discusses the many instances of where accepted unethical behavior drives more of the same behaviors within companies, industries and government. My personal experience as a witness to fraudulent practices led to becoming a whistleblower and eventually being banned from my profession. I can attest to, personally and professionally, how greed, corruption and a total disregard for stakeholders harms a company and society.
William D. Cohan, one of America’s most respected financial journalists and author of the recently released Why Wall Street Matters; House of Cards and several other best sellers was kind enough to write the Foreword that puts the financial debacle, the greed on Wall Street, and outrageous government behavior into a succinct perspective you’ll enjoy reading.
Special thank you’s to my colleague and editor Niki McCuistion and to GC Publishing for their hard work and dedication to make this book possible.
I hope you enjoy these articles and I sincerely hope they give you additional perspective in making management decisions that increase your organization’s overall success.
Look forward to hearing from you.
Warm regards:
Richard M. Bowen
The book is also available as an electronic download, viewable on all devices. Click here for ebook version. http://amzn.to/2qTuPvK
P.S. You can help get the word out about increasing ethics in business by:
- buying the book for yourself
- buying the book for a friend
- sharing the book on social media
- leaving a review on Amazon
Richard Bowen is widely known as the Citigroup whistleblower. As Business Chief Underwriter for Citigroup during the housing bubble financial crisis meltdown, he repeatedly warned Citi executive management and the board about fraudulent behavior within the organization. The company certified poor mortgages as quality mortgages and sold them to Fannie Mae, Freddie Mac and other investors.
Congratulations on the New book! I will purchase it this weekend at Local bookshop and suggest all who admire you (or wish to keep their company from losing its moral compass) do the same.
You might want to clarify above language about “eventually being banned from my profession” (which might imply to some that you were censured by regulators) to perhaps that you were blackballed by the Financial Services Industry for telling the truth about Citi’s crimes.
Thank you monday1929 for being a loyal reader. Note that the book presently is only available through Amazon.
Also, as it relates to being “banned,” the word “blackballed” might have been more technically correct, but I cannot discount the possibility of informal pressure from regulators given their complete lack of interest in pursuing any accountability on the part of the large banks.
Such books, albeit worthy of consideration for all concerned, they are never heeded by the proponents of economic upheavals and their subsidiaries in Governments.