Richard Bowen

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July 25, 2023 By Richard Bowen

Speaking to a UT Dallas EMBA Class

It was an absolute pleasure to speak to the graduating class of the Executive MBA program at the University of Texas at Dallas recently. Students in this highly ranked program have an average of seventeen years of work experience in industry before earning their coveted EMBA graduate degree.

Richard M. Bowen speaks about business ethics and ethical corporate culture to a UT Dallas Executive MBA class.

The students I addressed were taking Professor Diane McNulty’s class, Current Trends in Board Governance. I spoke about the importance of ethics in the corporate environment and many of the lessons to be learned from my experience at Citigroup, which was the largest bank in the world going into the 2008 financial crisis.

We discussed how the lack of ethics at Citigroup and the other large banks caused the massive frauds which led to the financial crisis, with our government then covering up the true fraudulent behavior and bailing out the banks at the ultimate cost of trillions of dollars.

We also had a lively discussion about research identifying how one can determine if a corporate culture is an ethical corporate culture, with many of the students sharing their own stories of dealing with questionable behavior in their own companies.

Additional discussion centered on the Corruption Perceptions Index (CPI), calculated annually by Transparency International, which ranks the 180 countries of the world from most ethical to least ethical. This most current CPI listing shows that the United States, ranked #24, continues to slip in the rankings, with 23 countries of the world reflecting less corruption than the USA.

The in-depth interaction with these students reflected their significant work experience and showed their personal understanding of the importance that ethics play in the workplace and the extreme costs that unethical behavior can cause.

Tenth Anniversary of Speaking to UTD Cohort Full-Time MBA Program
Thanks to Whistleblowers, the State of Texas May Finally Get Rid of this Legal and Ethical Embarrassment

Tagged With: EMBA, Speaking, UT Dallas

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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.

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What People Are Saying About Richard M. Bowen

William D. Cohan"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst."

~ William D. Cohan, NY Times Best Selling Author
2017-06-30T10:08:59-05:00
"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst." ~ William D. Cohan, NY Times Best Selling Author
https://richardmbowen.com/testimonials/2556/

Eileen McDonnell"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger."

~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
2015-02-13T19:51:19-06:00
"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger." ~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
https://richardmbowen.com/testimonials/711/

Ben Stein"Richard Bowen, you are a star and a hero."

~ Ben Stein, Economist and Political Commentator
2015-02-13T19:50:26-06:00
"Richard Bowen, you are a star and a hero." ~ Ben Stein, Economist and Political Commentator
https://richardmbowen.com/testimonials/712/

Jim Farrell"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership."

~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
2014-12-28T19:48:17-06:00
"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership." ~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
https://richardmbowen.com/testimonials/532/

Dennis McCuistion"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years."

~ Dennis McCuistion, Host of the McCuistion TV program
2014-12-28T19:48:06-06:00
"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years." ~ Dennis McCuistion, Host of the McCuistion TV program
https://richardmbowen.com/testimonials/533/

Betty Garrett"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!"

~ Betty Garrett, Garrett Speakers International
2014-12-28T19:47:50-06:00
"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!" ~ Betty Garrett, Garrett Speakers International
https://richardmbowen.com/testimonials/531/

fred-timmons"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences."

~ Fred Timmons, Chairman of The Texas Society of CPA's
2014-12-28T19:47:22-06:00
"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences." ~ Fred Timmons, Chairman of The Texas Society of CPA's
https://richardmbowen.com/testimonials/530/

Presentation Topics

Playing for High Stakes: The Principles and Practice of Ethical Leadership

Dark Citi: The Story of a Whistleblower

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Recent Posts

  • Tenth Anniversary of Speaking to UTD Cohort Full-Time MBA Program
  • Speaking to a UT Dallas EMBA Class
  • Thanks to Whistleblowers, the State of Texas May Finally Get Rid of this Legal and Ethical Embarrassment
  • Who follows the Sarbanes Oxley Act?
  • Resisting Corporate Corruption at the University of North Carolina

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About Richard

Now an ethical leadership speaker, Richard Bowen was Citigroup's Business Chief Underwriter during the housing bubble.

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