Jane Fraser, who replaced Michael Corbat as CEO of Citigroup in March of 2021, follows a line of CEOs who have each tried unsuccessfully to change Citigroup’s culture and the resulting ongoing problems with risk compliance and internal controls.
The Con Docuseries More Widely Available
I have just learned that the documentary, The Con, a five-part investigative docuseries revealing massive frauds committed by large banks which led to the Great Financial Crisis, is being released through multiple channels… Apple TV, Amazon, Xbox, Vimeo, and Comcast On Demand.
Transparency, Integrity and the Institute of Banking Irish Style
Ireland continued to be a unique learning experience with my participating with some of the most esteemed organizations in the country. Throughout I was impressed with the emphasis each had regarding ethics in the banking culture and it was an honor to address these groups who are so focused on stamping out corruption in both… [Read More]
LA VERDAD INTERNACIONAL… │The Whistleblowers and Justice
The Siscriscom Network broadcasts TV programs internationally through its affiliated TV stations, cable and satellite networks, as well as through syndications. A featured prime time program is La Verdad Internacional, a weekly syndicated international affairs show that is broadcast throughout South America, many cities in the U.S. and now Africa. Their mission is to educate… [Read More]
The Whistleblower Newsroom; Is This a Conspiracy?
This last week I had the honor of being interviewed for The Whistleblower Newsroom, a podcast by whistleblowers, for whistleblowers, developed and hosted by journalists Celia Farber, TruthBarrier.com, and Kristina Borjesson. Although I had visited with Ms. Borjesson several times on the phone over the last three years, we first met last November at the… [Read More]
Brigham Young University: Practicing What They Preach
It is always a privilege to be invited to speak at a University to accounting and business students and their faculty. This last week I had that honor- of presenting to Brigham Young University’s Marriott School of Management and Wheatley Institution, to these groups on ethics and how important integrity is in the business world…. [Read More]
WLIW and WNET PBS Champion Playing By the Rules: Ethics At Work
Ethics is essentially doing the right thing regardless of other’s expectations. Doesn’t seem real complicated or difficult. You’d think that doing the right thing is something we would all instinctively do, yet given the magnitude of individuals and companies who so often do not “do the right thing,” teaching ethics, expecting ethical behaviors and applauding… [Read More]
What do Lehman Brothers, Enron, and Citigroup Have in Common?
What did WorldCom, Lehman Brothers, Bear Stearns, Washington Mutual, Enron, Tyco, HealthSouth, AIG, and many other well known companies have in common? In the last decade-and-a-half, we have seen some of the biggest accounting scandals in history. This last week, I had the privilege of speaking to the Texas Association of College and University Auditors,… [Read More]
Who’s Trying Now to Save Citigroup’s Soul?
The headline in last Saturday’s Wall Street Journal captured my immediate attention. “The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul”… What?? Supposedly, Citigroup is taking a “new” approach to the cultural and other issues they have had for years and have hired Dr. David Miller, a Princeton University professor, theologian and former banker to be their… [Read More]
All This Misbehavior, and No One Is Guilty!
In last week’s post, I shared the op-ed that I co-authored with Allen West, President and CEO of the National Center for Policy Analysis (NCPA), We Must Learn From the 2008 Crash or Repeat It …Soon. In the op-ed we pointed out that several recent indicators were somewhat alarming: the recent stock market roller coaster,… [Read More]
