Elizabeth Holmes dropped out of Stanford at age 19 to start a new career. She founded Theranos, which was a privately held health technology corporation initially touted as a breakthrough technology company in the blood-testing market. The money and glory were huge. In a few short years, Ms. Holmes grew the company to a valuation of $9 billion. Ms…. [Read More]
Corruption Rules!
The recently released 2019 Corruption Perceptions Index produced by Transparency International, the world’s leading anti-corruption coalition, shows some disturbing trends. The Corruption Perceptions Index (CPI) is an index published annually since 1995 by Transparency International, which ranks countries “by their perceived levels of corruption, as determined by ‘expert assessments’ and opinion surveys.” This year’s study highlighted the relationship between… [Read More]
The National University of Ireland Focus on Ethics
The last of my Ireland speaking adventures culminated at the National University of Ireland at Galway (NUI Galway), speaking to both students and alumni of their Executive MBA Masterclass on November 22nd and to their graduate students, faculty and alumni on November 25th, sponsored by the Whitaker Institute. NUI Galway is consistently ranked in the… [Read More]
Transparency and Ethics in Ireland
This coming week I’m off to Ireland where I’m presenting to several groups, Transparency International, Ireland, the Institute of Banking and the National University of Ireland. The core of each presentation is on ethics and integrity, using as a springboard my experience and resulting outcomes at Citigroup. I find that somewhat ironic given the present… [Read More]
The Fall of an American Icon
The lack of ethics has become a household norm. Whether it be in the political arena from which it is blatantly absent or in business, ethical violations have become the new normal. Still how disheartening to see a business we grew up with, our kid’s happy meal place, a pillar of our community be struck… [Read More]
How Will It Look in the Newspaper?
There has been a strong spotlight on nonprofits in the last several years, from taxation issues to ethical concerns. Unfortunately, a few nonprofits have made the headlines as a result of ethical and governance malfeasance and so more nonprofits are under scrutiny and overall have lost public trust. I had the honor recently of leading… [Read More]
WE’RE BACK! …The corporate debt bubble strikes again!
Inflated bond ratings were one cause of the financial crisis and it looks as if we haven’t learned from that experience. Here we are ten years later and we’re heading down that path once again. People are concerned right now about an imminent recession for just cause. So how did we circle back? This… [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]
We’re getting better ethics grades!
How would you rate your company’s ethical culture? Here’s the good news… the corporate fraud and ethical scandals of the last ten plus years have shown a spotlight on the importance of ethics. According to the 2019 Ethics and Compliance Program Effectiveness Report, based on a survey of 480 ethics, compliance and legal professionals at large… [Read More]
Let’s Get Real!
Authentic is defined as being true to one’s own personality, spirit, or character; no pretensions. Recent studies emphasize that bringing the real you, the whole self, an authentic self to work impacts ethical behavior. According to Maryam Kouchaki’s recent research with Mahdi Ebrahimi and Vanessa Patrick, it seems that “enabling people to bring their whole selves… [Read More]
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