The ethics students learn and develop now will affect their actions when they become move into the workforce. As Professor Madhuri Bandla emphasized to the students, ethics and integrity are absolutely essential to the accounting profession. Sharing my experience and the actions I have witnessed is my way of helping those essential features become part of a young accountant’s education.
Recently I was asked to participate in AWTT’s Speaking Truth to Youth video series, which, in their words, “reflect AWTT’s belief that our portrait subjects are not superheroes but real people whose work is driven by moral courage and a passion for truth and justice.”
I spoke recently at the new Dallas campus of Texas A&M Commerce University to their graduate and undergraduate business students and alumni, with many others, including some Texas A&M financial planning students, attending virtually via zoom. Professor Jared Pickens, the organizer of the event, asked me to speak on “Ethics in the Last and Next… [Read More]
People are hoping that the Theranos case means that the DOJ will finally start prosecuting high-tech fraud, but many folks don’t think that this will necessarily mean that the DOJ has developed a spine for this industry. As the NYT writers pointed out, executives are rarely charged with fraud, and even less often convicted.
While our stories come from different industries, both situations involve manipulating people. All the similarities between our stories come down to one: Powerful people exploited those who lacked power in order to increase personal gain.
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.
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]
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 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]
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]