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]
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]
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]
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]
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]