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.
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]
How to Lose or Gain Productivity and Profitability
In a recent post, I commented that once trust is lost it is challenging, at best, to restore it. Trust is an essential ingredient in all relationships, personal or business, whether on the factory floor, the boardroom, marriage or friendship. It is as Steven M. Covey, author of The Speed of Trust says, “it’s the… [Read More]
It’s About Trust, Stupid!
Leaders in the C-Suite are responsible for setting the strategic path a company must follow to achieve its desired performance and for determining the means by which those goals will be accomplished. However, achieving those goals and retaining their position and power to get those goals accomplished is not possible if they do not have… [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]
A Tribute to Ross Perot
Ross Perot was a legend. The eccentric Texan billionaire, lived a colorful and adventurous life, founding major companies and twice running for president as an independent. Mr. Perot handily passed the ethics test with flying colors, deliberately choosing to take a stand and doing the right thing. He knew ethics is good business and his… [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]
Carly Fiorina: A Force, a Change Agent and an Extraordinary Leader
According to Matthew Boyle of Fortune magazine, “Carly Fiorina didn’t just break the glass ceiling, she obliterated it.” And in the October 12, 1998 edition of Fortune, Ms. Fiorina was named “The Most Powerful Woman in American Business.” Ms. Fiorina did indeed break the glass ceiling… as Hewlett Packard’s’ first woman CEO and as the first woman CEO to… [Read More]
On my honor… the Compliance or Ethics Debate
Bruce Weinstein, a leadership strategist and consultant, writing in a Forbes magazine article points out that “High character leaders ask, ‘What is required of me,’ but they don’t leave it at that; the highly ethical ones also ask ‘What is the right thing to do?’” They ask: What would an honorable person do, how does… [Read More]
This is Not a fairy tale!!!
All children’s stories start with once upon a time and have heroes and villains. In this case, this story, while it involves children’s books, has a slew of villains who might yet triumph over the heroes. Baltimore’s Mayor Catherine Pugh resigned under pressure last week, after revelations that she made more than $500,000 selling her… [Read More]
