article thumbnail

When Good Employees Do Bad: Six Surprising Behaviors that May Precede a Scandal

Leading Blog

When we look at companies that have faced scandals such as recalls, ethical violations, or crimes, the problem often comes down to employees whose surprisingly positive behavior was distorted by a toxic culture and clueless leaders. A lot, in the case of French trader Jérôme Kerviel at the Société Générale banking group.

Budgeting 285
article thumbnail

Case Study: Can an Ethical Bank Support Guns and Fracking?

Harvard Business Review

As the founder and president of a new ethical bank focused on environmental sustainability, Jay McGuane realized that he and his board needed to set guidelines about which loans to approve and which to reject on “values” grounds. Ethical banking had seemed so benign when Jay had decided to enter the industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Life That Mattered

Your Voice of Encouragement

Me with my dad, James "Mike" Melancon On Sunday, November 25, 2012, my father died at the age of 90. His work ethic was something to behold. 2010 Family Reunion at Outer Banks He and my mother also taught us about love by the way they took care of each other and the way they treated us.

Bond 102
article thumbnail

It’s not being best, it’s setting the standard.

Strategy Driven

What high ethical ground have they achieved? If you look at the example of Bank of America, you see a century-old company who had set many standards and achieved global greatness. Copyright 2007-2012 by StrategyDriven, Inc. What about your company? What standards are they setting? Consider leaving a comment! All rights reserved.

article thumbnail

Should a CEO’s Bonus Be Based on Financial Performance Alone?

Harvard Business Review

On November 9, 2016, the shareholders of Australia’s largest company, and the world’s tenth-largest bank , revolted. The Commonwealth Bank appeared to shareholders as simply putting out a fire. ” The Commonwealth Bank is one among many firms around the globe that is forging new ground.

TSR 9
article thumbnail

The Big Picture of Business: The Business Leader as Community Leader

Strategy Driven

In eras following downturns and scandals, it is incumbent upon good companies to go the extra distance to be ethical and set good examples. No matter the size of the organization, goodwill must be banked. Copyright 2007-2012 by StrategyDriven, Inc. The Business Tree : Growth Strategies and Tactics for Surviving and Thriving.

Loyalty 58
article thumbnail

Jamie Dimon’s Pay Raise Sends Mixed Signals on Culture and Accountability

Harvard Business Review

million for 2012, a 74 percent increase. Dimon’s raise obviously has special resonance because JP Morgan’s legal woes were one of the top business stories last year as it agreed to $20 billion in payments to settle a variety of cases involving the bank’s conduct since 2005 when Dimon became JPM CEO.