Remove 2012 Remove Banking Remove Ethics Remove Innovation
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When Good Employees Do Bad: Six Surprising Behaviors that May Precede a Scandal

Leading Blog

For example, if a company claims it welcomes innovation and risk taking, but then only rewards employees who toe the company line and reinforce the status quo, sooner or later people will simply stop asking questions, innovating, and stretching themselves. Instead, they will conform in order to please their bosses. You know the rest.

Budgeting 285
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Compliance Alone Won’t Make Your Company Safe

Harvard Business Review

In 2012, a JP Morgan Chase & Co trader, nicknamed the London Whale , led the Chief Investment Office to lose $6.2 For example, Jamie Dimon, CEO of JP Morgan, said that since 2012 his bank hired an additional 13,000 people to work in the area of compliance. billion from a series of high-risk trades.

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The Problem with the Profit Motive in Finance

Harvard Business Review

has a new "white paper" out with the rah rah title, " Financial Services: Safer & Stronger in 2012." A few of the bullet points: • Banks insured by the Federal Deposit Insurance Corporation have $1.5 trillion in capital — the highest capital levels in the history of American banking. • The largest U.S.

Finance 13
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Why Men Work So Many Hours

Harvard Business Review

In late 2012, Bank of America announced that it was preparing to add more restrictions to its work-from-home program, reportedly to increase efficiency. For upper-middle class men, notes sociologist Michèle Lamont, ambition and a strong work ethic are "doubly sacred. It''s not innovation. Recent events confirm this.

Morale 10