“There is a chronic culture of lying. We can’t possibly trust such a company. Shame on you.” Angry shareholder at a recent Toshiba meeting When Toshiba’s CEO recently tried putting a positive spin on the state of the company’s finances, distressed shareholders drowned him out. It seemed the truth was […]
Tag: Tesco
Slavery: how ethical business leaders can make a difference
“We remain confident that we took every practicable and reasonable step to ensure that the range would be ethically produced.”[spacer height=”20px”] Deputy Chief Executive Fawcett Society, about charity T Shirts revealed as produced in forced labour conditions. Guardian, 3rd November 2014 In 2013 a group of Lithuanian men bought passage […]
Another fine mess you’ve gotten us into
What’s another €94m fine between friends? The latest penalties on several banks for fiddling interest rates by running a cartel, is hardly the stuff of headlines. J.P. Morgan, no paragon of ethical performance in recent years, must pay €61m for crooked behaviour involving Libor, from 2008-9. Yet can you envisage the […]
The high cost of leaders who lose their moral compass
Little sympathy can be spared for bosses with a record of ethical failures. Often though, their resulting downfall proves the start of an incredibly costly and seemingly endless saga of damage repair as successors try to pick up the pieces. Almost simultaneously, both CEOs of global security companies Serco and […]