Tag: Governance
Unintended Consequences
More Pain: Finally. But who’s going to jail? According to the 2/2/18 article in the Los Angeles Times, the Federal Reserved ordered Wells Fargo & Co. to “cap its growth and improve its corporate governance.” This is supposed to be punishment for “widespread consumer abuses and other compliance breakdowns.” But who’s going to jail? And […]
Book Review: Everybody Matters by Bob Chapman and Raj Sisodia
I am grateful that I had Chapman’s book “on the shelf” (in the electronic reader) to read. I had just finished Jeffrey Pfeffer’s book, Leadership BS, and was pretty down based on what I had read. What a delight and contrast, to pick up Chapman’s and Sisodia’s book. It has renewed my faith in human […]
Milton Friedman Is Wrong
I think he has always been wrong, but then, legally, he was more right than I. Friedman once said in a 1970 NY Times Magazine article that “businesses’ sole purpose is to generate profit for shareholders.” The title of that article is “The Social Responsibility of Business is to Increase its Profits.” My understanding of […]
Conscious Capitalism
There seems to be a big movement towards businesses being more “compassionate,” “conscious,” and/or “triple bottom line oriented.” Maybe it’s the chaotic times causing everyone to be looking for meaning. I’m sure there are many, many books out there on the subject of developing meaning in chaotic times. A few have crossed my desk in […]
The crooked timber of humanity . . .
The wealthiest 1 percent of families owns roughly 34.3% of the nation’s net worth, the top 10% of families owns over 71%, and the bottom 40% of the population owns way less than 1%.
Public confidence . . .
Maybe Andy Grove was right after all – “Only the Paranoid Survive.” At least if you’re paranoid, you don’t have room for hubris – they just don’t go together. The public has lost confidence in “big business.” That’s not good for any of us.
Leadership Lessons From the Gulf – Part I.
A colleague asked and we explore the question: “The BP Gulf of Mexico Crisis is just gushing with leadership lessons. What do you think are the most important lessons leaders can learn from this?”
By the numbers . . .
This article discusses the imperative to understanding the financial statements for your company. There is little margin for error in this economy.
The beat goes on . . . .
A friend volunteers a the local public library where he sorts and prices the donated books for the used bookstore portion of the library. He knows I speak on Business Ethics and so he called the other day to announce that he had a “really old book” titled “Ethics in Practice.” It was first published […]
Book Review: The Triple Bottom Line by Andrew W. Savitz
It’s time to pull Savitz’s book off the shelf and re-read it! This 2006 book is more relevant now than ever and the surviving companies of this present economic reset will be employing many of the ideas discussed in the Triple Bottom Line. What is the “Triple Bottom Line (TBL)?” Savitz claims that we will […]