Did this Board fatally misunderstand “Hands-out, noses-in”?

Each spring I enjoy leading Masters in Finance students through a business case I developed that covers real-world topics on Governance, Ethics and whistleblowing.  This year, I wished we had waited another month. Just yesterday, New York Community Bancorp, Inc. (NYCB) filed its Annual Report with the US Securities and Exchange Commission revealing a material…

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What Gary Lineker teaches us about Consequence Management

Watching the BBC dive into crisis over Gary Lineker’s tweet about the UK Government’s immigration policy underlined the importance of consequence management – a topic in two post-grad classes I’ve been teaching recently. For those not familiar with the players, Gary Lineker is a football (soccer) pundit in England, the BBC’s highest-paid contractor and pretty…

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Second Chances

At a recent C-Suite forum I was asked whether I believed that employees should be given second chances when it comes to ethical issues.  I like this type of question because it challenges organizations to think more deeply about the issue.  Of course, the simple – or perhaps the lazy – answer would be ‘yes,…

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In praise of professionalism

There is so much to unpack from Sam Bankman Fried’s compelling – and shocking – video interview with Andrew Ross Sorkin at the NYT/Deal Book Summit. For starters, though, some basics about Compliance. When asked to comment on what appears to have been an unsupervised, out of control environment (“like a bunch of kids on…

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