SMG SM 131 Lecture Notes - Lecture 5: Insider Trading, Business Ethics, Imclone Systems
6 Apr 2016
School
Department
Course
Professor
Document Summary
Goldman, jpmorgan said to fire 30 analysts for cheating on tests : cheated on compliance test after 4-5 months of training, example of slippery slope, since meltdown, banks under more public scrutiny. See people who cheat on little, insignificant test as a risk. Unilever pressure other companies to help global warming/the environment: help leaders connect personal values with work. The most important thing about a leader isn"t skills but traits: values-based and purpose-driven. Mahindra: the number one reason people come and stay is the atmosphere of integrity. Casuistry a leader thinks they must subordinate their beliefs to do what is best for the company: lockheed martin makes airplanes. Had jet that couldn"t sell to anyone. Didn"t want to have to lay off employees so temporary solution. Prudence highly visible leady by example: drucker warns this can go south easily b/c can become obsessed with appearances.
