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Category Archives: coruption
Risk cannot be conquered: Has Wall Street forgotten Machiavelli’s lessons?
In chapter 25 of Machiavelli’s Prince, we see the problem of fortune and the challenge it presents to a prince. In this instance, we are using fortune to refer to risk. The two are not exactly the same so one … Continue reading
Posted in change managment, coruption, culture, management, renewal Tagged #ows, environment, Hedge fund, hedge fund managers, Hurricane Katrina, Niccolò Machiavelli, politics, Prince, Wall Street 3 Comments
Tax Avoidance: Barclays and the death of Corporate Social Responsibility?
Tax Avoidance: Barclays and the death of Corporate Social Responsibility? Why do we pay taxes? Everyone grumbles about having to pay taxes and worries about paying too much, but how many of us worry about paying enough? How many of … Continue reading
Why do companies obey the law? Compliance in a self-regulated business is habit that needs to be nurtured.
One of the challenges faced by businesses is how sustain compliance with corporate governance rules. The recent corporate scandals such as Enron, WorldCom and others shows what happens when the internal corporate culture diverges from corporate governance. The challenge is … Continue reading
Posted in coruption, culture, management, phone hacking Tagged Business, Corporate governance, Enron, Human resources 1 Comment
The myth of the rogue employee: rotten barrels create rotten apples
Often people will say that a problem has happened because of one “rogue” employee (reporter, cop, trader, or whatever). This is a myth, a dangerous myth. Why is this a myth? All employees work and operate within an organisational context. … Continue reading
Posted in coruption, culture, management, phone hacking Tagged corruption, Employment, News Corporation, News of the World, organisational culture 5 Comments