Financial Institutions and a Lack of Ethics

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1 Response

  1. Luis Gimenez Zapiola says:

    Michael, your article is right on. We can even add the Enron, Worldcom and some Tax deals done by some large Financial Institutions to add to the list of unethical behavior showed by the industry. Fully agree with your recommendations and would also encourage the industry too look for an incentive to performance that incorporates ethics more strongly and in a way it can be measured. I know it is not an easy task but, unless we found a way to compensate employees in sales for their ethical and compliant performance and not only for their short term bottom line contributions, it will be hard to revert this culture.