Anything that one reads on setting the “tone at the top, had to be disappointed in the stories of the CEO of Walmart knowing about the bribery issues with Mexico, and JP Morgan being ordered to improve their compliance training. Now I find that I’m part of a class action law suit of homeowners, against Chase for lowering my home equity amount available based on my home, being devalued due to the recession. It has been deemed unlawful .
What a tone at the top! What does this say to employees, customers, vendors, suppliers and competitors? It just seems that no matter how much ethics is stressed, it doesn’t seem to be valued to those leaders.
What are the consequences to work for companies in which the senior level leaders ”march to a seemingly different drummer?”
Why must the government spend obscene amounts of money to investigate, and prosecute such examples? Shouldn’t ethics and ethical leadership be inherent in top leadership?
These types of situations never seem to end and get very tiring. The “bottomline” seems to the motivating factor to “play the odds” of the chance being found out.
Is this kind of stuff legal? I’m not a lawyer so I can’t tell you. Is this type of behavior, if proven true, ethical? Absolutely not. A crucial issue, for me, is the same old song of, if it can be proven that one is not guilty, then one acted appropriately.