My blog post relates to this article titled "Trustee: J.P. Morgan Abetted Madoff" by Michael Rothfeld. My question is what would drive leaders and management teams at one of the most successful corporations in the financial services to involve themselves with a scandal like this? This is a company that one would go to for investing and personal banking, but this is a serious blow to the companies judgement as well as reputation. Please share you opinions.
Thanks,
Dan Condon
I think a lot of it is that these executives feel that either they are above the law or that they can get away with manipulating their companies. I think it's driven by a desire for personal gain pushed by society's "what's in it for me" mentality alone with a lack of moral judgement.
ReplyDeleteScott
It's unfortunate to see how great leaders can be so heavily influenced by money. I would think they would know that their schemes are only short lived and it is only a matter of time before they are discovered. They should learn from other CEO's and realize that in the long run it is not worth it.
ReplyDeleteLiz Ramirez