The current troubles at McDonald’s Corp. — involving allegations that former CEO Steve Easterbrook had improper relationships with several employees, and that he and the HR department engaged in a mutual cover-up of improprieties — have again revealed how corporate boards are often overwhelmed by charismatic and strong-willed CEOs.… Continue Reading
During most interviews, I’m asked this question or something like it: More companies than ever have compliance programs. Yet huge scandals keep making headlines. What gives?
To be fair, there’s plenty of evidence that compliance has failed: Volkswagen cheated on diesel emissions tests.… Continue Reading
The DOJ Friday charged the founder of Theranos Inc. and the company’s former chief operating officer with defrauding investors, doctors, and patients with phony claims about supposedly disruptive blood-testing technology.… Continue Reading
Theranos Inc. — once the most valuable medical technology start up in America — is now a slow-motion corporate disaster generating waves of bad news.
It’s a corporate disaster that didn’t need to happen.… Continue Reading
Everyone knows that “tone at the top” is important in the ethics and compliance area but the phrase has become a tired and hackneyed cliché. The recent public implosions of established companies and start-ups however, add a fresh perspective and meaning to the concept by illustrating what happens when a CEO or C-suite sets a toxic tone at the top.… Continue Reading