Integrity

Business Proverbs: Day 25 – Avoid the Unfaithful Employee

2022-04-23T11:31:01-05:00May 25th, 2021|Tags: , , |

While in public accounting, I was assigned to perform multiple government audits in Georgia. On one occasion, a new accountant from New Jersey, Mike, was assigned to my team. On our final day, we had much to accomplish before catching our flights home. Then, the electrical power went out throughout the city. I decided to drive to the next town ...

Envy Leads to Disorder

2022-05-06T22:25:38-05:00April 30th, 2021|Tags: , , |

William Arthur Ward, poet of the early 20th century said, “Blessed is he who has learned to admire but not envy, to follow but not imitate, to praise but not flatter, and to lead but not manipulate.” When the line is crossed from admiration to envy, there is a shift in the heart. It is a shift of heart posture. ...

Cancel Culture

2022-05-08T15:23:34-05:00April 21st, 2021|Tags: , , , |

Country music star John Rich is working on a new song called “I’m Offended That You’re Offended.” He’s one of a handful of conservative performers who are taking a stand against the raging “Cancel Culture” prevalent in our nation. In a Newsmax interview, John Rich talks about a growing number of performers who believe that if they speak up about ...

False Evidence

2022-05-08T15:59:44-05:00April 16th, 2021|Tags: , , |

Seventeenth century historian, Thomas Fuller, said, “Even doubtful accusations leave a stain behind them.” A stain, a spot or a blip on the timeline of life that cannot be washed away. Being falsely accused hurts and can desolate families. Being falsely accused doesn’t hurt for a moment; it, as Fuller describes, “leaves a stain.” It’s a stain that is hard ...

Blinded by Peers

2022-05-10T10:20:56-05:00March 31st, 2021|Tags: , , , |

Highlighted by Jessica Kennedy’s Harvard Business Review article, a study of over 11,000 participants revealed that job promotions may make it more likely you will be blinded to the unethical behavior within the organization. Their study specifically found that when an organization wanted to lie, 39% of low-ranking employees would dissent. But only 14% of high-ranking employees were willing to ...

Pretenders and Posers

2022-05-10T10:54:48-05:00March 25th, 2021|Tags: , , |

There was a surgeon who came in occasionally to the bank where I worked. He would park his new Mercedes by the front door and brag about his car to our staff. He wore lots of jewelry and flashy clothes and loved to talk about his success. One day this surgeon met with me to request a loan. I discovered ...

Cutting Corners

2022-05-10T12:05:24-05:00March 22nd, 2021|Tags: , , |

When I began my banking career, I spent time investigating bank frauds. One of the frauds I worked on was that of a bank president who determined his significant pay wasn’t enough. This president began producing false travel expense reports, claiming that he was driving to headquarters, four hours each way, multiple times a month. His spending habits, however, continued ...

Blinded by Ambition

2022-05-12T18:28:35-05:00March 4th, 2021|Tags: , , |

A group of CEOs who met monthly invited me to visit their group. The host CEO of that meeting gave us permission to interview his “number two” person to learn about the inner workings of his business. During that session, we learned that our host was involved in a kickback, but his motivations to rapidly grow his business had blinded ...

A Costly Ethical Stance

2022-05-12T18:37:51-05:00March 3rd, 2021|Tags: , , |

In 2002, Bill Duffy’s client, professional basketball player, Anthony Carter, had an option to continue playing for the Miami Heat for $4.1 million. But Duffy, Carter’s agent, somehow forgot to make the necessary arrangements by the deadline. Because Carter had a challenging year in basketball that year, Duffy’s mistake cost Carter over $3 million in lost revenue. Many would dodge ...

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