If one employee offends against a bank’s vision and values, it is [his or her] fault. If 5,300 do, it is the bank’s. Wells Fargo has proved that its culture is a hopeless safeguard to anything. The people who have really transgressed are not the rank and file, but the top managers who set up the wrong incentives and who looked the other way as customers were stitched up.It really IS about the incentives.
Blogging about all sorts of things--governance in higher education, in businesses, and in law firms; bankruptcy ethics; popular culture & the law; Enron & other corporate fiascos; professional responsibility generally; movies; ballroom dancing; and anything else that gets my attention.
Showing posts with label Psychology. Show all posts
Showing posts with label Psychology. Show all posts
Monday, September 19, 2016
Lucy Kellaway is correct.
In today's Financial Times piece:
Tuesday, March 22, 2016
Thursday, December 03, 2015
Monday, October 19, 2015
A cool article about luck.
Forwarded to me by the wonderful Tom Piechota, who read it in Southwest Airlines's monthly magazine (here).
Monday, October 27, 2014
Friday, June 27, 2014
My article on incentives and default rules in law firms is out at last!
See here.
Friday, March 28, 2014
Friday, March 21, 2014
The Akron Law Review ethics symposium issue is out.
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