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Oh My God At You…

Sunday, June 10, 2007
Posted in: The Cowardly Lion, The Wizard of Oz

What do these seven people have in common?

Nick Leeson – Barings Bank Chief Trader
David Duncan – Arthur Andersen, chief auditor for Enron
Steve Jobs – Apple CEO
Scott Sullivan – Worldcom CFO
Andrew Fastow – Enron CFO
Dennis Koslowski – Tyco International CEO
Scarlett Chambers AKA Deborah Taylor – Venus Press owner

Answer?

All of the above companies (with the obvious exception) are/were huge concerns, and it only took a handful of people to bring them to their knees in one way or another. In the case of Nick Leeson, he single-handedly managed to bring down the oldest investment bank in the UK to the tune of £830m.

My point? A company is only as strong as its weakest link.

Ethics and professionalism count for a lot, and we all know that the bigger you are, the harder you fall.

Just sayin’.

5 Comments »


  • Anonymous
    June 10
    2:02 pm

    Um, what did I miss?

    ReplyReply


  • Arin Rhys
    June 10
    10:58 pm

    Ooo, snap!

    ReplyReply


  • MERLIN
    June 11
    7:32 am

    What’s this got to do with Wyoming ?

    M.

    ReplyReply


  • Gwen
    June 11
    6:08 pm

    Bernie Ebbers and WorldCom?

    Ralph Naccio and Qwest?

    Both of these companies brought down by a small group of people.

    And they couldn’t be more hated by those of us who worked for those companies.

    ReplyReply


  • Marianne LaCroix
    June 12
    7:40 pm

    *evil laugh*

    ReplyReply

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