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’.
Anonymous
June 10
2:02 pm
Um, what did I miss?
Arin Rhys
June 10
10:58 pm
Ooo, snap!
MERLIN
June 11
7:32 am
What’s this got to do with Wyoming ?
M.
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.
Marianne LaCroix
June 12
7:40 pm
*evil laugh*