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Lance Armstrong’s Collapse of Ethics (part one – NEED) – An indepth review by Chuck Gallagher ethics expert and author of the Human Side of Ethics

Illusions collapse!  The collapse under their own weight governed by the law of gravity.  If you pile too much bullsh*t on less than a solid foundation you will find yourself one day in a stinky pile of dung.  That, today, is where Lance Armstrong finds himself.  And the reality is – once you’re in it, it’s hard to dig your way out and ever get rid of the stench!

Lance ArmstrongHeralded as a true American hero, Lance Armstrong was revered as an icon – a man who beat cancer, was at the top of his athletic career and a pay-it-forward guy with his non-profit foundation Livestrong.  Today Armstrong’s past successes are dwarfed by his admission that he was a liar and bully.  But is Armstrong’s story any different that those of lesser know folks who find themselves in a Collapse of Ethics?  The patterns are the same only the names and circumstances change.

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Posted by Chuck Gallagher in ethics, fraud, Lance Armstrong, New Website, Scams and tagged , , , , ,

Lance Armstrong – A Collapse of Ethics – the transcript of Armstrong’s interview with Oprah Winfrey – the first of a four part series by Chuck Gallagher ethics expert

Armstrong InterviewBelow is a transcript of the first part of the interview with Oprah Winfrey by Lance Armstrong.

Oprah Winfrey: Did you ever take banned substances to enhance your cycling performance?

Lance Armstrong: “Yes.”

OW: Was one of those banned substances EPO?

LA: “Yes.”

OW: Did you ever blood dope or use blood transfusions to enhance your cycling performance?

LA: “Yes.”

OW: Did you ever use any other banned substances such as testosterone, cortisone or Human Growth Hormone?

LA: “Yes.”

OW: In all seven of your Tour de France victories, did you ever take banned substances or blood dope?

LA: “Yes.”

OW: Was it humanly possible to win the Tour de France without doping, seven times?

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Posted by Chuck Gallagher in ethics, Lance Armstrong, New Website and tagged , , ,

Medtronic features International Business Ethics Expert Chuck Gallagher at European Meeting

FOR IMMEDIATE RELEASE

Medtronic Gray and BlueChuck Gallagher, international Business Ethics expert was the featured keynote speaker at the Medtronic – Culture of Ethics and Integrity Meeting in Geneva, Switzerland on December 11th and 12th, 2012.

Medtronic, Inc. (www.medtronic.com), headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health, and extending life for millions of people around the world.

Focusing attention on the “Human Side of Ethics” Rob ten Hoedt selected Chuck because of his unique background and ability to deliver a compelling ethics message – one that will be remembered long after the meeting is over.  Rob ten Hoedt is the Senior Vice-President & President, EMEA & Canada, a role he has been in since 2009 and in which he is responsible for all sales and distribution of Medtronic products and therapies across these regions. He is a member of the Company’s Executive Committee (ExCom).

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Posted by Chuck Gallagher in Business and Personal Ethics, business ethics, ethics, ethics training, New Website, News Releases and tagged , , , , , , , , ,

Business Ethics at Work – IBE Ethics and Work Survey – Comments by Chuck Gallagher Business Ethics Expert

First I reported on the KPMG survey from India and now the Institute of Business Ethics published their “at work survey” which shows similar results.  Lack of workplace ethics is rising due to the pressures from our worldwide current economic situation.  There’s nothing like a good recession to bring out the worst in folks!  By the way the full report on the IBE’s survey is found HERE.

According to the British Guardian:

right-wrongThe IBE’s ethics at work survey, which was last carried out in 2008, asks employees about their attitudes to ethical issues in the workplace, their perceptions regarding ethical practices in their organizations and what formal assistance on ethical matters their organizations provide for them.

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Posted by Chuck Gallagher in ethics, Ethics - Political, ethics training, New Website, white collar crime and tagged , , , , , , ,

KPMG India Fraud Survey – Patterns of Crime – Business Ethics and Fraud Prevention Expert Chuck Gallagher Comments

KPMG India

White Collar Crime up and Business Ethics Challenged?  Is that any surprise considering the vast changes in the world economy over the past four years?  With high profile cases like Bernie Madoff and a host of others, I have been asked multiple times if we reached a point where “White Collar Crime” may be on the decline.  My response is “heaven’s no!”  In fact, there are three components of an ethical lapse and the proliferation of “White Collar Crime” and NEED is at the top of the list!

When the Economy stinks NEED IS HIGH…

To my left is a graph from a KPMG India Fraud Survey – the entire report is found HERE.    In their report KPMG states that “White-collar crime in corporate India has witnessed a ‘substantial increase’ over the last two years.”

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Posted by Chuck Gallagher in ethics, Ethics - Political, ethics training, fraud, Fraud Pure and Simple, New Website, white collar crime and tagged , , , , ,

Michael Van Gilder Indicted for Insider Trading – Van Gilder professes Innocence.

If your buddy or close friend shares information about what’s going on with their company, visit in your head (www.zipit.com – made up website) and keep your mouth shut.  You can’t know something that someone else does not know, act on it for personal gain, and expect to remain free.  Van Gilder, a young man, now faces substantial time in federal prison – something that is life changing.

Notice how simply his alleged crime started and how it mushroomed.  There is a lesson here for others to learn!

NEWS RELEASE

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Posted by Chuck Gallagher in Insider Trading, New Website and tagged , , , , ,

Rich Dad Poor Dad Ethics on the line – Robert T. Kiyosaki files for Bankruptcy. Choices Consequences and an Ethical Challenge!

Just a few days ago it was reported that Robert T. Kiyosaki of “Rich Dad, Poor Dad” fame filed for corporate bankruptcy through Rich Global LLC – one of his many companies.  Rich Global LLC filed for Chapter 7 bankruptcy protection on Aug. 20 in a Wyoming bankruptcy court.  The New York Post reported the following:

Robert T. Kiyosaki

Robert T. Kiyosaki

After a long, lucrative career writing financial self-help books and giving seminars, “Rich Dad Poor Dad” author Robert Kiyosaki has filed for bankruptcy for one of his companies after losing a $24 million court judgment.

Kiyosaki’s Rich Global LLC filed for bankruptcy after being ordered to pay nearly $24 million to the Learning Annex and its founder and chairman, Bill Zanker.

US District Judge Shira A. Scheindlin in April ordered Rich Global to pay up $23,687,957.21 after a jury ruled Kiyosaki must give the Learning Annex a percentage of his profits after using their platform for speaking engagements, including a 2002 gig at Madison Square Garden.

The challenge here, at least for me, is not the bankruptcy filing – rather it’s the ethical implication related to the filing.  The short version is that there was an agreement with the Learning Annex to promote Kiyosaki and his brand for a percentage.  By all accounts they did their part.  The challenge is they claim that Kiyosaki didn’t do his.  In other words he didn’t pay up.  Again the New York Post states:

Zanker told us, “I took Kiyosaki’s brand and made it bigger. The deal was I would get a percentage, and he reneged. We had a signed letter of intent. The Learning Annex is the greatest promoter. We put his ‘Rich Dad’ brand on a stage. We truly prepared him for great fame and riches. But when it was time for him to pay up, he said ‘no.’ ” This has taken years in court. I won even more money than I asked for from the jury, then he declared corporate bankruptcy. Oprah believed in him, and Will Smith believed in him, but he didn’t keep his promise to us.”

Mike Sullivan, CEO of Kiyosaki’s Rich Dad Co., told us that Kiyosaki, said to be worth $80 million, was still doing very well thanks to investments in other companies: “The dealings we had with Learning Annex were with a company that hasn’t been in business for a number of years . . . I am not surprised Learning Annex is upset and angry, the money doesn’t exist in that company, and we can’t bring money out of the group.

The core question – If a jury in a court of law says that you failed to honor your contract with a service provider and they establish an award as punishment, compensation, or justice for the failure that they found existed, is it ethical to use the legal system to avoid the consequence?

“Robert and [wife] Kim are not paying out of personal assets. We have a few million dollars in this company, but not 16 or 20. I can’t do anything about a $20 million judgment . . . We got hit for what we think is a completely outlandish figure.”

Reportedly work some $80 million, it would seem that Kiyosaki’s ethical limit is defined by money.  But is that right?  Certainly many would argue that the legal system is designed to protect one from unfair or unjust circumstances much like what I suspect Kiyosaki feels he received.  Yet, others would argue that justice was served at the hand of the jury and that Kiyosaki has an ethical moral obligation to honor the award and pay up.

But what if we take this to a higher plain.  Is it possible that short of paying up based on the idea that it is moral, ethical and founded in integrity, that failure to do so will create the desired outcome anyway?  Is it possible that when one violates, what to some is simple ethics, that reality is karma takes over and delivers the outcome or consequence anyway?

It is not up to me to judge – rather I am interested in the ethical questions and what you think.  YOUR COMMENTS ARE WELCOME!

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Posted by Chuck Gallagher in Business and Personal Ethics, business ethics, legal, New Website and tagged , , , , , ,

Bottom Line or Business Ethics – Which is more Important? Judith Samuelson’s article discusses – Chuck Gallagher Business Ethics Speaker comments…

There have been a flurry of articles lately about what and how business schools teach business ethics.  The most recent, an article written by Judith Samuelson on the HUFF Post Business section states the following:  “Research conducted by the Aspen Institute suggests that ethics IS taught in business schools, and, increasingly, with an eye to making it stick by embedding it in orientation programs, “learning journeys,” core course work and hands-on experience.”

Judith SamuelsonIt is in the first part of her article that I take exception.  As a business ethics speaker and author I see first hand what seems to be the norm for business ethics offerings in b-schools and it’s pathetic – at least that’s my opinion.  Samuelson goes on to say, “Business ethics goes by many names and the vast majority of schools in the Institute’s ranking of business schools require ethics or something that goes by the name of “social responsibility,” “social enterprise,” “social impact” or “leadership and values.””

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Posted by Chuck Gallagher in Business and Personal Ethics, business ethics, Business Schools, ethics, ethics training, New Website and tagged , , ,

Business Ethics education – moving beyond what’s illegal…how about focusing on choices and consequences!

For the past several days I’ve been noticing a series of articles about Business Ethics education and what should be taught.  Today I see Felix Salmon’s article: Business ethics need to move beyond what’s illegal where he says we should be more worried about unethical behavior in general rather than just teaching how to avoid criminal behavior.  I agree.  However, I would challenge Salmon in his belief that Business Ethics education even teaches about unethical criminal behavior.  From my experience speaking to a number of business schools as a business ethics speaker, I have found in polling students that the level Felix Salmonof education related to business ethics centers around ethical theories rather than practical real life application – whether criminal or not.

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Posted by Chuck Gallagher in Business and Personal Ethics, business ethics, ethics, ethics training, New Website and tagged ,

Business Ethics as a Core Course in Business Schools? What a novel idea…or do you prefer an Orange Jumpsuit and Handcuffs?

Business Ethics as a core course in Buiness schools: What a novel idea is right…  It seems that what is OBVIOUS sometimes is missed by the masses.  Honesty, integrity, and ethics are – or should be – the core foundation for which we operate in life.  Yet, as Luigi Zingales points out in his article: “Business School should count ethics as a core course” it appears that all to often those who are at the top of the business food chain seem to forget the core of business fundamentals.

Zingales, in his article, states: “Recent scandals at Barclays, JPMorgan Chase, Goldman Sachs and other banks might give the impression that the financial sector has some serious morality problems. Unfortunately, it’s worse than that: We are dealing with a drop in ethical standards throughout the business world, and our graduate schools are partly to blame.”

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Posted by Chuck Gallagher in business ethics, Business Schools, ethics, ethics training, New Website and tagged , , , , ,