Friday, October 16, 2009

A Problem of Leadership: Insider Trading Scandal- Raj Rajaratnam, Robert Moffat, Rajiv Goel, Anil Kumar, McKinsey & Company, IBM, Intel Corp...Who can we trust?

-Ritsuko Ando, 10/16/09,  Reuters

I haven't kept up with this blog, but I felt I needed to post about the recent scandal regarding the Galleon Hedge Fund manager, billionaire Raj Rajaratnam, IBM's Robert Moffat, and others.

It is a question of ethics, and a question of leadership.  These guys might not be sports stars, but as business leaders, their actions have paved the way for thousands of B-School graduates to follow.  In good financial times, I suppose that much of this went un-noticed. 

It is happening in government, politics, and business, and it must be halted.

I came across and article that sheds light on this problem, written by psychologists Charles Shinaver, Ph.D.  It was written last year.  Many of Shinaver's comments still hold true.

The Paradoxical Long Term Solution to Solving the Destruction of the United States Economy:  Servant Leadership (12/1/08)