Listen, it’s easy to give speeches about how your department must maintain “the highest ethical standards.” That means nothing. Zero. Zip.
Talking about how honest you are doesn’t make it so. In fact, most veteran business people find such assurances worrisome. The folks with the cleanest record don’t discuss it. They let their actions do the talking.
Full disclosure or partial truth?
When I’m talking to employees about our plans for the next quarter, I can’t say, “This all depends on whether I negotiate a merger next week,” or, “Some of you in this room won’t be around by the end of next quarter because I’m canning you.”
To me, the No. 1 ethical dilemma is deciding how much to tell people. When you’re CEO, y...(register to read more)