Sunday, June 10, 2007

Oh My God At You...

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


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'.

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