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Credit Suisse pays DOJ $47 million to end Asia princeling investigation

Banking giant Credit Suisse Group AG said Wednesday it has agreed to pay a $47 million penalty to the Justice Department to end an FCPA investigation …

Credit Suisse

Diversity Experts’ Top 3 Mistakes That Are Slowing Down Progress

Until a fully inclusive, equitable company exists, proven “best practices” don’t exist either, one expert argues. Pretending otherwise is a strategic error.<p><i>This story reflects the views of this author, but not necessarily the editorial position of</i> Fast Company.<p>Companies have been working for years …

Kraft Heinz's Culture Crisis

On Wall Street, a good sell-side analyst researches and understands the company she/he is providing opinion on and, with the benefit of that knowledge, he/she provides buy/hold/sell guidance to the company’s investors and potential investors. It is noteworthy, then, that Robert Moskow, an analyst …

Leadership

Ser como August Landmesser en 1936. Ayer, hoy, siempre. https://t.co/xXgo21Mi7M

Credit Suisse Bankers Got Secretaries to Do Their Compliance Training

Every big Wall Street firm has an extensive compliance program, with elaborate protocols and training programs designed to make sure investment …

Credit Suisse

Power Can Corrupt Leaders. Compassion Can Save Them

In 2016 John Stumpf, then the CEO of Wells Fargo, was called before Congress to explain a massive scandal. For more than four hours, Stumpf fielded a range of questions about why the bank, which had over $1.8 trillion in assets, had created 2 million false accounts, and, after the fraud was …

How Two Years of Crisis Has Tested Volkswagen’s CEO

Matthias Müller discusses the path for VW following its emissions-test scandal, the challenge of car-sharing and the wrongness of Brexit<p>WOLFSBURG, Germany—Almost two years after U.S. authorities said Volkswagen AG had been cheating for a decade on emissions tests, Chief Executive Matthias Müller …

Carsharing

To Find Meaning in Your Work, Change How You Think About It

A wonderful <i>New York Times</i> article from 2007 recounted the 20th annual “Operator’s Challenge” — aka the “Sludge Olympics” — a competition for New York sewage treatment workers. The participants compete to show skill in their work, and often do so with great passion. Emily Lloyd, the commissioner of …

New York City

Volkswagen 'misused' me, accused executive tells judge | Reuters

BERLIN (Reuters) - Volkswagen AG (VOWG_p.DE) executive Oliver Schmidt, who is due to be sentenced this week in connection with the carmaker’s emissions scandal, has written to the judge to say he feels “misused” by the German company.<p>FILE PHOTO: Volkswagen's logos are pictured at the 45th Tokyo …

Research: We’re Too Busy to Follow the Rules

Image: Joshua Rawson Harris<p>Long hours spent working in a demanding environment can exhaust you, sure. But according to new research, there’s another …

More Training Won’t Reduce Your Cyber Risk

How many times have you had to watch your company’s latest cybersecurity training video? An entire industry now exists to train us humans to be smarter in how we operate computers, and yet the number of cybersecurity incidents continues to rise. Are the hackers always one step ahead? Are we …

Acclaimed French Chef to Michelin: Take My Stars, Please

LONDON — Sébastien Bras, at 46, one of France’s most celebrated chefs, has stunned the French culinary world with an unlikely plea: Take my three Michelin stars away.<p>Nearly two decades ago, Mr. Bras’s father, Michel Bras, helped raise vegetables to an art form in France, winning three Michelin …

'Performance-enhancing' drug that cost Lance Armstrong his seven Tour de France titles doesn't work, finds study

EPO, a supposedly performance-enhancing drug infamously used by cyclist Lance Armstrong before he was stripped of his seven Tour de France titles, …

This Email From Elon Musk to Tesla Employees Is a Master Class in Emotional Intelligence | Inc.com

Tesla, the electric-automobile manufacturer led by famed CEO Elon Musk, has struggled mightily with safety over the past few years. California nonprofit Worksafe, a worker safety advocacy group, recently made headlines when it reported that the injury rate at Tesla's Fremont, California, plant was …

Tesla

Apple CEO Tim Cook Delivers The 2017 MIT Commencement Speech | TIME

Tim Cook

How to cut smoking in poor countries

IN SOME rich countries ex-smokers now outnumber those who still puff on. But in many poor countries smoking is on the rise, particularly among men. …

How Corporate Values Get Hijacked and Misused

Leaders know company value statements often become nothing more than cosmetic window dressing. What appears less common is their understanding of the destructive consequences of allowing that to happen. They reflexively grasp for the culture lever, assuming the act of crafting and publishing a set …

Warren Buffett gives his employees “principles of behavior” and trusts them to do the right thing

Warren Buffett, the 86-year-old investor, is a folk hero as much for his plain-spoken wisdom as for his business prowess. He conceded that with 367,000 workers at the many huge corporations owned by his holding company, Berkshire Hathaway, some problems were inevitable. “As we sit here, somebody is …

France adopts corporate duty of vigilance law: a first historic step towards better human rights and environmental protection

<i>Want to know more about the French corporate duty of vigilance bill? Check out or FAQ!</i><p>PRESS RELEASE<p><b>21 February 2017: The French Parliament adopted a</b> …

Being an Ethical Business in a Corrupt Environment

Most business leaders hesitate to take a firm stand against corruption, even in environments where it is widespread. Some may see benefits from indulging in corrupt practices such as faster processing of permits or less interference from governmental officials. At the same time, the perceived costs …

Too Many Men Are Silent Bystanders to Sexual Harassment

We were blindsided and demoralized by news this month that a substantial group of male Marines had posted unauthorized and compromising pictures of female colleagues, ostensibly their sisters-in-arms, to a Facebook page where other men, including thousands of current and former Marines, made …

H&M to Boost Digital Payments For Supply Chain Workers

H&M will join the United Nation’s Better Than Cash Alliance, which aims to scale digital payments for factory workers and lift them out of poverty.

Samsung heir arrested in corruption scandal

The heir to the Samsung business empire has been arrested on corruption allegations.<p>The detention of Lee Jae-yong, Samsung's de facto leader, is an embarrassing setback for South Korea's biggest conglomerate. Lee is under investigation for his alleged involvement in the huge political corruption …

VW CEO Blows More Smoke Over Diesel Fraud

What can we learn from the Volkswagen emissions scandal?<p>The VW diesel emissions cheat continues to billow smoke and statements by VW executives continue to cloud the “matter.”<p>On January 7 the Feds nabbed senior VW executive Oliver Schmidt at Miami airport just before his escape back to Germany. …

Voluntary payments will mean UK manufacturing giant avoids being prosecuted by anti-corruption investigators<p>Rolls-Royce, Britain’s leading multinational manufacturer, is to pay £671m in penalties after long-running investigations into claims it paid bribes to land export contracts.<p>The settlement …

Corruption

Why It’s So Hard to Train Someone to Make an Ethical Decision

One of the conundrums of ethical decision making is that many moral decisions that are quite straightforward — even easy — to resolve in a classroom or during training exercises seem far more difficult to successfully resolve when confronted during actual day-to-day decision making.<p>Take the …

How a Culture of Silence Eats Away at Your Company

Most people think they will speak up when something negative happens at work, but few actually do. Take these examples from a recent survey we did with managers and employees:<p>“We had an assistant who created a very adversarial atmosphere. We walked on eggshells around her. People would rather do …

Watch Pope Francis Address Global Business Leaders

at the Fortune + TIME Global Forum in Rome.

'BLINK BLINK, NOD NOD': Highlights from the JPMorgan bribery case

The charges alleged that JPMorgan gave jobs and internships to friends and family of corrupt government officials, which would be a violation of the Foreign Corrupt Practices Act.<p>"During a seven-year period, JPMorgan hired approximately 100 interns and full-time employees at the request of foreign …