Cardinal Stritch University
April 10, 2012
On March 14, 2012, Greg Smith, an executive director of Goldman Sachs, resigned. His resignation was the result of unethical and ineffective ethics issues within leadership at Goldman Sachs. Ethics is important in every aspect of life. Yet, it is very important in businesses. Ethic starts with integrity, honestly, dependability and trust. When we invest our money or time in someone or something of importance, we look for these qualities. We expect these qualities exist in the individual as well as the company. We want leadership that is honest, truthful, and that has integrity that is real about the ...view middle of the document...
“We rely on our people to uphold our culture of integrity in all that we do. Taking unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any unfair dealing practice is a violation of this Code”, (Goldman Sachs Code of Business Conduct and Ethics).
Greg stated, “It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. It had something to do with pride and belief in the organizations. I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years. I no longer have the pride or the belief”, (Smith, Greg, 2012, para 3).
How does real leadership influence its’ customers? Clorox influence their customers with respect and integrity. “Let me begin by making it clear that influence does not mean attempting to muscle a customer into behaving one way or another. Rather, influence comes from integrity and trust”, (Knauss, Don, 2010, para 2). He further states, “At...