Trust is up, according to Edelman PR’s Special Mid-Year Trust Barometer Survey, released on July 30, 2009. Following the January 2009 survey, which recorded the lowest trust levels in more than a decade of Edelman tracking, trust in business has stabilized. While trust in business has rebounded from 10-year lows in the United States, the … Continue reading
John C. Bogle, aka “Jack” is the founder of the first index mutual fund and a long term advocate “on behalf of individual shareholders,” according to an interview in May 2009 at the Morningstar Investment Conference. Bogle stated that this crisis is “much more catastrophic” than those of 1973-74 and the Dot Com bust due … Continue reading
The following five areas have been determined by Good Business International to constitute GOOD BUSINESS EXCELLENCE: Human Bottom Line The personal impact and responsibility of business on workers, consumers, and community. Ethical Action The value of personal values in for-profit business practice and execution. Profits and Purpose Making money while making a positive difference in the … Continue reading
Many definitions of Trust exist. Here are just a few for your reflection: “What is trust? I could give you a dictionary definition, but you know it when you feel it. Trust happens when leaders are transparent, candid, and keep their word. It’s that simple.” – Jack Welch, Former CEO, General Electric “Trust is a … Continue reading
When speaking at the Presidential Transition office in Washington, D.C. on January 8th to flesh out details of his economic stimulus plan, President-Elect Obama said, “Our problem is not just a deficit of dollars – it’s a deficit of accountability, a deficit of trust.” “Wall Street has not worked, our regulatory system has not worked the way … Continue reading
A December 17,2008 article in The Nation, Bernard Madoff, Trust-Buster, states, “Business runs on trust, and Bernard Madoff has busted it.” “Madoff has sown the seeds of suspicion everywhere. He has caused us to doubt men and women with whom we have done business with for years. There is no way of knowing if someone is … Continue reading
After the joyous and electrifying Election Night in Grant Park, Chicago on November 4, 2008, I recalled the last words of Senator Robert F. Kennedy after he won the California Democratic primary on June 5, 1968, “And now it’s on to Chicago, and let’s win there.” Here’s an excerpt from Robert Kennedy’s final words from … Continue reading
On this historic election day, a quote from Benjamin Franklin … “Well, Doctor, what have we got – a Republic or a Monarchy?” “A Republic, if you can keep it.” The response is attributed to Benjamin Franklin — at the close of the Constitutional Convention of 1787, when queried as he left Independence Hall on … Continue reading
In these challenging financial times, it is inspiring to hear the words of motivational speaker Anthony Robbins and the late, great Sir John Templeton, “The Dean of All Investing.” Tony Robbins’ Web site, www.thepowerofcrisis.com, includes an audio download by Tony Robbins on dealing with crisis and change. The site also offers a powerful interview with … Continue reading
Much has been written on the debate about the “moral hazard” of bailing out mortgage giants Fannie Mae and Freddie Mac. Economists use this term to apply to situations where a party believes it won’t have to face the full consequences of its actions. In the financial markets, moral hazard encourages big bets because somebody … Continue reading