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The Real Test for McKinsey After Rejecting CEO Kevin Sneader

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McKinsey’s pitch is that it helps clients compete at the leading edge of business innovation. It should apply this model to its own operations. Last month, McKinsey’s 650 global partners turned down CEO Kevin Sneader’s bid…

R-E-S-P-E-C-T: How can banks win it back

At a recent banking summit in China, the focus was on how international banks can regain the moral high ground. In response, Norman Chan, chief executive of the Hong Kong Monetary Authority, wrote a piece in the South China Morning Post that argues this will be difficult unless banks move from a shareholder model to a stakeholder focus. At Ethical Systems, we couldn’t agree more.

When companies- especially banks- prioritize short-term profits over the health of their long-term relationships and reputation, they invite ethical problems, long term costs, and the animosity of the general public. Yet, while the call to action is simple, the steps needed to get there are anything but.