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Penn State and the Trustworthy Organization

Posted by Robert Hurley on Friday, July 13, 2012, In : Articles 
The Freeh report on the Penn State Sandusky child abuse case is now out and it confirms much of what we know about why some organizations produce major trust violations.

1. Individual leaders failed to exercise appropriate stewardship and ethical decision making
2. The Board of Trustees failed to proactively hold management accountable
3. Weak and overly decentralized HR and Compliance functions failed to contain risk.
4. The Penn State culture valued sports and image over transparency, ethics an...
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Europe in a state of low trust towards Greece

Posted by Robert Hurley on Saturday, February 11, 2012, In : Articles 

Greece badly needs a bailout from the stronger economies in Europe but the finance ministers in these countries seem to have grown skeptical of the commitments coming from Athens. Ministers vented their frustration in public as well. “We cannot live with a system where promises are made and repeated and repeated and implementation measures are from time to time too weak,” said Jean-Claude Juncker of Luxembourg, who chairs meetings of the 17 euro zone finance ministers.

The response to ex...

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Judge Rakoff Stands for Truth and Restoring Trust

Posted by Robert Hurley on Tuesday, November 29, 2011, In : Articles 
Judge Rakoff once again stands for restoring trust by insisting that the SEC provide facts concerning wrong doing rather than settling out of court and allowing Citibank to claim no wrong doing. He rejected a 285 million dollar settlement because there was not real agreement concerning the truth about what Citibank did wrong. The alleged betrayal of trust was in concealing the fact that they had deliberately designed an instrument to fail, like Goldman's Abacus deal. It was alleged that they ...
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Restoring Trust is the Solution - Not Occupying Wall Street or Washington

Posted by Robert Hurley on Tuesday, October 11, 2011, In : Articles 

The genesis of the protests on Wall Street and among the Tea Party are the same: frustration with the institutions (Business an d Government) that appear to many to have breeched our trust. How refreshing that we are finally seeing democracy at work and the righteous anger that may lead to accountability of these fundamentally flawed trustees.

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