Just before signing The Stock Act which now makes it illegal for members of Congress and their staff to profit from inside financial information, President Obama declared, “The powerful shouldn’t get to create one set of rules for themselves and another set of rules for everybody else.” In 2004, I once asked a well-connected financial guy why someone like businesswoman and billionaire Martha...

Global Investment banking giant Goldman Sachs lost $2.15billion of its market value the day after London-based employee Gregory Smith told the world in a New York Times Op-Ed that the company is not only “toxic and destructive,” but is only interested in “How much money did we make off the client?” In 2009 Rolling Stone story, reporter Matt Taibbi called Goldman...

Last November, 60 Minutes correspondent Steve Kroft reported on a nice little perk that members of Congress have enjoyed for some time, insider trading. According to a report entitled, Insiders, Kroft interviewed “Peter Schweizer… a fellow at the Hoover Institution, a conservative think tank at Stanford University… Schweizer says he wanted to know why some congressmen and senators managed to accumulate significant wealth...

This is not a good year to be a member of Congress. In its annual measure of Ethics and Honesty in Professionssurvey, the Gallup organization, not surprisingly, found that 64% of Americans rate Congress at “Low” or “Very Low,” which tied a record low score with Lobbyists in 2008. Telemarketers, stockbrokers, bankers, real estate agents, and lawyers all beat out Congress...

It’s Tuesday May 23, 2006 and I’ve just arrived at my hotel. After traveling all day from California, I’m in New York to give a report to the public via the media on Honesty and Trust in America. In the Spring of 2006, with a host of ethics scandals involving CEOs, politicians, athletes and other celebrities you might think that my...

Watching the various Occupy protests around the country caused me to take another look at my Honesty and Trust report from 2006. I found this conclusion from Jamie O’Boyle of The Center for Cultural Studies and Analysis: “Most Americans have moved beyond thinking of violations of honesty and trust as the problem of a few ‘rotten apples,’ but instead view our major institutions as a...

The sub-head for a story in the Wall Street Journal caught my attention recently: “Companies spend a lot of time focusing on ethical behavior. But that’s not where the crisis is.” Author of the book, The Decision to Trust, Dr. Robert Hurley, professor at New York’s Fordham University amplifies his sub-head with the following: “Infamous frauds and financial crises have wrecked the public’s...

That was the advice given to Bob Woodward by secret sourceDeep Throat regarding the journalist’s investigation into the Watergate scandal, a scandal that ended with the resignation of a president. That was also the underlying scrutiny in a series of questions asked by a member of England’s Parliamentary committee looking into a scandal that, not unlike Watergate, began with one incident...

Although faith is not an ethical value, its importance in driving ethical conduct should not be underestimated. In fact, the word faith comes from the Latin fidere meaning ‘to trust.’ During his thirty-five-year career in the Marine Corps, General Charles Krulak served two tours of duty in Vietnam and rose through several command and staff positions to become Commandant of the Marine...

Reading some after-talk comment cards, I came across a note which read: “Nice talk, but how about using a personal story or two to make your point?” Okay. Being trustworthy requires more than being honest. It requires us to make reasonable efforts to keep promises and obligations, and carry out the necessary integrity to resist temptations and pressures and do...