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Tag Archives: core issues
From BP and Wall St – Corporate culture impacts performance
The examples in today’s news of the disconnect between the values a company states and the values it lives teach the lesson that poor company values can lead to poor company performance – and vice-versa.
BP is living the corporate image nightmare. A company with a terrific ad campaign “beyond petroleum” (you’d think the company was all about being green) and now another terrible disaster. But the core issues are not new and they are rooted in the culture and values of the company. BP was blasted in 2007 following a congressional committee investigation where they were found to have ignored audits and underspent on maintenance in order to meet aggressive cost cutting goals. Even in late 2009 BP made strong statements in a video about the safety of offshore oil drilling for the environment as the new administration appeared to be weakening on the issue, but now, today, no amount of ad dollars and slogans can quickly recover their reputation or their stock price.
Posted in News, Original Content
Tagged campaign, committee investigation, company, company performance, company states, company values, congressional committee, core issues, corporate image, culture and values, disaster, image, lesson, new administration, News, nightmare, offshore oil drilling, performance, petroleum, today
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Stopping Too Big to Fail is Vital to a Healthy Economy
Just because our financial system is becoming more complex and interconnected does not necessarily mean the institutions within it must follow suit by becoming larger. Complexity, interconnectedness, and size became core issues as the financial crisis unfolded and continue to plague our financial system. Despite assurances from federal regulators and lawmakers large financial institutions with concentrated positions in risky assets continue to pose a significant threat to our still fragile financial markets.
As a former Georgia State Senator along with having served several roles in the community banking arena, I understand the concerns of the small investor, the retiree, and even the student in need of a loan. And as these constituents continue to play a vital role in the framework of society, I find it critical that their desire for financial safety become a priority as our nation develops financial reform measures. I am inspired to lead the organization, ‘Stop Too Big to Fail’ for this reason; the root of reform must begin by breaking up too-big-to-fail banks, thereby ending the notion that a single institution can pose a systemic and catastrophic risk.
Posted in News, Original Content
Tagged catastrophic risk, community banking, complexity, core, core issues, crisis, financial institutions, financial safety, Georgia, interconnectedness, reform, reform measures, risky assets, senator, single institution, size, small investor, state, suit, System, threat
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