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BILLION DOLLAR SCANDALS: Allegations Of Red Flags Not Heeded As Allen Stanford Case Rivals That Of Madoff
The Latest name to be added to the list is R. Allen Stanford. He is alleged to be involved in fraud with his Investors bearing the brunt of the it.
President and CEO of Armstrong International, David Armstrong sees the absence and/or erosion of an ethical culture - when deals were sealed with a handshake instead of with a blind eye.
“This didn’t just happen overnight,” says Armstrong. “Accountability is something that needs to be nurtured and encouraged.” Armstrong believes that to lead effectively and ethically, those leaders need to understand the experiences of those they’re leading. “Otherwise, you develop a skewed and unhealthy view of reality,” he says, “and people are ultimately who feel the repurcusions.”
In the cases of both Michael Madoff and Allen Stanford, Armstrong notes that while they may have done some dasterdly things with other people’s money, much could have been prevented if the red flags were acted upon. “If reports are true, red flags were going up on both of these guys for quite some time,” he says. “It all comes down to accountability, really. It is a powerful force.”
ABOUT DAVID ARMSTRONG…
David M. Armstrong is a storyteller.
More importantly, Mr. Armstrong has evolved corporate storytelling into a whole new style of management—a style praised by Tom Peters as the leadership answer for tormented managers who need their people to champion initiative.
David Armstrong’s stock in trade is anecdotes—stories about urgency, bravery, wisdom, core values, change management, innovation and having fun in the workplace. Where does he find stories? In the same places he suggests you look for yours—in the eyes and on the faces of the customers, partners and employees who come through your doors every day.
“Every company has a rich heritage of stories,” says David. “I’m just putting my company’s treasure to work.” While it may be true that every company has stories, not every CEO has the vision to search them out and retell them with powerful and memorable morals. That’s what this site is all about—helping you to dig into, discover and use the stories that surround you.
Today Armstrong International is a safe haven in a business world grown confusing and complex. Doing business with Armstrong International is refreshingly simple and pleasant. In fact, today’s dream has become the vision of business as a series of enjoyable experiences.
ABOUT HANGING BY A THREAD
Can you be successful at business or even running a country without losing your soul? David Armstrong thinks you can! In his new book, Hanging By A Thread, David shares real life examples of people and companies that are successful by simply following “The Golden Rule” of: “Do unto others as you would have them do unto you.”
In Hanging By A Thread, you will learn about Armstrong International, which is a successful, profitable company that follows the golden rule in all of its decisions for over a century, and in the process, is flourishing in an otherwise turbulent economy.
THE FOLLOWING ARTICLE MAY BE HELPFUL WITH SHOW PREP:
http://www.google.com/hostednews/ap/article/ALeqM5iVIypiR-RFg4T8HkjeNGQqPD1IiwD96H06UG0
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