Wednesday, August 16, 2006

Integrity and long-term success


It seems that the value of integrity is increasingly taking a back seat to short-term success. Unfortunately, this dangerous practice has long-lasting, negative ripple effects to the workplace - as well as to society as a whole.

For example, in recent weeks the latest Tour de France winner, Floyd Landis, twice tested positive for illegal substances in his body. He claims innocence and intends to fight the findings, but it may be that when it's all over, Landis loses his title. This alleged scandal has already cost Landis plenty in terms of product endorsements and speaking engagements.

Then there's the Barry Bonds saga. A cloud has been hanging over Bonds in his pursuit of home run records due to his steroid use. It's so bad that not much fanfare occurred when he passed Babe Ruth on the all-time home run list a few months back.

In the top levels of business, it seems that the Enron scandal failed to teach three former top execs at Comverse Technology Inc., what not to do. On August 9 the three were charged with falsifying and manipulating data to increase their stock options.

See full Article.