Corporate financial scandals have plagued companies globally in the past few years and it is no wonder that some "bad apples" in the executive ranks are leaving a disastrous legacy outside of the business environment and impacting in the lives of younger generations.
During the past few weeks, news stories have carried the account of Kaavya Viswanathan, a 19 year old author, now attending Harvard University, and who was considered a rising author of teen novels. After proof came to light that Kaavya may have plagiarized the work of another author, her publisher Little, Brown and Co. decided to rescind her lucrative book deal.
Today, I came across a more disturbing story that shocked me and surprised me. Raytheon's (RTN:NYSE) CEO William Swanson, became an almost overnight celebrity for publishing a short pamphlet titled, "Swanson's Unwritten Rules of Management". Swanson has admitted to plagiarizing the thoughts and works of other authors in his pamphlet. His punishment is that Raytheon will not increase his salary and will force Swanson skip out on his stock awards for this year. Not a bad punishment when your base salary is reported to be $1.12 million.
Both of these stories are a sad commentary on our society today. How can today's leaders, senior executives, educators, parents, or each one of us as citizens expect a brighter tomorrow for future generations? How can we maintain those lofty expectations when we have leaders today consumed by greed, corruption, and dishonesty? How can the younger generations such as Viswanathan be expected to learn from today's leaders?
Swanson was wrong in plagiarizing material for his pamphlet. Viswanathan was wrong also in her actions of plagiarizing other authors. Both failed to be ethical in their actions.
Lessons for leaders: leadership is a trust and responsibility that should hold us to a higher standard. As leaders, let us lead by example in our personal and professional lives. No more excuses--bring back personal responsibility. Let's live and work with ethics as a core value of all we do.
We need today leaders who live and breath ethics in all they do. Viswanathan's generation needs to see those leaders lead by example in order to achieve our dream of a better tomorrow.
Jaime
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