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Episode 30 Why They Do It: Inside the Mind of a White Collar Criminal – A Discussion With Author Eugene Soltes What drives an individual to commit white-collar crimes? Eugene Soltes, professor of business administration at Harvard Business School and author of Why They Do It: Inside the Mind of a White Collar Criminal, joins host Matt Adams to dig into this topic from a social science and historical perspective. The episode takes a look at how white-collar crime has been perceived over the last century in the United States – from an inherent element of capitalism to today's highly regulated environment. Eugene and Matt also discuss why individuals become involved in such schemes and what role technology plays in giving the illusion that it's a victimless crime. You'll learn more about Eugene's research for his book as well as his latest studies into how businesses can use data analytics to detect, prevent and respond to reputational and regulatory threats.
Against the Rules with Michael Lewis: The Trial of Sam Bankman-Fried
Why do people commit white-collar crimes? And how has the way we think about — and prosecute — white-collar criminals changed over time? As part of the background research for his next book, which is about Sam Bankman-Fried and FTX, Michael Lewis wants the historical view of financial fraudsters, embezzlers and Ponzi schemers. So he speaks with Eugene Soltes, professor at the Harvard Business School and author of Why They Do It: Inside the Mind of the White-Collar Criminal. If you have a question for Michael Lewis about his writing process, head to atrpodcast.com.See omnystudio.com/listener for privacy information.
In Episode 11 begrüßen wir Martin Kaswurm CEO & Gründer der Eventagentur Chaka2. Was Martin als einen der ersten Österreicher zum FIFA Master machte und welche Motivation ihn schlussendlich an die Harvard University brachte, erzählt er in diesem Podcast. Außerdem erfahren wir mehr über seinen Werdegang und wie man als 23-Jähriger große Konzerne zur Zusammenarbeit bewegt.[00:00] Martin Kaswurm spricht über die Erfahrungen aus der COVID-19 Pandemie und die daraus resultierenden Erkenntnisse im internationalen Business.[07:32] Martins beruflicher Werdegang und seinen bereits im Jugendalter entstandenen Wunsch Unternehmer zu werden und seine “game changing Situations”[16:10] Die Reise von Chaka2 und welche Einfluss Red Bull bereits zu Beginn bei der Unternehmensgründung hatte.[22:00] Wie kann man als 23-Jähriger Konzerne davon überzeugen mit Chaka2 zu arbeiten? Martin spricht über die zentralen Bausteine einer Idee, die Mission und Vision, die bei potentiellen Kunden verkauft werden müssen und welche Bedeutung sehr gute Vorbereitung für den Erfolg hat.[24:40] Martin definiert für sich den Begriff „Leadership”.[29:33] Martin erzählt, dass er damals als erst zweiter Österreicher beim FIFA Master aufgenommen wurde. Martin spricht über die tollen interkulturellen Erfahrungen während des FIFA Masters und welchen Impact der Master auf das Business hatte. [37:10] Martin spricht über die Motivation, nach dem FIFA Master ein Studium an der Eliteuniversität Harvard zu beginnen und welche Learnings er aus dieser Ausbildung gezogen hat. [48:15] Was es mit der “Living Group” auf sich hat und welche Meinung er in Bezug auf Celebrities in Harvard hat, erzählt Martin in diesem Abschnitt. [53:00] Martins Tipps, seine größten Herausforderungen und Fehler im Leadership und was die Generation Z im Leadership erwartet.Links:Das Buch „Ein Hund namens Money” von Bodo Schäfer findet ihr hier. Das Buch „Ritch Dad Poor Dad” von Robert T. T. Kiyosaki haben wir euch in der deutschen und englischen Version verlinkt.Das Buch „Die Talent-Lüge” von Daniel Coyle findet ihr hier.Das Buch „Discover Your True North” von von Bill George und David Gergen findet ihr hier.Das Buch „Radical Candor” von Kim Scott findet ihr hier.Das Buch „Why They Do It” von Eugene Soltes findet ihr hier. See acast.com/privacy for privacy and opt-out information.
Eugene is a friend, mentor, and modern era intellectual. We unpack his work with white collar criminals, his time management strategies, and of course, his spirit animal.
What are the different types of failure? Which can (and can’t) we come back from? And what does it take to turn failure into a comeback story?The second episode of “4B with Margit” explores failure and comebacks with Suneel Gupta, once a poster child for failure, featured in the New York Times and on the keynote stage of FailCon, whose new book Backable is a study in turning failure into success. Also joining the conversation is Eugene Soltes, Harvard Business School professor and author of Why They Do It: Inside the Mind of the White-Collar Criminal; Ash Spiegelberg, a partner at the Brunswick Group specializing corporate reputation and crisis management; and Carlye Adler, the Silicon Valley ghostwriter who helped Suneel with Backable.“4B with Margit” is a Clubhouse show for raw and unfiltered advice from comms and marketing experts who have seen it all, as well as insider stories from the builders and pioneers who were in the trenches. Think “Scandal” meets “Halt and Catch Fire.” Catch it live Wednesdays 4-5 PST.
Our next guest on The BIS is Eugene Soltes, Harvard professor and author of "Why They Do It: Inside the Mind of a White Collar Criminal". Eugene sits down with Cindy Moehring in this episode to discuss his experience interviewing over 50 white-collar criminals including Bernie Madoff. Eugene and Cindy also talk about what the future of business ethics education might entail for students.
In this episode, we delve into the psychology of white-collar criminals. White-criminal criminals are often treated differently than other categories of criminals which provokes a response unlike other crimes. White-collar criminals are not better than or more deserving of leniency than other categories of criminal, it’s just that they are wired differently and understanding that fact can better position us to help safeguard organizations from the types of crimes that white-collar criminals commit. Joining Scott on today's episode are two experts on the subject of white-collar crime psychology, Nicolas Bourtin and Eugene Soltes.
Fictional 1980s corporate raider Gordon Gekko famously proclaimed that “Greed is good,” seeking to justify why one of the seven deadly sins is, in fact, ethically virtuous. Leaders should think deeply about the ethical dimensions of their actions. However, too many fail to recognize the moral complexity inherent in their decisions. As one guest argues, “Just like some people are tone-deaf, and they can’t carry a tune, some are ethics-deaf.” This is the second part of our two-episode conversation about why it’s so hard to be an ethical leader. Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us again to discuss: - Avoiding zero-sum ethical trade-offs - The ethics of price gouging and lying - Why some people justify their actions even as ethical failures escalate - Ethical decision making in an era of advanced technologies - Humility and the relationship between ethics and effectiveness Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Fictional 1980s corporate raider Gordon Gekko famously proclaimed that “Greed is good,” seeking to justify why one of the seven deadly sins is, in fact, ethically virtuous. Leaders should think deeply about the ethical dimensions of their actions. However, too many fail to recognize the moral complexity inherent in their decisions. As one guest argues, “Just like some people are tone-deaf, and they can’t carry a tune, some are ethics-deaf.” This is the second part of our two-episode conversation about why it’s so hard to be an ethical leader. Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us again to discuss: - Avoiding zero-sum ethical trade-offs - The ethics of price gouging and lying - Why some people justify their actions even as ethical failures escalate - Ethical decision making in an era of advanced technologies - Humility and the relationship between ethics and effectiveness Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Fictional 1980s corporate raider Gordon Gekko famously proclaimed that “Greed is good,” seeking to justify why one of the seven deadly sins is, in fact, ethically virtuous. Leaders should think deeply about the ethical dimensions of their actions. However, too many fail to recognize the moral complexity inherent in their decisions. As one guest argues, “Just like some people are tone-deaf, and they can’t carry a tune, some are ethics-deaf.” This is the second part of our two-episode conversation about why it’s so hard to be an ethical leader. Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us again to discuss: - Avoiding zero-sum ethical trade-offs - The ethics of price gouging and lying - Why some people justify their actions even as ethical failures escalate - Ethical decision making in an era of advanced technologies - Humility and the relationship between ethics and effectiveness Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Warren Buffett has described integrity as “a reputational advantage that others will weigh in subsequent dealings.” His partner, Charlie Munger, agrees, noting that “You’ll make more money in the end with good ethics than bad.” So, why are many leaders often tempted to take ethical short-cuts—or worse? This is the first part of our two-episode conversation in which we explore why it’s so hard to be an ethical leader. In this episode, Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us to discuss: - Why it’s hard to define ethics—and why some people will break their ethical code before they break the law - Ethical failures, including blind spots, ethical fading, and language euphemisms - How success can impair a leader’s view of ethical behavior - Working rules: the difference between formal and informal language, codes, and policies Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Warren Buffett has described integrity as “a reputational advantage that others will weigh in subsequent dealings.” His partner, Charlie Munger, agrees, noting that “You’ll make more money in the end with good ethics than bad.” So, why are many leaders often tempted to take ethical short-cuts—or worse? This is the first part of our two-episode conversation in which we explore why it’s so hard to be an ethical leader. In this episode, Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us to discuss: - Why it’s hard to define ethics—and why some people will break their ethical code before they break the law - Ethical failures, including blind spots, ethical fading, and language euphemisms - How success can impair a leader’s view of ethical behavior - Working rules: the difference between formal and informal language, codes, and policies Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Warren Buffett has described integrity as “a reputational advantage that others will weigh in subsequent dealings.” His partner, Charlie Munger, agrees, noting that “You’ll make more money in the end with good ethics than bad.” So, why are many leaders often tempted to take ethical short-cuts—or worse? This is the first part of our two-episode conversation in which we explore why it’s so hard to be an ethical leader. In this episode, Joanne Ciulla, Eugene Soltes, and Ann Tenbrunsel join us to discuss: - Why it’s hard to define ethics—and why some people will break their ethical code before they break the law - Ethical failures, including blind spots, ethical fading, and language euphemisms - How success can impair a leader’s view of ethical behavior - Working rules: the difference between formal and informal language, codes, and policies Joanne Ciulla is a professor at Rutgers Business School and Director of the Institute for Ethical Leadership. A pioneer in the field of leadership ethics, she the author or co-author of numerous books and received a lifetime achievement award last year from the Society for Business Ethics. Eugene Soltes is an Associate Professor at Harvard Business School, where his research focuses on corporate misconduct and fraud. The author of Why They Do It: Inside the Mind of the White-Collar Criminal, Eugene was the recipient of the Charles M. Williams Award for outstanding teaching. Ann Tenbrunsel is a professor of Business Ethics in the College of Business Administration at the University of Notre Dame, where she focuses on the psychology of ethical decision making. Ann is the author, co-author, or co-editor of six books on this topic—including Blind Spots: Why We Fail to Do What’s Right and What to Do about It.
Eugene Soltes, associate professor at Harvard Business School, studies white-collar crime and has even interviewed convicts behind bars. While most people think of high-profile scandals like Enron, he says every sizable organization has lapses in integrity. He shares practical tools for managers to identify pockets of ethical violations to prevent them from ballooning into serious reputational and financial damage. Soltes is the author of the HBR article “Where Is Your Company Most Prone to Lapses in Integrity?”
Eugene Soltes and Jeff Schatten have a wide ranging discussion about white-collar crime and the complex motivations and factors that underlie corporate criminal behavior. Eugene Soltes is the Jakurski Family Associate Professor of Business Administration at Harvard Business School. Eugene has has been widely quoted by the media including in The Wall Street Journal, Financial Times, and Bloomberg. He has fascinating work on corporate misconduct and fraud, which culminated in the book Why They Do It: Inside the Mind of the White-Collar Criminal, which is an in-depth look on white-collar criminality.
Harvard Business School Associate Professor Eugene Soltes joins U.S. Bank Chief Ethics Officer Katie Lawler to talk about what leads to business misconduct and how companies can prevent it by creating a strong culture of ethics.
Today’s guests are Jon Feig and Andy Reisman, who both work in the Integrity section of Ernst & Young. They are part of a group that published an article in Fraud Magazine entitled: What's your integrity agenda? Bridge the gap between intentions and behavior, which was an astounding piece in the area of innovation and compliance. What is integrity in an organization? Why do companies need to confront integrity risks directly? Andy defines integrity around actions: bridging the gap between the promises a company makes to act ethically, and its actual behavior to the stated promises. The main question is: “Are we doing what we said that we would do?” What is the issue of compliance? It’s both an art and a science. There are policies, systems, programs, and processes that control the integrity agenda. And these have to relate to helping leaders face issues and not shy away from tough questions and establishing compliance officers as trusted advisors. These pieces sit together as four interrelated elements of the integrity agenda. The four elements of the integrity agenda‘Governance’ is where it starts. It makes sure that integrity function design is present, roles and responsibilities are outlined, and that there exists a proper vision mission to ethical obligations. Jon goes into more detail about what questions the ‘Governance’ element answers to ensure the business is accountable. ‘Culture’ asks: do you have open and transparent communication? Does the organization feel protected? People should feel like they can talk to management about things that may be wrong or that they don’t like. Research shows that people want to do the right thing, and the culture needs to support that.‘Controls and Procedures’ covers things like third-party due diligence and management, identifying what characteristics may come forward through technology-enhanced procedures and data analytics about performance, and making sure there’s continuous improvement of controls. ‘Insights’ is a broad category, but its main question is: “Where is it that we’re trying to go and how can we find insights from whatever data exists?” It looks at the data from the above three categories and tries to prevent and detect problems. Jon digs deeper into the different questions and problems clients face, and how insights might help them uncover the answers and understand what’s possible. Final thoughts:Andy shares that the anti-fraud professional (whether a fraud examiner, an auditor, or a compliance professional) has made a commitment. They care not only about the losses to the company, but about ethical lapses that could corrode the culture of the company and undermine it. They understand the purpose of protecting the company, keeping it on course, separating those who are truly bad apples, guiding people who may be under conflicting partners, and empowering people. Jon leaves us with the compliance dilemma: how do we comply with various laws and regulations, as well as company policies and codes of conduct with decreasing budgets and higher scrutiny? It’s a very difficult position for compliance professionals to be in. So how do we use the integrity agenda to help solve the compliance dilemma? Resources:The article: “What’s your integrity agenda?” (Authored by Vince Walden, Eugene Soltes, Jon Feig, and Andrew Reisman in the September/October 2018 issue of Fraud Magazine)Jonathan Feig Andrew Reisman Learn more about your ad choices. Visit megaphone.fm/adchoices
Youngme Moon interviews Eugene Soltes, who talks about "Why They Do It: Inside the Mind of the White Collar Criminal." Among other things, Eugene discusses his unique relationship with Bernie Madoff, the motivations behind white collar crime, how firms can prevent such crimes from occurring, and his most memorable conversations with criminals he has interviewed. Eugene also shares an After Hours recommendation.
Eugene Soltes describes his fascinating research into what motivates white collar criminals and how distance from their victims makes it easier.
Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law."
(Bloomberg) -- Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
(Bloomberg) -- Robert Hockett, a professor at Cornell University Law School, and Eugene Soltes, a professor at the Harvard Business School and author of "Why They Do It: Inside the Mind of the White-Collar Criminal," discuss insider trading allegations against Deerfield Partners, which have highlighted the information highway between Washington D.C. and Wall Street. They speak with June Grasso on Bloomberg Radio's "Bloomberg Law."
Eugene Soltes is an author and finance professor at Harvard Business School. Over the past eight years, give or take, he’s spent a lot of time with many big-time executives and professionals who have been convicted of major financial crimes, such as; cooking the books, fraud, Ponzi schemes, and insider trading. What initially began as nothing other than self-interest has materialized into a 464-page hardcover book, which was released in October this year (2016). The book is titled, Why They Do It: Inside the Mind of the White-Collar Criminal. Intrigued by the subject matter, I invited Eugene onto the podcast and we got talking about; how Bernie Madoff became the mastermind behind the biggest fraudulent scheme in US history—sucking billions of dollars from unsuspecting investors, some of the notorious insider trading cases, and ultimately, why they do it.
(Bloomberg) -- Why do corporate executives who already have wealth and status, commit financial crimes? A new book "Why They Do It: Inside the Mind of the White Collar Criminal," explores what turns corporate executives into corporate criminals. It's based on interviews with close to 50 well-known white collar criminals from Bernie Madoff to Dennis Kozlowski. The author, Eugene Soltes, a professor at Harvard Business School, spoke with Bloomberg's June Grasso on Bloomberg Radio's "Bloomberg Law."u0010u0010Bloomberg Law with June Grasso. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
(Bloomberg) -- Why do corporate executives who already have wealth and status, commit financial crimes? A new book "Why They Do It: Inside the Mind of the White Collar Criminal," explores what turns corporate executives into corporate criminals. It's based on interviews with close to 50 well-known white collar criminals from Bernie Madoff to Dennis Kozlowski. The author, Eugene Soltes, a professor at Harvard Business School, spoke with Bloomberg's June Grasso on Bloomberg Radio's "Bloomberg Law."u0010u0010Bloomberg Law with June Grasso.