4.5. Set Personal Loyalty Limits
Another reason that loyalty has limits is that not all CEOs are honest. Some have committed or are committing crimes. As we approach the end of the twenty-first century's first decade, there seems to be a mass lapse of integrity among corporate leaders in America. The U.S. Justice Department and attorneys general in the United States are prosecuting more corporate executives than ever before. Most of these individuals have advisors.
A powerful example of this integrity lapse is the continuing scandal regarding the backdating of stock options. As these situations unfold, the CFO has to go because he suggested it and figured out how to do it. Then the CEO goes because he agreed to it and permitted it to occur. ...
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