![]() ![]() The risk of scandal is great if top managers do not establish clear standards of behavior and display a disregard for societal norms with their own actions. Practically all corporate scandals stem at least in part from unrealistic targets coupled with draconian consequences for employees who fail to deliver, often combined with outsize rewards for the star performers. In his book, Ewing writes: "The pressure to meet corporate goals at any cost is hardly unique to Volkswagen. And this was just about trying to defend market share and I think meet the expectations that top management had set for employees, that the people who did this were really just trying to hang onto their jobs," Ewing, who covered the entire scandal, said Monday on "CBS This Morning." ![]() "If you look at the banking scandals, it was usually people who were trying to get big bonuses to make money. He's out with a new book called "Faster, Higher, Farther: The Volkswagen Scandal," which takes a behind-the-scenes look at the German automaker's fraud. The car maker had steadily built up a reputation for. The biggest factor that separates the Volkswagen emissions scandal from other corporate scandals is that "money wasn't the motivation," according to author and New York Times European economics correspondent Jack Ewing. This book, which races along like Jenson Button, tells the inside story of the Volkswagen scandal. ![]()
0 Comments
Leave a Reply. |