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Lecture Topics |
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Pressures of Performance |
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Companies make strategic decisions based on the expectations of Wall Street analysts. These pressures are not only put on the CEO and other high ranking executives, but are passed down to middle management who must perform their assigned tasks to meet those goals. The pressure of meeting those goals influences the decision-making process and can interfere with making sound business decisions. The pressures to provide “good news” are immense and that kind of news is rarely criticized or investigated. Walt Pavlo highlights the importance of management’s role in addressing pressures put on all levels of employees in order to assure ethical business practices. |
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| I am here today to tell you about an aggressive business environment and the poor decisions I made in those conditions. However, by no means is this an excuse for what I have done. The justice system did not allow me to make any excuses, nor will I make any here. I also, realize that many of you may have been victims of my crime and as victims you deserve to hear that I am sorry for what I have done and I do deeply regret my actions. Second, as victims you deserve to know that I was punished for my crime and have paid a significant price through incarceration, financial losses, and strained personal relationships. Thirdly, you all should know that I am a better person and have learned from my mistakes. I took a great deal of time to reflect on what I did, why I did it and how to avoid such actions in the future. Lastly, I want everyone to know that I have found a way to give back through speaking openly about my experience. My hope is that I can put you in my situation so that you can learn...without the consequences. Walt Pavlo Lecture at the Columbia School of Business, 2004 |
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