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Lecture Topics |
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Misguided Performance Measures |
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When senior management puts performance measures in place for employees, they must be realistic. When there are unrealistic performance expectations, management could be putting the company and employees at risk for acting unethically in order to achieve desired results. In many cases of those accused or convicted of a white-collar crime there are instances where performance levels could not be achieved without manipulating financial records. Walt Pavlo’s decisions highlight problems that can occur when performance levels are unrealistic and the extremes to which an individual would go to achieve even the most unrealistic goals. |
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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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