ETHICS AND VALUES AND ETHICAL LEADERS MANAGEMENT ESSAY

It is important task for leaders to tell a compelling and morally rich story, but ethical leaders embody and live the story. This is a difficult task in today’s business environment where everyone lives in a fishbowl-on public display. Like many political leaders who fail to embody the high-minded stories they tell at election time, and more recently, business leaders are facing similar criticism through the revelations of numerous scandals and bad behaviors. CEOs in today’s corporations are expected to be ethical role models for all of society.

Following a series of unethical activities by Citigroup employees in Japan in 2004, new CEO Chuck Prince fired several executives, publicly accepted responsibility and bowed apologetically to Japanese officials. Not only did Prince’s message resonate within Japan, but it also starts a new era of “shared responsibility” within the culture of Citigroup where every employee was expected to take