Thursday, 25 October 2012

Reputation & Integrity - Critical succes factors

Rajat Gupta sentencing has yet again reminded me of the importance of ethics and integrity above all else in life and career. He has provided an excellent instance of vicarious learning. 

A few thoughts on this episode...

"I have lost my reputation that I have built over a lifetime. Implications (of the verdict) to all aspects of my life — personal, professional and financial — are profound" - Rajat Gupta, in court before he was sentenced to 2 years in prison for insider trading.
 "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." - Warren Buffett
"History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them." - B. R. Ambedkar
 

1 comment:

  1. Very true Abhishek...Same with Lance Armstrong...actually, you are so right.

    Essentially, the intent with which you do things is much more important the the results you achieve. A person with the right intent would be the true winner irrespective of the results that you see from outside.

    Cheers

    http://ratrace2freedom.blogspot.in/

    Manoj Arora

    ReplyDelete

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