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Is Supplier Management Key to Addressing Recent Ethical Lapses? (Part 1)
The recent allegations that the SEC and FBI have leveled against two former IBM and McKinsey executives have really made me think about the role that supplier management might have in addressing...
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McKinsey Bids Adieu to Anil Kumar
Late this afternoon, a Reuters story hit the wire confirming that Anil Kumar, a former McKinsey Director, was no longer with the firm following an internal investigation. Reuters quotes an email note...
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Anil Kumar Pleads Guilty — But What’s the Lesson for Procurement?
Over on The Financial Times blog, John Gapper provides some details and analysis of Anil Kumar’s guilty plea in the Galleon insider-trading scandal. For those who have not been following the situation...
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Deloitte’s Ethical Problem – Will Be Revisited Again?
Ethical Standards or a Standard for Mankind? Earlier this month, the Chicago Tribune wrote about the case of Thomas Flanagan, a former Deloitte vice chairman, being litigated by his old employer,...
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China: Red Chips and a New Type of Supply Risk
Corporate scandals and arrests in the West often skirt the business headlines, making news one hour and quickly getting buried the next. The case is a bit different in China, however, which appears...
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Friday Rant: Insider Trading and Procurement
Image: Nicholson cartoons A colleague sent me a link to an article last week about an insider trading scandal involving both a CPO and his/her spouse. The CPO will go unnamed in this context because...
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