A. Select a leader who you feel has exhibited exemplary ethical conduct.
Sallie Krawcheck has been known as one of the most senior and influential women on Wall Street. “She is the former president of the Global Wealth & Investment Management division of Bank of America. She has turned around a number of troubled businesses in her career through eliminating conflicts of interest” (Businessinsider.com). Before starting a company, Elievate Assets Management for group of female professionals, she led the wealth management units of Citi Smith Barney and Bank of America-Merrill Lynch.
Sallie Krawcheck has a reputation for an unrelenting focus on results, independent thinking and integrity. “She has been listed as one of the Forbes’ and Fortune’s “Most Powerful Women” in business and U.S. Banker’s top “Woman to Watch.” (paxellevate) She has received numerous awards including but not limited to most influential person under the age of 40 and an institutional investor. World Economic Forum has recognized her as one of the Young Global Leaders.
A1 & A2. Discuss at least two ethical traits that the leader demonstrated. Explain how the leader exhibited ethical conduct.
Sallie Krawcheck has been known for her integrity, out of the box thinking, independence, transparency and, passion to do right. Integrity and passion to do right are two traits that I found to be admirable. Fortune magazine named her “The Last Honest Analyst”. In her career while managing Merrill Lynch’s wealth management division in 2009, she came across a situation where she showed great courage and made the right choice at the expense of almost losing her job. She learnt that 401k plans called ‘Stable Value Fund’ sold to clients were not actually stable. Walmart was their biggest client. Due to team’s mistake funds had lost value. Low-income earners would suffer greatly due to their investment in Stable Value Fund as their retirement savings plan. After learning this hard fact she suggested...