November 5, 2010
The below remarks were made by Jamie Dimon at Syracuse University's 156th Commencement on May 16, 2010. I strongly believe with his remarks.
Throughout my life and throughout this crisis, I've seen many people embarrass themselves by failing to stand up, being mealy-mouthed and acting like lemmings by simply going along with the pack, he told the graduates. Along the way, youre going to face a lot of pressure -- pressure to go along, to get along, to toe the line. Have the fortitude to do the right thing, not the easy thing. Dont be somebodys lap dog or sycophant.
In my experience (see attached article, a must read for whichever position you take up), it is not so much whether the reporting is done internally or externally. What matters is the character and the integrity of the person accepting the information from the whistle blower.
Simply put, those entrusted with investigating tips of potential fraud from whistle blowers must have the fortitude to do the right thing, not the easy thing. Dont be somebodys lap dog or sycophant.
The tone at the top of any organization is useless if those at the top fail to enforce the mandate to their subordinates.