• Compliance,  Ethics

    McKinsey, General Lee and the Culture of Compliance

    Except perhaps for “paradigm” and “silo,” the word “culture” is one of the most abused in the vocabulary of compliance, ethics and consultants.  (I once heard a consultant say that he needed “a high hover over the silos.”  I thought it an ironic mash-up about drones and agriculture; it was not).  Yet, “culture” has a meaning in the broader world; in commerce; and in compliance.  “Culture” represents a gear-shift in compliance and ethics, and can be smooth or bone-rattling. Consider this story about  McKinsey’s culture in the wake of insider-trading scandals: For a quarter of a century, except for a brief stint as a currency analyst at Rothschild, Mr. Barton has…