Professional Documents
Culture Documents
Iggys bread were founded with the vision of highest quality and customer
satisfaction keeping a healthy relationship with employees so that it wont affect
quality of bread, two Igor and Ludmilla take all the possible measures and
responsibilities to keep their vision alive within organization, with the expansion of
business and Ludmilla family involvement they needed a person to manage their
organization, they hire Mr. Metthew who later on started nepotism without
consultation on owner involvement, whole process not was not about nepotism but
values of organization was also scattered as employee of organization felt restricted
which ultimately cause business loss.
Citi group with legacy of 200 years with its values of innovations and achievements
was growing faster in term of money as well as assets, Sandy Weill CEO of Citi group
in late 90s who was the man with the ambition bring out all groups under one
umbrella of Citi group beside repealing the Glass-steagall act of Chinese wall
between commercial banking and investment banking. As CEO, Citigroup associated
with numerous corporate scandals and regulatory investigation which later on put
Charles prince to resolve it. Issues was from reforms and measure of investment
banking to settlement of over 400 million dollar, operating issues and
communication with clients, SSB research was materially misleading client,
Associates lending group which was acquired was charging extra rates for loan,
Enron Fraud, Worldcom Collapse and closure of bank account in japan because of
communication gaps. Mr Prince Charles introduce five points ethic plan to regain
Citigroup image which consist of Improve training, Enhance focus on Talent and
development, Balance performance appraisals and compensations and Improve
communication and strengthen control furthermore he also introduces Sally
Krawcheck as chief financial officer for the ultimate goal of restoring ethics and
image.