Bernard Madoff gets maximum 150 years in prison. Lessons learned? What's worse: Lost of money or lose of trust? Some मदोफ्फ्स still out there today?

Bernard Madoff gets maximum 150 years in prison… the man behind the curtain? Is this good enough for him? Everything covered will be made open one day.
Here's the roll call of victims:
*HSBC (HBC)
*Royal Bank of Scotland (RBS)BNP
*Paribas (BNP) (France)
*Banco Santander (STD) (Spain)
*Neue Private Bank (Switzerland)
*Union Bancaire Privee (Switzerland)
*Nomura Holdings (NMR) (Japan)
*Aozora Bank (Japan) whose top shareholder is legendary U.S. private-equity firm Cerberus Capital Management
*Elie Wiesel Foundation for Humanity, Yeshiva University
*Brigham and Women’s Hospital in Boston
*Jewish Federation of Palm Beach in Florida
*Steven Spielberg’s Wunderkinder Foundation
*The Tremont Group (a large hedge fund investment firm owned by OppenheimerFunds)
*Man Group’s (one of the largest hedge funds in the world) RMF, prominent business executives
*Sports team owners
*Celebrities
*High-profile lawyers and law makers
*University endowments, university professors and
*Numerous members of the Palm Beach Country Club
Lessons learned? What's worse in Madoff's case? Lost of money or lose of trust? Do we still have some Madoffs still out there today? Can we be fooled again?

Ben
www.LeadersandThinkers.org
http://leadersandthinkers.blogspot.com/

Could we say that Michael was an outside-the-box thinker? You comments and tribute…

I am a music lover. Pop or disco are not my favorite, though. However, despite controversies surrounding his life, it’s my opinion that God graced Michael Jackson with some unbelievable gifts. Michael swam against the tide to push those gifts beyond limits and in the process inspired generations for four decades. He set a benchmark as per what is means to perform with tenacity, passion, creativity, and excellence. Could we say that Michael was an outside-the-box thinker? You comments and tributes…

Are breaking the conventional rules, thinking outside the box the old/new mantras for the greatest leaders?

Consultants for the Gallup Organization Marcus Buckingham and Curt Coffman in their masterpiece "First Break All the Rules: What the World's Greatest Managers Do Differently" arrived at this conclusions after analyzing data collected by Gallup over 25 years - using an impressive sample size of 80 thousand managers and 1 million staff from 400 companies. They debunked some of our dearly held notions about management and leadership, such as "treat people as you like to be treated"; "people are capable of almost anything"; and "a manager's role is diminishing in today's economy." "Great managers are revolutionaries," the authors write. “First break all the rules—great leadership manifesto…Is this thinking outside the box?

My best part is “People don't change that much. Don't waste time trying to put in what was left out. Try to draw out what was left in. That is hard enough.”

Now, all rules finally went kaput! What do you think? Are breaking the conventional rules, thinking outside the box the old/new mantras for the greatest leaders?

When is the right time to tell a laggard in the leadership team to straighten up and fly right or hit the road jack?

Coaches and mentors are known for their patience in leadership development. But we all know that patience “expires” sometimes. So, when is it appropriate to tell a leader (even though extremely talented) who is perpetually a foot-dragger to knock it off—shape up or ship out?

What do you expect from authentic “Leaders and Thinkers” that think outside the box? Why think outside the box...?

What are your expectations from a professional group, especially this one that emphasizes on authentic “Leaders and Thinkers” that think outside the box? Why do you think that thinking outside the box is a sine qua non for changing our world for good? What wrong with the status quo?
If you enjoy this group, kindly invite other likeminded thinking leaders to join today.

Invite others with this:
“If you are a leader that thinks outside the box and believe that authentic leadership is not a position but a choice, and if you not already a member, you may want to join the emerging great Leaders and Thinkers (L&T) at http://www.linkedin.com/groups?gid=1319847 “


Benjamin

Legacy: As a leader, what do you want to be remembered for?

Legacy: As a leader, what do you want to be remembered for?

I read the account of Methuselah who lived for 969 years, almost 1000 years. This dude lived the life of 10+ people! But his Legacy was written in two sentences. In fact, there was nothing to be remembered about Methuselah except that he was the oldest person that ever lived, and he had sons and daughters. Sons and daughters? The Octo Mom Nadya Suleman had proved to us that that’s not a big deal. Great legacy?

According to global leadership guru, Dr. Stephen R. Covey, “the need to leave a legacy is our spiritual need to have a sense of meaning, purpose, personal congruence, and contribution.”
I teach college students Principles of Marketing. I have argued that in most ways, we are all marketers or at the minimum, salespeople, without knowing it. Everything we do, say or write, at work, home, in the community or online, is an act of selling. We are selling ourselves—making impressions of ourselves. Thus, we leave a legacy that remains when we are gone. So, it’s not how long we lived but how well.
I don’t mind a foundation in my name, an estate, university, fortune 500 company or a city named after me. However, are these best legacies to leave when we “wash the nets”? What is your best legacy as a leader? What makes a great legacy? Was William Shakespeare right when he wrote “No legacy is so rich as honesty?”

Benjamin Anyacho
www.Leadersandthinkers.org

Can we say that the AIG boss, Edward Liddy is the scapegoat of regulatory irresponsibilities and leadership?

Everyone is angry with the ailing insurer, AIG and its resent executive bonuses totaling $165 million. Are these guys out of touch with realities? I believe that those that take more risk should be rewarded more. Those that make bad choices should not be rewarded with taxpayers’ money. But are you frustrated that authorities knew of this provision for executive bonuses about a year ago? It was not concealed. Some cable news reported of this Novembers 2008. Before the last disbursement of the bailout fund, the regulatory body new of the bonuses, including the date of the payment, and could not stop it.

Liddy was brought in about six months to oversee this company that has received $182 billion in federal bailout money, said he, too, was angry about the bonuses. He was not there when the contract was made. He voluntarily pays him $1 per annum.
Can we say that the AIG boss, Edward Liddy is the scapegoat of regulatory irresponsibilities and leadership?