Reputation Management
Murdoch reputation takes a hit
This happens when you don’t handle crisis the way it should be. Murdoch’s News Corp is facing the heat over its phone hacking scandal, which is doing significant damage to its reputation. Interestingly the news broke out just in time when Murdoch was going to take over the British Sky Broadcasting. Later giving in to the pressure from the UK Govt, he dropped his plan. Read the rest of this entry »
Ryan Giggs Scandal – Superinjunction Law Firm Reputation loss
The Twitter outing of celebrity names who have taken out superinjunctions in the UK courts to prevent the reporting of adultery and other private misdemeanors has been a watershed moment in privacy laws in the UK. The Ryan Giggs superinjunction and his law firm Schillings’ decision to pursue Twitter Inc. aggressively seems to have backfired for both client and the law firm. Read the rest of this entry »
How to become even more unpopular
Did the board of directors of RBOS know about his affair? That is the most fascinating question arising from the lifting of the injunction on reporting of Sir Fred Goodwins affair with a colleague. CEO’s are frequently high profile individuals whose persona is stamped on the company they run. Think Virgin and Branson or Apple and Steve Jobs.
A recurring criticism of Goodwin was that he ran the company like a personal fiefdom with an abrupt and arrogant management style that seemed to encourage flunkies and discourage criticism and internal scepticism. The next few months will be interesting as we read more about the affair and how it impacted his decisions at the bank.
Board directors should pay attention: managing the company’s reputation is a board matter and if the CEO and company are inextricably linkedthey need to reassure themselves that their CEO is behaving with the utmost probity if it is not to impact share prices.
As for Sir Fred: well, he is already one of the most unpopular people in the UK. He has just shown us how to be even more unpopular.
