Posts Tagged ‘reputation’
The world’s largest airport of Heathrow remained crippled by snow and ice for three days in a row and the unexpected shutdown of Heathrow just before Christmas had put the travel plans of thousands into disarray and left many sleeping on terminal floors. The airport apparently had only a contingency plan to keep the airport fully operational if less than an inch of snow fell and had no equipment manpower, or the crucial chemical de-icers to cope with any massive snow fall. Read the rest of this entry »
Being Reputation Management Consultants, Reputation Management For.com, have come with our list of top 10 reputation crashes in the year that was! Being the festive season and all, we’re doing it as honors awarded to the great captains of Industries, firms, celebrities and brands that went through a reputation storm in 2010… Read the rest of this entry »
The lawsuit filed against Ernst & Young for their auditing of Lehman Brothers and their acceptance of the now notorious “Repo 105″ manoeuvre that Lehman used to hide their leverage in their quarterly filing and thereby mislead investors as to the true state of their finances has revealed that some of E&Y’s auditors were concerned and brought up the issue of “reputational risk”.
Reputational risk is growing more fashionable as a concept among strategy thinkers but rarely has much traction among the board or within the C-Suite where a fight between quick profit and long term reputation is usually a round one knockout to profit. Reputational risk is a function that considers the risk of reputation damage as one of the criteria in decision making. The question goes: “what will people think about us or our products if we make this decision, it might be profitable but long term will we lose out as our reputation suffers for being dishonest, etc.” Read the rest of this entry »
Even as more reports of allegations of sleaze and sex allegations of Italian prime Minister are being complied by the press, Silvio Berlusconi enjoyed a resounding victory in provincial elections. The alleged reports of sex, girls and marijuana in his private jets seem to have been ignored by the people of Italy, a country in which politicians are held to far less exacting standards of moral conduct than in Britain or the United States. Read the rest of this entry »
The much hyped 5 -star holiday of America’s first lady in a lavish Mediterranean Retreat when the country was reeling under the worst economic meltdown has had a bad influence in the reputation of the first family. Though the first lady is paying for her own room, food and transportation, the government will be bearing the security costs and support staffers, plus most costs associated with her Air Force plane. Many feel that this foreign luxury holiday came at a bad time as back home Americans are battling with loss jobs and an insecure future.
The webspace has been abuzz with comments on this ill timed get away at the expenses of the tax payer’s money. Politics Daily readers comments like “A little restraint would be appropriate in these tough economic times. It would mean a lot to the American people who pay for all these vacations and outings and would go a long way towards better relations with the people of the U.S. ” are keeping alive the issue as the first lady gets ready for another spell of holiday to Florida and Massachusetts island in the coming days.
The worst thing is that it has come close to the heels of the frock controversy that sparked ‘nude’ race row that spoiled the First Lady’s second state dinner. Michelle Obama’s reputation has been heavily influenced with these controversies that a Google search would come up with results like Spain vacation and state dinner dress in the top slots.
However, Michelle Obama is far too popular and should ride this controversy well but as they say all things do add up; and a cross check on the reputation chart will do good at this juncture.