A Class with Drucker - Headway | Work on yourself

I consider
C H A P T E R T E N
Ethics, Honor, Integrity,
and the Law
<strong>Drucker</strong>’s lessons on the subject of ethics, honor, and integrity to
be among his most important and relevant. This is even more important today
because the world has shrunk so much that most businesses must deal <strong>with</strong>
foreign cultures <strong>with</strong> very different beliefs and value systems from our own.
In the 1970’s the United States had gone through a number of national
scandals. First there was Watergate, which eventually resulted in Richard
Nixon’s resignation from the presidency, and there were corporate scandals.
In some respects, these scandals and others rivaled those we have
seen in recent years. They certainly got our attention.
Lockheed Aircraft bribed the Japanese government to subsidize the
purchase of the L-1011 aircraft. The resulting scandal led to the arrest of
Japanese Prime Minister Tanaka Kakuei after his resignation due to a different
scandal. Lockheed board chairman Daniel Haughton and vice chairman
and president Carl Kotchian resigned from their posts.