Chief Ethics Officer eliminated. Huge loss.
16 replies (most recent on top)
Wonder if anybody has looked at the ethics perspective of U.S. Bank's longstanding relationship with UnitedHealth, which has a number of open investigations while being one of the bank's largest customers and a primary element/fiscal intermediary in the health insurance available to U.S. Bank employees. Reputational risk? It all depends.
https://apnews.com/article/unitedhealth-medicare-department-of-justice-investigation-e798e8c5305043d757714277e0c5a75c
This company has thousands of Ethical employees. But the company as a whole, not so much when the leadership in certain areas is far beyond what a normal person would consider ethical.
From all indications, the bank is still retreating from some pretty bold statements in regulatory filings submitted not so long ago, raising some pretty challenging ethical concerns with the prior policies and with the current protocol. Flexible work arrangements, once touted as an employee benefit, have been fully debated and debased, not so sure about the other topics tracked.
https://www.bankingdive.com/news/us-bank-dei-diversity-equity-inclusion-kedia-gender-race-fair-pay/740892/
Probably an ongoing issue with the legal departments infatuation with DEI and societal issues and concerns that bring zero dollars to the bank's bottom line. Shareholders expect focus on growth, revenue, expansion and year over year return, not unwavering focus on some aspirational "nonsense", to borrow a new leadership term. Wonder if the institutional shareholders eliminated their chief ethics officer?
They were probably getting in the way of elzero and gumjob's "strategy" to shareholder value / RTO (aka make friends!) / offshoring malpractices etc. Bank is anyway in the toilet ... we are just waiting for someone to flush (M & A) it but then again who is gonna wanna deal with tu-ds.
@a2 Legal put out an announcement to Legal staff, that got dissected down to some people, then there was a post on Ethics viva page that has since been deleted. How ya like them ethics?
Not sure what the message is when the chief ethics officer position is eliminated. Hmmmmm
@ak they clearly don’t want us to talk and realize what a colossal mistake this was.
@a9 How do you know HR was the one that moved for her to be removed?
Intetesting it was posted on Viva and now deleted
Won’t be the most ethical bank anymore.
This elimination pretty much just said FU ethics! The entire HR team including Elcio is a scam- they should have started there! They are doing everything they can to cover up their issues and protect incompetent leaders.. primarily everyone in HR Advisory! If they need anyone right now-it’s the legal/ethics team. Bad move GK!
@a2 until end of September then she’s gone
Are you kidding me? She was an employment lawyer. Her entire gig as “ethics” officer was making sure terminations were wrapped in just enough HR fairy dust to dodge lawsuits—basically corporate cover fire for discrimination lawsuits. Think less “moral compass” and more “creative director of plausible deniability.”
@a2 it went out to the entire legal department and some other leaders.
Where did you see this announcement? I just checked and she is still here with no title change so far.
Yet another sign of the dark place this company is heading that apparently a chief ethics officer is no longer needed.