Managing corporate reputations during and after major litigation
GCs' job now too demands an increased quotient of emotional intelligence of were going to make things better and weve learned a lot and were going to be better if theyre to contribute to the real mission at hand
January 26, 2014 at 07:00 PM
4 minute read
GCs have much to learn by comparing two monumental global powers: BP and JPMorgan Chase.
The 2010 Deepwater Horizon Oil Spill had a defining impact in the sense that one can barely mention BP without the spill coming immediately to mind.
JPMorgan's mortgage debacle, a more recent event, had the bank's $13 billion settlement making headlines this past fall and numerous derivative government actions are just getting underway. JPMorgan is in danger of being defined as a result of the scandal. In both cases, we're talking about more than just a stain on the corporate escutcheon. We're talking about reputational damage that many observers argue might be permanent historic legacy, dwarfing what's been achieved in the past.
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