As GM goes, so goes the country.
What Business, Sports & Media Can Do
- Put a compensation cap on CEOs that aligns with revenue and performance.
- Stop winking at the use of performance-enhancing drugs and steroids.
- Create and review standards and practices in all media -- TV, print, radio, Internet -- to avoid plagiarism, favoritism, nepotism and other toxic "isms."
- Make boards of directors as well as CEOs accountable to shareholders of publicly traded companies.
- Treat workers like owners.
- Define "cheating" (beyond expense accounts) and institute a zero-tolerance policy.
- Join the Hope Street Group, a bipartisan network of businesspeople who help small businesses and improve education.
What Institutions Can Do
- Slap harsh penalties on students who cheat.
- Adopt efficient business practices in order to spend tax dollars and donations on the mission, not the managers.
- Know when to merge or fold. If other not-for-profits are doing it better, call it a day. If merging with them makes a stronger organization, do it.
- Teach civics and automatically register high school graduates to vote.
- Teach ethics in grade school and high school.
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