Jeffrey Sonnenfeld, Yale, founder & president of the Chief Executive Leadership Institute

The background of a CEO at one of America’s best known companies, it turns out, is not exactly what we thought it was. Another CEO uses company resources to fund his personal finances. Another covers up a personal relationship. Yet another makes an improper stock trade. In all of these cases, questions like: Where was the Board of Directors? If you feel like you’ve seen this movie before — back in the days of Enron or World Comm — well, the ending of the current picture hasn’t yet been filmed, but you may be correct. You have seen this before. How is this possible? Have CEOs, corporate boards, even the American public, have we not learned how to behave and what to expect? Jeffrey Sonnenfeld teaches at the Yale School of Management. He is also founder and president of the Chief Executive Leadership Institute, and he joins us now. (Originally broadcast 5-12-12 on The John Batchelor Show)

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