Whistleblowing

RATIONALE

This module aims to introduce students to the very specific action of whistleblowing. It supports the broader theme of “truth and disclosure,” which was dealt with in Module 9. As the name suggests, the act of whistleblowing is a conscious attempt to raise awareness...
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LEARNING METHODS

Having completed the module, students should be able to:

  • Define whistleblowing;
  • Determine under which conditions whistleblowing would be the most appropriate strategy;
  • Describe practical steps companies can take to design and implement effe...
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STUDY QUESTIONS
  1. Consider the position of Searle Lawson in the “Aircraft Brake Scandal” case. At what point, if any, should he have blown the whistle to someone outside B.F. Goodrich? Why do you think that the outcome in the “Airline Safety” case was so different for Mark L...
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CORE LITERATURE
Woman Who Couldn’t Be Intimidated by Citigroup Wins $31 Million
This case explores the story of Sheryl Hunt at Citigroup. Her team was responsible for protecting Citigroup from fraud and bad investments by inspecting loans Citi wanted to buy from outside brokers and lenders to see whether they met the bank’s standards. By 2006, the team identified that the ban...

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Case
He Told. He Suffered. Now He's a Hero.
Mark Jorgensen exposed fraud in the real-estate funds he managed for the Prudential Insurance Company of America. He was shunned by his colleagues and friends, and then dismissed from the company. ...

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Aircraft Brake Scandal
B.R. Goodrich Company has been a major American corporation that manufactures aircraft wheels and brakes. Some many years ago, they had won a contract for LTV Aerospace Corporation to build brakes for a new Air Force plane (A7D). The brake was not a success and LTV no longer came to Goodrich for...

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Case
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ADDITIONAL LITERATURE
Through the Eyes of a Whistle-Blower: How Sherry Hunt Spoke Up About Citibank's Mortgage Fraud
In 2011, Sherry Hunt was a vice president and chief underwriter at CitiMortgage headquarters in the United States. For years she had been witnessing fraud, as the company bought billions of dollars in mortgage loans from external lenders that did not meet Citi credit policy and sold them to governme...

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Case
Whistleblowing: motivations, corporate self-regulation, and the law
Purpose - The purpose of this paper was to investigate the motivation behind whistleblowing, the tussle between internal and external whistleblowing and the extent whistleblowing laws in the UK and the USA are able to provide protection to whistleblowers. While employees need to be protected against...

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Additional Literature
The $9 Billion Witness
The article discusses securities lawyer Alayne Fleischmann, the central witness in a securities fraud lawsuit against the bank JPMorgan Chase. Topics include chief executive officer Jamie Dimon's payment of $9 billion to Fleischmann, who was a deal manager, her confrontation of managing directors Gr...

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