Sense on Cents

Those occupying positions of financial and political leadership typically like to promote themselves as possessing real courage and bold vision. Yet, when it comes to defending people who display those very virtues, our supposed leaders often look very much like cowards.

I am reminded of this very reality in reading of the travails of selected whistleblowers on Wall Street. Let’s navigate to a commentary in this weekend’s Financial Times, highlighting lessons shared by Peter Sivere, a former compliance officer at JP Morgan whose confidence was violated by an SEC attorney named George Demos and subsequently his career derailed while trying to do the right thing.

I hold Sivere in the highest regard for trying to do his job in sharing information of illegal practices at JP Morgan. He deserved to be treated as a true hero. Cowards are unfamiliar with the virtues Sivere displayed.

Sivere shared the following chilling perspectives and lessons on his experience: (more…)