Seeing the title
of the article, I should have felt happy, vindicated even - isn’t this something that I have been warning against
for years? Of course I’m pleased – though I never had any doubt that what I was
witnessing within Leightons’ crew while working at HLG was the most arrogant of
cultures and congregation of people that could ‘do no wrong’.
What is
interesting in this article, as in many others is, that though the HEADLINES are
BIG AND BOLD the emphasis stays on the ‘little c’ of corruption (as in
individual acts) as opposed to the ‘big C’, the ‘Culture’ of corruption, this latter is
palpable, non-omissible, you feel it, almost the moment you enter the premises of
such ‘corrupted’ company.
What the public
and even the business world find outraging when it comes to corruption are the ‘bribery’
and ‘kickbacks’ – proof straight away of stealing of goods and materials.
Yet, as bad these
are, they are the ‘low hanging fruit of
bad corporate behaviours’ and are less dangerous for the company impacted by it
(or the public, if the company is a public/government company) –.
Much worse … is a
loss of significant magnitude induced into an entity through a combination of
incompetence-negligence-and arrogance driven behaviour of the top management.
And this is,
where Leighton are the Kings. (could not resist the ‘pun’)
Never before had
I met an AEC company of their size with people placed as high as they are with
capabilities as low as in Leighton. (maybe have since, within my later
employer, but that is again, a different story and they are not major JV
partners for nothing, after all);
Yet, this
behaviour seem to be much often tolerated by shareholders than the ‘fingers in
the till type ones’
This phenomenon interests me, why is that one individual may steal x thousand dollars
and get caught, while another climbs the corporate ladder drawing huge salaries
over many-many years leaving behind a string of projects with big losses,
unhappy clients and out-of pocket subcontractors., without anyone ever questing
his capabilities.
Is this due to
very talented financial auditors or extremely incompetent technical ones?
Is there just no
one in the media that is able to see through and highlight damages borne out
of this type of behaviours and warn readers, creditors, countries whose money
and/or names are at stakes?
Well’ we will
follow all future reporting on Leighton’s activities with great interests.
I know a very
well qualified person that could shine a big torch on some of the trickier contractual/technical
issues!
http://www.crikey.com.au/?p=403141
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