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Ep. 033 - Why the Justice Department Fails to Prosecute Executives

It's hard to believe that we're coming up on the ninth anniversary of the financial crisis that contributed to the Great Recession. What's frustrating and mystifying is how many people, or lack thereof, actually faced the music for contributing to the debacle.

It’s hard to believe that we’re coming up on the ninth anniversary of the financial crisis that contributed to the Great Recession. What’s frustrating and mystifying is how many people, or lack thereof, actually faced the music for contributing to the debacle.

The anemic response from the Department of Justice sparked today’s guest, Pulitzer Prize winning journalist Jesse Eisinger, to write The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives.

How can it be that no major bankers were charged or put in prison after the financial crisis of 2008?

The Chickenshit Club, an inside reference to those prosecutors who were too scared of failure and too daunted by legal impediments to execute the duties of their jobs, explains why. The pages span the last decade and a half of prosecutorial flops, corporate lobbying, trial losses and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives.

But it wasn’t always this way. In the 1970s, it was commonplace that top corporate executives, not just seedy crooks and drug dealers, could commit crimes and actually be sent to prison.

What changed between then and now? Is it a problem that can be corrected? If so, how? The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring white-collar criminals to justice.

“Better Off” is sponsored by Betterment.

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"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.

Ep. 032 - How the Best Leaders Inspire People Every Day

What is life without inspiration? To me it sounds a bit boring. Of course inspiration can come from anywhere, but because we spend the bulk of our time in the workplace, it is a natural setting to seek it out. Conversely, if you're the boss, don't you want to be seen as somebody who inspires?

What is life without inspiration?  To me it sounds a bit boring. Of course inspiration can come from anywhere, but because we spend the bulk of our time in the workplace, it is a natural setting to seek it out. Conversely, if you’re the boss, don’t you want to be seen as somebody who inspires?

It’s easier said than done, but thanks to our guest this week, executive coach Kristi Hedges, there are everyday actions that any leader can take to be an inspiring and motivating force.

In her latest book, The Inspiration Code: How the Best Leaders Energize People Every Day, Kristi shows how to become a leader who builds commitment and fosters greatness in others.

Having spent years studying exactly what inspiring leaders do differently, Kristi likes to think of inspirational people as the four Ps:

  • PRESENT: investing their full attention and letting conversations flow
  • PERSONAL: speaking genuinely, listening generously, and acknowledging the potential of those around them
  • PASSIONATE: exhibiting sincere emotion and exuding energy attuned to the situation
  • PURPOSEFUL: helping others find meaning and see their place in the bigger picture

If you think your boss might be missing one of the Ps, maybe it’s time to pull him or her aside and have a friendly chat…

For more workplace and leadership tips, you can follow Kristi on Twitter.

“Better Off” is sponsored by Betterment.

Have a finance related question? Email us here or call 855-411-JILL.

We love feedback so please subscribe and leave us a rating or review in iTunes!

Connect with me at these places for all my content:

https://twitter.com/jillonmoney

https://www.facebook.com/JillonMoney

https://www.instagram.com/jillonmoney/

https://www.linkedin.com/in/jillonmoney/ 

http://www.stitcher.com/podcast/jill-... 

http://betteroffpodcast.com/

https://itunes.apple.com/us/podcast/b...

"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.