The Angles of Lattitude Podcast

Michael Ainslie - Navigating Ethical Issues in Business - Why Doing What’s Right Ultimately Makes the Difference (AoL 169)

March 2, 2020

Full Show Notes:

As we grow more successful, it can be easy for power to go to our heads. We can start to think we're unstoppable. This is especially true on the grand scale when we see ethical issues in business headline the news.

One right now, for example, is the rehabilitation of the Boeing 737 Max line of aircraft. It has turned into an epic crisis in the last couple of years for them as they simply have not done well in addressing the issue. Nor did they really do a great job of mitigating it either. Whoever made the decision to cut corners and create the software which caused a couple to crash, obviously shouldn't have cut those corners.

Another example was back in 2008 when Lehman Brothers had to file for bankruptcy. Out of all the things that went on that year, I still remember watching the news as the threat of that particular crisis grew more inevitable. When it finally did, the market plummeted... as well as the savings and lifestyles of many people who thought they had done things right.

Today's guest, Michael Ainslie, was one of the group of people that had to make the decision to file for Chapter 11. Sure, making the decision was tough, but it was the right thing to do.

Being part of that board hasn't been his only rodeo, however. He was also the CEO of the internationally known auction house Sotheby's. Let's just say they had a few things they had to deal with during his time there as well.

In his new book, A Nose for Trouble, he shares with us how he's been able keep his head through all the adversity in his career.

In this chat, Andy and I get the chance to learn a few things you won't hear on any other interview of his!