Welcome to the GalloCast. You have heard of the Manningcast in football. Now we have the GalloCast in compliance. The two top brothers in compliance, Nick and Gio Gallo, come together for a free-form exploration of compliance topics. It is a great insight into compliance brought to you by the co-CEOs of ComplianceLine. Fun, witty, and insightful with a dash of the two brothers throughout. It’s like listening to the Brothers Gallo talk compliance at the dinner table. Hosted by Tom Fox, the Voice of Compliance.
Topics in this episode include:
- ABB-how, the company’s leadership, made cooperation with the DOJ such a priority that even though it was a threepeat offender, it got a discount from the fine and no monitor.
- Danske Bank-how the simple decision not to integrate the Estonia branch into the home company’s ERP and DD systems led to a catastrophic failure of over $260bn in money laundering.
- Wells Fargo was fined $3.7bn this week. Since 2000, the bank has paid over $22bn in fines and penalties. Why can’t the bank fix its broken culture?
- Elon Musk and Leadership. Why is stability or something like it so critical in the corporate arena?
- The patriots lose on the final play in what has been called the ‘stupidest play of all time.’ Belichick said it was a lack of ‘situational awareness. Why does a leader need to be aware of the facts and circumstances for each decision?
Resources
Nick Gallo on LinkedIn
Gio Gallo on LinkedIn
