In today’s edition of Daily Compliance News:
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What are the leadership lessons from Oscar-winning Best Picture Platoon? It was a very personal film for Stone, having served in Vietnam, he wrote the screenplay as a response to what he saw as the inaccurate propaganda from John Wayne’s film The Green Berets. It is the story of an idealist volunteer, Taylor, who wanted to see what war was like. There is a ROTC trained Second Lieutenant, Wolfe but the platoon is run by two lifers, Sergeants Barnes (the bad one) and Elias (the good one). Stone also won Best Director and the film won two additional Oscars for Best Editing and Best Sound Mixing.
One commentator, on the website Platoonics in blog post entitled Platoon Analysis of the Movie and Comparison to Business World Today cited Barnes as a pure transactional leader, contrasted with Elias who he characterized as transformational leader. He wrote of Barnes, such leads guide[s] or motivate[s] their followers in the direction of established goals by clarifying role and task requirements . The followers of such leaders simply obey orders . Such leadership is necessary within the military since failure means the loss of lives. He goes on to note that Barnes demonstrates his leadership style the afternoon before the ambush, when he gives the orders of who will go on duty that night. However, the failure of this style is shown, with the death of the new recruit, Gardner. Yet Barnes is able to give the orders, and effectively run the platoon, because of his reliance on deterrence-based trust. Deterrence-based trust will work only to the degree that punishment is possible, consequences are clear and the punishment is actually imposed .
Elias contrasts with a charismatic type of leadership style which provide[s] followers with meaning by constructing and communicating a vision, or image, that articulates followers values while allowing them to express their identity through a shared collective vision. He writes that Elias displays two key attributes of a charismatic leader, extraordinary behavior and acting as an agent of change. As a change agent, it is Sgt. Elias s challenge to Sgt. Barnes in the village scene with the little girl and the reporting to the Captain. His extraordinary behavior is shown in his prescience of knowing where the enemy will come from, how to outflank them, and his superhuman effort to take on a seemingly entire Viet Cong army by himself.
Both of these types of leadership styles can work but they both have consequences and may not work all the time. The consequences of Barnes make it painfully obvious that transactional leadership may not be the most effective type of leadership. In order to retain his place as leader, Barnes eliminates his conflict, his enemy, his fellow soldier and American, quite ruthlessly, without much thought as to the consequences or considering the Big Picture. His ability to give orders also caused him to not objectively consider the objections raised by Sgt. Elias and could have prevented the death of Gardner. Barnes just wants to make it out alive, unfortunately killing or letting all those in his way die.
As for Elias, His unwavering belief in his vision ultimately leads to his death by the hands of Sgt. Barnes. While his values and parts of his vision are cherished by the rest of the Grunts, Sgt. Elias embodies the vision. When he died, in essence, there is no one to stand up and support what he believed there is no new standard bearer. In other words, Elias had not trained any other soldier for succession or prepared anyone else to step up to the leadership role when required to follow through with his vision.
Platoon is still a powerful movie. The firefight scenes are some of the most realistic ever filmed. One innovation Stone used was to subject the actors to a grueling 30-day boot camp, led by Vietnam War veteran Dale Dye. In the boot camp, the actors were limited to how much food and water they could drink and eat. When they slept, Dye and his crew fired blanks to keep the tired actors awake. Stone said that he was trying to break them down, “to mess with their heads so we could get that dog-tired, don’t give a damn attitude, the anger, the irritation… the casual approach to death”. Willem Dafoe said of the total immersion experience “the training was very important to the making of the film,” adding to its authenticity and strengthening the camaraderie developed among the cast: “By the time you got through the training and through the film, you had a relationship to the weapon. It wasn t going to kill people, but you felt comfortable with it.”
There are multiple leadership lessons to be garnered from the film. The stereotypes of Barnes and Elias demonstrate that both styles have merit yet when not paired with additional leadership factors, can lead to catastrophic failure. Perhaps the final word best comes from Stone himself who gave an interview to Chartered Accountants ANZ Chief Executive Lee White about the film.. But at least one thing remains key whether your business is in the arts, manufacturing or services. The leadership has to be authentic. Stone went on to note that “You are tryin to get different groups working together bringing it all together without fighting each other. Making a movie is like leading a business with multiple divisions and multiple goals. The challenge is to galvanize all the stakeholders into a cohesive operation working towards a shared vision.”
In today’s edition of Sunday Book Review:
- New Rome by Paul Stephenson.
- The Rich and the Pure by Daniel Caner.
- The Formation of Christendom by Judith Herrin.
- The Last Great War of Antiquity by James Howard Johnson.
MCU Series- Iron Man 3
In this podcast series, two complete MCU fans, Tom Fox, founder of the Compliance Podcast Network and Megan Dougherty, co-founder of One Stone Creative indulge in passion for all things in the Marvel Cinematic Universe by re-watching each movie and then podcasting on every movie in the MCU. If you want to indulge in your love for the MCU with two fans who are passionate about all things MCU, this is the podcast series for you. For this offering, we consider he often under appreciated offering from the MCU series – Iron Man 3.
Some of the highlights include:
Ø The story synopsis.
Ø What are the key plot points?
Ø What were some of our favorite cookies?
Ø How does this movie fit into the overall MCU?
Ø How is this movie an homage to prior non-MCU movies?
Next up in our series Thor Dark World.
In today’s edition of Daily Compliance News:
• FED rolls out stock trading restriction policy. (NYT)
• Banks used to fight Ottawa rogue truckers. (WSJ)
• China objects to Chinese e-commerce company designation. (Reuters)
• Crumbling and dissolving Hawaii ABC unit. (Honolulu Civil Beat)
Ethics and compliance professionals believe in their mission – if they did not, they would not be in the field. E&C professionals believe in the power of positive thinking, ethical conduct, and the overall ability of an organization to operate as an “ethical” company. They work for their mission, and it is a positive mission. The New Year is a great time for E&C professionals to take stock of their compliance programs and plot out a path forward. Luckily for most compliance professionals, there are many opportunities to advance their objectives. E&C is poised for another big jump on the corporate governance ladder, and this is a big year for E&C professionals to push their respective companies to support such efforts. There are three significant trends that will continue to play out this year that create opportunities. These three trends, which I will discuss in greater detail, are:
(1) the continued emphasis on the importance of corporate culture;
(2) the importance of ESG and, in particular, the “G” element;
(3) the current Administration’s aggressive enforcement and regulatory initiatives.
In this episode, Michael Volkov reviews these important ethics and compliance trends.
OFAC Sanctions Pretend NGO
OFAC sanctions World Human Care, a pretend humanitarian NGO for financing violent extremists.
Super Sunday passed with fun but poorly played, poorly officiated, and poorly coached. Tom and Jay are back to look at some of the week’s top compliance and ethics stories this week in the Rams Win It All Edition.
Stories
- Ericsson is in more FCPA trouble. Mengqi Sun in the WSJ Risk and Compliance Journal. Aaron Nicodemus in Compliance Week. (sub req’d)
- DD impeding compliance in developing markets? Katya Lysova explores in the FCPA Blog.
- ESG-no longer a nice to have. Karen Alonardo in Risk and Compliance Matters.
- State AGs are waiting. Ashley Taylor and Chris Carlson in CCI.
- The latest case on CCO liability. Matt Kelly in Radical Compliance.
- Broken windows and compliance enforcement. Anthony O’Reilly in Compliance and Enforcement.
- Companies yet again ask the EU for rules around ESG. Lawrence Heim inpracticalESG.
- White-collar enforcement trends in 2021. Jamie Rosenberg in Grand Jury Target.
- HP-Autonomy from the auditors’ perspective. Francine McKenna in The Dig.
- South African courts deny Zuma’s attempt to remove the SA corruption prosecutor. Rick Messick in GAB.
Podcasts and More
- In February on The Compliance Life, I visited Ellen Smith, a former Director of Trade Compliance who recently started her consulting firm. In Part 1, she discussed her academic background and early professional career. In Part 2, Ellen discussed her move in-house. In Part 3, Ellen discusses being a part of the Compliance Dream Team at Weatherford.
- Tom and Richard Lummis are in the middle of their annual review of Best Picturing winning movies on 12 O’Clock High, a podcast on business leadership. Part 1 reviews Schindler’s List for leadership and ethical lessons. In Part 2, the look at Gladiator.
- CCI releases a new e-book from Mike Volkov, “Compliance Culture Revolution.” Available free from CCI.
- Tom looks at some innovation in compliance with a 3-part blog post series in the FCPA Compliance and Ethics Blog. Topics include Compliance Ecosystem Governance, Compliance Branding, Building Culture & Compliance Coaching.
- Are you a Star Wars fan? How about an uber-Geek? You will love the 5-part series appearing next week on the Greeting and Felicitations podcast series on the Compliance Podcast Network if you are either or both. In this series, Tom visits astrophysicist Dr. Ben Locwin on the following topics: Traveling in Hyperspace, Fighting with a Light Saber, Mechanical Prosthetics, Cyborgs and Robots, and the Death Star. It is a ton of fun, and you will love it. Each episode will post at 10 each day next week. Check it out daily.
Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com.
In today’s edition of Daily Compliance News:
- NY AG can question Trump, kids under oath. (NYT)
- SEC widens investigation into Activision Blizzard. (WSJ)
- Surprise Surprise, BoJo drops Minster to fight corruption. (Business Insider)
- Tesla says SEC being unfair to Musk. (WSJ)
BIS Update to Unverified List
Commerce Department’s BIS issues revisions to the Unverified List; adds 33 Chinese entities.