• Gallocast-Episode 6

  • Dec 23 2022
  • Length: 39 mins
  • Podcast

Gallocast-Episode 6

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  • Summary

  • 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 on 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 fined $3.7bn this week. Since 2000, the bank as paid out over $22bn in fines and penalties. Why can’t the bank fix it broken culture? Elon Musk and Leadership. Why is stability or something like it so critical in the corporate arena. Patriots lose on 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 Ethico
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