As we recover, reopen, and rebuild, it’s time to rethink the importance of Trust. At no time has it been more tested or more valued in our leaders and each other. Trust is all encompassing. Physical. Emotional. Digital. Financial. Ethical.
The nest egg is necessary because the loss of trust can be costly. We looked at three large companies hit by a trust-related scandal that led to regulatory or government intervention. Before the scandal, each of these companies had a market cap of at least $10 billion. Afterward, their market cap declined 20 to 56 per cent for a combined loss in total value of roughly $70 billion.
Trust is all encompassing. Physical. Emotional. Digital. Financial. Ethical.