In this interview, Harvard Business School Professor Michael Jensen defines 'integrity', explains how it differs from morality and ethics, and argues that the effects of out-of-integrity behavior are significantly more damaging than most of us believe. He explains that people are not the only ones that can have integrity: objects and systems can have it too - indeed, they can only obtain maximum performance by maintaining integrity. He describes the distinction between the integrity of design, the integrity of implementation and the integrity of use. Reflecting on the 2008-09 finance crisis, the author says that putting the economic system back in order is deceptively simple: "people have to start honoring their word. If they do, trust will materialize almost instantly."
Read the full interview