Whistleblowing

Don't blame the squealer

Whistleblowers are not generally liked, but more of them are needed to break the code of silence in the finance industry that allows illegality to prevail. The Tour de France teaches some lessons.
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Professional cycling and investment banking could both do with more whistleblowers
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<div style="text-align: left;"> Professional cycling and investment banking could both do with more whistleblowers </div>

As the Tour de France enters its final stages, it is impossible not to marvel at the spectacle of the world’s greatest annual sporting event. The cyclists are superb athletes, and this year Bradley Wiggins is leading Team Sky into the Pyrenees with the prospect of overall victory and celebration for Britain and Rupert Murdoch.

Investment banking and professional road cycling have a lot in common. There are huge financial rewards for a few star performers who are supported by a vast but far less well-paid chorus. The prima donnas call the shots setting the standards of behaviour, forging the culture and imposing their interpretation of tradition.

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