{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,8,12]],"date-time":"2026-08-12T16:52:32Z","timestamp":1786553552620,"version":"build-2736575974"},"posted":{"date-parts":[[2012]]},"group-title":"SSRN","reference-count":0,"publisher":"Elsevier BV","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"abstract":"<jats:p>We argue here that the four factors we identify as constituting the foundation for being a leader and the effective exercise of leadership can also be seen as the foundations not only for great leadership, but also for a high quality personal life and an extraordinary organization. One can see this as a \u201cvalue free\u201d approach to values because, 1) integrity as we define it (being whole and complete) is a purely positive proposition, 2) authenticity is also a purely positive proposition (being and acting consistent with who you hold yourself out to be for others and who you hold yourself to be for yourself), 3) being committed to something bigger than oneself is also a purely positive proposition (that says nothing about what that commitment should be other than it be bigger than oneself), and 4) and 4) being cause in the matter as a declaration of the stand you take for yourself regarding everything in your life is also a purely positive proposition.\n\nWe apply these principles to the Goldman Sachs' experience with the Abacus Mortgage Backed Securities Scandal in which Goldman violated 7 of their 13 Goldman Business Principles. In addition, Goldman paid a $550 million fine to the SEC, a record at that time.\n\nBackground: This address is based on our leadership research program (conducted with Steve Zaffron and Kari Granger over the last eight years). That research is designed to discover what it actually takes to create leaders \u2013 that is, to leave participants at the end of the course being leaders and effectively exercising leadership as their natural self expression. \n\nAccess to the full 1041 pages of the slide-deck textbook and other material used in the Leadership Course given at Cancun, Mexico, 22-30, October 2013 is available at: &lt;a href=\"http:\/\/ssrn.com\/abstract=1263835\"&gt;http:\/\/ssrn.com\/abstract=1263835&lt;\/a&gt;.<\/jats:p>","DOI":"10.2139\/ssrn.2050202","type":"posted-content","created":{"date-parts":[[2012,5,9]],"date-time":"2012-05-09T12:07:29Z","timestamp":1336565249000},"source":"Crossref","is-referenced-by-count":0,"title":["The Four Foundations of a Great Personal Life, Great Leadership and a Great Organization"],"prefix":"10.2139","author":[{"ORCID":"https:\/\/orcid.org\/0009-0002-2046-4999","authenticated-orcid":true,"given":"Werner","family":"Erhard","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Michael C.","family":"Jensen (Deceased)","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","container-title":[],"original-title":[],"deposited":{"date-parts":[[2026,8,12]],"date-time":"2026-08-12T16:26:48Z","timestamp":1786552008000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.ssrn.com\/abstract=2050202"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012]]},"references-count":0,"URL":"https:\/\/doi.org\/10.2139\/ssrn.2050202","relation":{},"subject":[],"published":{"date-parts":[[2012]]},"subtype":"preprint"}}