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May 23, 2019 By Richard Bowen

Whistleblowers Who Save the World, A Korean Perspective

Image: Documentary crew interviewing Richard M. Bowen
Documentary crew interviews Richard M. Bowen about whistleblowing.

In Korea, whistleblowers are perceived to be disloyal to their companies and therefore branded as “traitors.” The South Korean Educational Broadcasting System (EBS) wants to change that perception via a one-hour documentary, airing June 6, that I am delighted to be part of.

I’ll be in good company. EBS contacted and interviewed Louis Clark, Executive Director of the Government Accountability Project (GAP), who gave them my name and Robert MacLean, the Federal Air Marshall Whistleblower. It was MacLean who successfully blew the whistle in 2003 on “agency plans that sought to secretly neutralize budget shortfalls from “buddy system” pork barrel contracts … by canceling long distance air marshal coverage.” “After public outcry and congressional outrage, DHS withdrew the order, and said it all had been a mistake…

However, three years later the agency fired Mr. MacLean by retroactively designating the previously unrestricted information he sent in a text message (his whistleblowing disclosure) as Sensitive Security Information (SSI), which is one of many secrecy categories created by government agencies for unclassified information.”

Freelance producer Won Young Park discusses making the documentary on whistleblowing:

The EBS team, producer Hong Seok Choi, cameraman Euisoeng Jeong and their U.S. counterpart, independent producer Won Young Park, visited with me in Dallas, interviewing me at the University of Texas at Dallas campus about my Citigroup whistleblowing and its ramifications.

The team has also interviewed Bob Matheson, Head of Advocacy and Advice for Protect, a UK company that works on protecting and advising whistleblowers.

He was asked what could be done to change the public perception of whistleblowers as traitors without loyalty for speaking up and for his suggestions to improve whistleblowing in South Korean society.

He said, by embedding a culture for the large magnitude of day-to-day wrongdoing, we familiarize society with what whistleblowing actually means, and pave the way for societal change… education and familiarization. A lot of the negative views towards whistleblowers come from a place of misunderstanding. Whistleblowers are in fact, integral to making our hospitals safe, our financial institutions stable, and our governments uncorrupt. Once what is at stake is made clear, who can really argue with that?

“Whistleblowers are often thought of as disloyal, and yet most individuals who I’ve spoken to are extremely loyal to the aims of the organization,” which I can personally attest to.

Working with EBS was an honor. The organization won numerous awards for their work in complementing public education. Their focus on informing, educating, engaging and enlightening has earned them five to ten times higher viewing ratings than other channels.

Image: Bowen and student Shengwei Wu talk while documentary crew films
Richard M. Bowen and student Shengwei Wu talk while documentary crew films.

Many parts of the world still have a negative outlook towards whistleblowing. The folks at EBS want this documentary to show that whistleblowing can be an honorable thing to do and is sometimes needed to protect the company, its stakeholders and the public.

I’m glad I got to contribute and be a part of what they are trying to accomplish.

Hold onto your wallets...
On my honor… the Compliance or Ethics Debate

Tagged With: Documentary, EBS, Euisoeng Jeong, Hong Seok Choi, Interview, Korean Perspective, South Korea, whistleblowers, whistleblowing, Won Young Park

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Richard Bowen is widely known as the Citigroup whistleblower. As Business Chief Underwriter for Citigroup during the housing bubble financial crisis meltdown, he repeatedly warned Citi executive management and the board about fraudulent behavior within the organization. The company certified poor mortgages as quality mortgages and sold them to Fannie Mae, Freddie Mac and other investors.

What People Are Saying About Richard M. Bowen

William D. Cohan"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst."

~ William D. Cohan, NY Times Best Selling Author
2017-06-30T10:08:59-05:00
"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst." ~ William D. Cohan, NY Times Best Selling Author
https://richardmbowen.com/testimonials/2556/

Eileen McDonnell"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger."

~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
2015-02-13T19:51:19-06:00
"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger." ~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
https://richardmbowen.com/testimonials/711/

Ben Stein"Richard Bowen, you are a star and a hero."

~ Ben Stein, Economist and Political Commentator
2015-02-13T19:50:26-06:00
"Richard Bowen, you are a star and a hero." ~ Ben Stein, Economist and Political Commentator
https://richardmbowen.com/testimonials/712/

Jim Farrell"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership."

~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
2014-12-28T19:48:17-06:00
"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership." ~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
https://richardmbowen.com/testimonials/532/

Dennis McCuistion"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years."

~ Dennis McCuistion, Host of the McCuistion TV program
2014-12-28T19:48:06-06:00
"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years." ~ Dennis McCuistion, Host of the McCuistion TV program
https://richardmbowen.com/testimonials/533/

Betty Garrett"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!"

~ Betty Garrett, Garrett Speakers International
2014-12-28T19:47:50-06:00
"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!" ~ Betty Garrett, Garrett Speakers International
https://richardmbowen.com/testimonials/531/

fred-timmons"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences."

~ Fred Timmons, Chairman of The Texas Society of CPA's
2014-12-28T19:47:22-06:00
"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences." ~ Fred Timmons, Chairman of The Texas Society of CPA's
https://richardmbowen.com/testimonials/530/

"The most emotional and impactful session was absolutely Richard Bowen and the Citi Mortgage case. I was somewhat aware of the challenges and hardships faced by whistleblowers. The HBR case and documentary on Sherry Hunt's experience provided a strong understanding of the case and overall situation. However, the nuance and emotion that Bowen brought in his lecture will be one of my lasting memories of the program. His unique perspective of the exhausting experience of constantly trying to do the right thing only to be stonewalled by his leadership, and later, the US government, highlights the challenges of doing the right thing, yet the importance of someone speaking up. Bowen made whistleblowing personal to us, and I will never forget his quote that if you see wrongdoing, you have two choices, "say something or get out." Taking a stand will have an enduring impact on your career and life regardless of the outcome. It certainly causes me to prioritize selecting the right corporate culture in my future organizations."

~ EMBA student review after Richard spoke to the class

2024-09-25T16:10:48-05:00
"The most emotional and impactful session was absolutely Richard Bowen and the Citi Mortgage case. I was somewhat aware of the challenges and hardships faced by whistleblowers. The HBR case and documentary on Sherry Hunt's experience provided a strong understanding of the case and overall situation. However, the nuance and emotion that Bowen brought in his lecture will be one of my lasting memories of the program. His unique perspective of the exhausting experience of constantly trying to do the right thing only to be stonewalled by his leadership, and later, the US government, highlights the challenges of doing the right thing, yet the importance of someone speaking up. Bowen made whistleblowing personal to us, and I will never forget his quote that if you see wrongdoing, you have two choices, "say something or get out." Taking a stand will have an enduring impact on your career and life regardless of the outcome. It certainly causes me to prioritize selecting the right corporate culture in my future organizations." ~ EMBA student review after Richard spoke to the class
https://richardmbowen.com/testimonials/4629/

Presentation Topics

Playing for High Stakes: The Principles and Practice of Ethical Leadership

Dark Citi: The Story of a Whistleblower

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Now an ethical leadership speaker, Richard Bowen was Citigroup's Business Chief Underwriter during the housing bubble.

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