It is one of those stories bound to cause discomfort in business circles around the world: A top executive at InterContinental Hotels has resigned following a review of his academic qualifications “as previously presented to the company.” Patrick Imbardelli, chief executive of IHG’s Asia Pacific region, announced his resignation Thursday, just a month after his appointment as an executive director. “Everybody does it”, says Lombard. You will hear this refrain in coming days as people pick over the Imbardelli CV-padding scandal. He was a well-liked, effective and award-winning hotelier, set to go even higher. His resignation must be viewed as a loss to IHG. So why not fight to keep him, explain the waiver of the ethics policy in a regulatory filing and continue to benefit from his undoubted talents? For two main reasons: principle and precedent, concludes Lombard. Separately, the FT examines the growing use of those “little white lies”.
Cheats found to prosper
Before you let anyone tell you that this executive caught lying is a parable showing that cheats never prosper, or that this executive was ill-advised, consider that it took him to almost the highest level, and seven years of employment, in which he go…