July 12, 2024

Richardson Column in The Free Lance-Star

UMW College of Business Dean Lynne Richardson

UMW College of Business Dean Lynne Richardson

College of Business Dean Lynne Richardson’s weekly column in The Free Lance-Star explores how business owners should manage the people who handle the books. Read TRUST, BUT VERIFY.

 

TOO OFTEN, I read about organizations that have employees embezzle money. In the last year in my community, an organization had it happen to them for the second time in about five years. That really makes me scratch my head.

I am biased as a business school person, but shouldn’t everyone know a little bit about business? And if it’s a business you own, wouldn’t you really want to understand what’s going on?

I have a friend who is fond of saying, ‘trust, but verify.’ I think he’s onto something. Read more.