Jim Quigley poses with his wife, Bonnie Quigley in front of the "A" by Old Main. (Photo by Steve von Niederhausern
By Steve Eaton, editor
The CEO of Deloitte Touche Tohmatsu told a group of business leaders and students in Salt Lake City last year that trust is essential for businesses to function effectively, insisting that there is no substitute for a strong code of personal ethics.
Jim Quigley, ’74, accounting, was speaking at Utah State University’s Partners In Business Leadership Seminar held in Salt Lake City last fall.
Mr. Quigley focused much of his keynote address on the importance of ethics in the workplace. He explained that when a business leader has to seek out multiple opinions within a firm because of a lack of trust, that slows progress. The same is true when businesses can no longer trust each other.
“Trust and confidence are absolutely essential in order for a market to function,” he said. “When trust comes out of the market and confidence comes out of the market; that market can no longer function effectively.”
Mr. Quigley praised the Jon M. Huntsman School of Business for its focus on ethics and specifically said he found the Huntsman Scholar pledge to hold to high ethical standards refreshing.
“If you want to be a Huntsman Scholar, you need to accept personal responsibility for your conduct,” he said.
Mr. Quigley drew an analogy between conditioned cyclists in the Tour de France, saying that the winner is always the person who rides the strongest in the mountains. He said he uses that analogy to motivate himself and other leaders in his company to excel during tough economic times.
In his introduction of Mr. Quigley, Dean Douglas D. Anderson said that the CEO has become “a legend at USU.”
“He is one of the nation’s most recognized spokesmen for honesty, integrity and ethics in the corporate world today,” he said. “As CEO of Deloitte Touche Tohmatsu, he plays an enormously important role in setting the standards of the accounting profession and helping to raise those standards.”