Corporate executives minimize and displace blame for systemic wrongdoing onto renegade individuals

Evidence

Michael Corbat, chief executive of Citigroup, minimized the seriousness of the criminal conduct, characterizing it as “an embarrassment to our firm.” … Chief executive Jamie Dimon of J.P. Morgan Chase shifted the blame to a few renegade traders: “The lesson here is that the conduct of a small group of employees, or of even a single employee, can reflect badly on all of us” … Executives are acutely aware of the profitability of their traders but exhibit collective blindness to the means they use. — Albert Bandura, Moral Disengagement, 1602

Categorization

• XREF: Directly instantiates Bandura’s displacement and diffusion of responsibility mechanisms; supports the reader’s existing vault claims about ordinary people rationalizing harmful policy via blame-shifting. — connects to: Corporations resist ethical chastisement because they are not human individuals — Mark Fisher, Capitalist Realism: Is There No…, 145
• corroborated: 2 independent passages support this claim — Albert Bandura, Moral Disengagement: How People Do Harm…, 1602