Introduction
When we talk about the whistleblowers, we often have different ideas on our minds concerning them as they have significant, but complicated roles in our society. Therefore, the paper discusses the different types of whistleblowers, together with the laws that protect them. Nevertheless, the study uses a case of Sherry Hunt, which gives a practical example about the whistleblowers.
Summary
Whistleblowers can be divided into two broad categories, that is the internal and external whistleblowers. The internal whistleblowers refer to individuals who report the suspected illegal activity and concern to the company. To encourage the internal whistleblowers, most of the companies set up hotlines and make sure that they protect the information …show more content…
Apparently, before exposing any irregularity or a concern to either the company or the external stakeholders, the whistleblowers take some considerable time to acquire a solid basis for their claims. As discussed below by the use of an illustrative example, there is a sequential decision-making process applied by the whistleblowers.
Sherry Hunt, a mother of two sons, worked as a vice president and chief underwriter of the correspondent channel at CitiMortgage's headquarters. There before, Sherry Hunt had worked in several top banks in the United States; therefore, she had a long working experience with different financial institutions. Sherry was always proud and happy with her job, as her clients could achieve their goals through her work. Unfortunately, in 2005, she was faced with an agonizing decision on her career, where she discovered a Citibank mortgage fraud. (Waytz & Kilibarda, 2014)
From 2004, Hunt had started reporting to her supervisor that some illegal loans should not be purchased or offered to the clients. However, her supervisor ignored her report and tried to cover the truth. Nevertheless, Hunt decided to be a whistleblower instead of keeping quiet and watch for things to go wayward. Shery chose to be an internal whistleblower, where she aired the problems to Richard Bowen, who was the REL's business chief underwriter for correspondent …show more content…
Nevertheless, this did not also hinder her from conducting her role, as she summarized the defect findings and sent them to Bowen. Citibank did not take any action to solve the problem; instead, it retaliated against her. In 2009, Hunt’s team of two was put in the corner by Citibank (Waytz & Kilibarda, 2014). Luckily, she acquired significant information from Dodd-Frank Act and filed a whistleblower lawsuit against Citibank. (Gallagher, 2012). From that date, Sherry Hunt became an external whistleblower.
Changing from an internal to an external whistleblower, Hunt developed another motive, where she made it clear that she was not doing it for the money. It is clear that she did not do it to get any financial gain; instead, it was like a form of revenge as she had suffered from an unequal treatment since when she reported the defect mortgage about the Citibank. Hunt’s motive this time was more hidden and complicated than
When we talk about the whistleblowers, we often have different ideas on our minds concerning them as they have significant, but complicated roles in our society. Therefore, the paper discusses the different types of whistleblowers, together with the laws that protect them. Nevertheless, the study uses a case of Sherry Hunt, which gives a practical example about the whistleblowers.
Summary
Whistleblowers can be divided into two broad categories, that is the internal and external whistleblowers. The internal whistleblowers refer to individuals who report the suspected illegal activity and concern to the company. To encourage the internal whistleblowers, most of the companies set up hotlines and make sure that they protect the information …show more content…
Apparently, before exposing any irregularity or a concern to either the company or the external stakeholders, the whistleblowers take some considerable time to acquire a solid basis for their claims. As discussed below by the use of an illustrative example, there is a sequential decision-making process applied by the whistleblowers.
Sherry Hunt, a mother of two sons, worked as a vice president and chief underwriter of the correspondent channel at CitiMortgage's headquarters. There before, Sherry Hunt had worked in several top banks in the United States; therefore, she had a long working experience with different financial institutions. Sherry was always proud and happy with her job, as her clients could achieve their goals through her work. Unfortunately, in 2005, she was faced with an agonizing decision on her career, where she discovered a Citibank mortgage fraud. (Waytz & Kilibarda, 2014)
From 2004, Hunt had started reporting to her supervisor that some illegal loans should not be purchased or offered to the clients. However, her supervisor ignored her report and tried to cover the truth. Nevertheless, Hunt decided to be a whistleblower instead of keeping quiet and watch for things to go wayward. Shery chose to be an internal whistleblower, where she aired the problems to Richard Bowen, who was the REL's business chief underwriter for correspondent …show more content…
Nevertheless, this did not also hinder her from conducting her role, as she summarized the defect findings and sent them to Bowen. Citibank did not take any action to solve the problem; instead, it retaliated against her. In 2009, Hunt’s team of two was put in the corner by Citibank (Waytz & Kilibarda, 2014). Luckily, she acquired significant information from Dodd-Frank Act and filed a whistleblower lawsuit against Citibank. (Gallagher, 2012). From that date, Sherry Hunt became an external whistleblower.
Changing from an internal to an external whistleblower, Hunt developed another motive, where she made it clear that she was not doing it for the money. It is clear that she did not do it to get any financial gain; instead, it was like a form of revenge as she had suffered from an unequal treatment since when she reported the defect mortgage about the Citibank. Hunt’s motive this time was more hidden and complicated than