Dan Weedin Unleashed-40It looks like the story of the four U.S. swimmers being robbed is a fabrication. If that is clarified, it takes on the impact on the grand scale of former NBC news anchor Brian Williams and his expansion of the truth dealing with his involvement with enemy fire in the Middle East. Believe me, the new “enemy fire” will be aimed right at these four swimmers and will haunt them for years, if not their entire lives.

This morning’s NY Times story – read here – is shedding light on what really happened a few nights ago in Río de Janiero.Ryan Lochte is the most well known of the quartet of athletes and he served as the poster boy for the media. His tale is all about having a gun pointed to their heads and fearing that they wouldn’t make it out alive. Well, he made it back to the United States before his buddies, who were unceremoniously dragged off the plan by Brazilian authorities for more questioning.

You can read the entire story for yourself. Suffice it to say, there appears to be some monkey business going on. This “tall tale” looks like it’s been invented to cover up for some misdeeds committed after the swimming competition was over, and the Americans shone as one of the brightest stars.

How does this affect you?

As a business leader (owner, manager, executive), you deal with people all the time that have reason to be untruthful. Your biggest concern should be with your employees. While I believe you should begin any relationship like this as trusting, you need to be vigilant on what the truth is becasue it affects your company. While you may never get into fabrications as large as this one, small white lies can cost you money. They can range from untrue resumes, explaining why someone is consistently late to work, to thievery (I have one client that had $25,000 stolen over time from their bookkeeper).

You also have an obligation not to be untruthful with employees. There’s ample opportunity to withhold information or stretch the truth for your own purposes.

Look, the bottom line comes down to trust and transparency. This incident is going to have serious ramifications on the swimming program and the United States. Lying is most often used to cover up something that is awkward, unpleasant, or embarrassing. If we are honest, at some point in our lives we have all been guilty to some extent. However, creating a culture of playing for each other (as outlined in my book Unleashed Leadership), will prevent the really embarrassing and potentially damaging consequences for you and your business.

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