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Bankers communicating wrongdoing and failure: Apologies or apologetics?

  • Ruth Breeze

    Ruth Breeze is Principal Investigator of the Public Discourse Research Group at the Institute for Culture and Society, University of Navarra, Spain. She is coeditor of Pandemic and Crisis Discourse: Communicating COVID-19 and Public Health Strategy (with Andreas Musolff, Kayo Kondo and Sara Vilar-Lluch, Bloomsbury, 2022), and Imagining the Peoples of Europe. Populist discourses across the political spectrum (with Jan Zienkowski, John Benjamins, 2019).

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Published/Copyright: March 17, 2022

Abstract

This paper analyses letters to shareholders by bank presidents in the ten years after the financial crisis to establish whether apologies for corporate wrongdoing and mismanagement are present, and if not, how these negative aspects are communicated. Apologies and quasi apologies are shown to be part of a wider repertoire of strategies including alignment with those affected, disassociation from negative events, scapegoating of perpetrators, and promises of future good conduct. These findings are discussed in terms of the banks’ ongoing relationship with shareholders, and their wider reputation management endeavours.

About the author

Ruth Breeze

Ruth Breeze is Principal Investigator of the Public Discourse Research Group at the Institute for Culture and Society, University of Navarra, Spain. She is coeditor of Pandemic and Crisis Discourse: Communicating COVID-19 and Public Health Strategy (with Andreas Musolff, Kayo Kondo and Sara Vilar-Lluch, Bloomsbury, 2022), and Imagining the Peoples of Europe. Populist discourses across the political spectrum (with Jan Zienkowski, John Benjamins, 2019).

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Published Online: 2022-03-17
Published in Print: 2021-07-27

© 2021 Walter de Gruyter GmbH, Berlin/Boston

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