Monthly Archives: June 2017

“I looked right at him, and in my head I said, ‘That’s a snake’ — not knowing who he was.”

A potential juror during voir dire in the jury trial (for securities fraud) of Martin Shkreli. Other potential jurors, who were struck one-by-one, did not have much better, even after the judge reminded the potential jurors that the trial was … Continue reading

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“Marketplaces don’t work when people are cheating.”

Travis Kalanick, Founder and Former CEO, Uber. Hmmmm.

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Uber: The Gang That Can’t Shoot Straight

Uber was a Schumpeterian success. The creative destruction of the cab/Lincoln Town car transportation model. Independent contractors driving folks around in their own cars on their own schedules. Uber was hip, groovy, defiant, and the company the sophisticated opted to … Continue reading

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The NCAA Report “Does Not Identify a Single Specific Thing That Coach Pitino Should Have Done. . . “

Scott Thompsett, lawyer for Louisville head basketball coach, Rick Pitino, handling Mr. Pitino’s appeal of NCAA sanctions against him for the former director of operations providing strippers and prostitutes to basketball recruits in the basketball dorm on the campus. Actually, … Continue reading

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“8 Years of Rust Show as Senate Ethics Committee Finally Has Meeting”

New York Times, June 16, 2017, p. A24. Now there’s a headline. The headline refers to the ethics committee of the New York State Assembly. And it only took 12 senators being convicted of crimes and a host of various … Continue reading

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Why Goldman Sachs Fund Managers Scooped Up Venezuelan Bonds Without Checking First

Goldman Sachs fund managers did not hesitate when a brokerage firm offered to sell them Venezuelan bonds for pennies on the dollar. Why not hop in and help fund a government that has left its people without food, toilet paper, … Continue reading

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Curley, Schultz, and Spanier of Penn State Sentenced to Prison

For endangering the welfare of a child, the former president, a senior vice president, and athletic director were sentenced by a Pennsylvania judge to a minimum of two months in prison, with varying additional confinement time among the three, fines, … Continue reading

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The key to the bottom line is the top line . . . if we had to select only one goal, it would be revenue growth.

From Wells Fargo’s mission statement in 2012. They did indeed get the revenue growth — on the retail side, Wells sold its retail customers an average of 5.9 products each. Wells led the industry in that per customer figure. However, … Continue reading

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