Monthly Archives: May 2018

It Depends on the Meaning of Default When It Comes to Student Loans

Educational institutions can lose their federal funding if they have an excessive number of loan defaults among their graduates. An excessive rate is measured using the figure of how many of an institution’s graduates default within 3 years of graduation … Continue reading

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Wells Fargo: Another Problem

Apparently in their haste to meet the requirements for a consent decree on its anti-money laundering controls, Wells Fargo employees improperly altered information on documents related to corporate customers. The employees were adding Social Security numbers, addresses, and dates of … Continue reading

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Hundreds of Cryptocurrencies Show Hallmarks of Fraud

Do you think? Another “No Surprises Here” headline. Fake founders. Fake photos. Ah, the world of Internet currencies.

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Wells, Again. This Time? Keeping Client Rebates

Even as Wells continues to run its two-page ads that explain how much it has changed, the more things remain the same. The latest ethical issue is Wells’ admission that it pocketed client rebates that the clients had coming from … Continue reading

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When You Can’t Sell Your Mansion, Check with the Help

The owners were asking $10 million for their Los Angeles home. They had plenty of interest and traffic, but no one who looked at their home ever made an offer. After months of no interest, the couple’s wise real estate … Continue reading

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16% of employees have made something up or embellished facts in their performance reviews

We all had figured that out sometime ago, but are surprised the number is so low. However, the real surprise in the survey is the reason the embellishers embellish — they knew that their bosses would not know the difference. … Continue reading

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Barclay’s CEO Must Pay $868,501 for Tracking Down the Identity of a Whistleblower

Jes Staley, the CEO of Barclay’s was incensed about the content of an anonymous letter than bank had received from “John Q. Public,” expressing concerns about a hire that Mr. Staley had made of a former colleague of his at … Continue reading

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Hit-and-Run Accidents: A Character Failure

Since 2009, the number of hit-and-run vehicle deaths has increased 60%. The total was 2,049 for 2016. Running away from the mortally wounding is a shocking act. An act that reflects a lack of character. That these cowardly acts of … Continue reading

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Ouch: Elon Musk Tells Analyst on Earnings Call that His Question is “Boneheaded” and “Boring”

When hubris kicks in, collapse is not far behind. Tesla’s stock fell over 5% with the testy behavior of Tesla’s CEO. Iconic CEOs spell trouble when it comes to companies and their futures.

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VW’s Former CEO Indicted by U.S. for Emissions Falsification Scandal

Martin Winterkorn, CEO of Volkswagen from 2007 to 2015 was indicted for conspiracy and wire fraud in connection with the company’s emissions testing in the United States. Volkswagen indicated that It was cooperating with U.S. officials, bit neither Mr. Winterkorn … Continue reading

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Assuming the Risk of Uber for the Lower Cost

The New York Times Ethicist had another gem on ethics. A family called for an Uber and, Surprise! a driver who did not seem to be acquainted with English or the area, showed up as their means of transportation. The … Continue reading

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Climbing Sycophants: 43% of employees say that “acting interested in the dumb stories of bosses is moderately important in being promoted”

Thanks to USA Today and Bridge by Instructure for this tidbit on fear and silence in the workplace.

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Senator Robert Menendez is “Severely Admonished” by the Senate Ethics Committee: Gasp!

Oh, what times are these when New Jersey senators who were tried on corruption charges for accepting gifts from one Salomon E. Melgen are given a serious tongue lashing. The trial ended with a deadlocked jury. But, the Senate Ethics … Continue reading

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New Wells Fargo Investigation: This Time It’s Employee Retirement Funds

The Labor Department is now investigating Wells Fargo. The investigation centers on a push by the bank to have employees move their retirement funds form 401(k) plans (a low cost option for them) to individual IRA accounts (more expensive). The … Continue reading

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