Monthly Archives: September 2018

[There were] serious shortcomings in the organization of Danske Bank, where risk appetite and risk control were not in balance.”

Report commissioned by the bank and completed by a Swedish law firm that found there was money laundering that was brought to the bank’s attention in 2007. The interesting part is that it was the Russians who warned the bank … Continue reading

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Mark Cuban Pays $10 Million, Hires an Ethics and Compliance Officer, and Installs a Hotline

The Mavericks workplace must have been one wild place. Executives viewed pornography and made sexual advances to co-workers, according to a 43-page report based on an NBA investigation. The report did not implicate Mr. Cuban, but employees told investigators that … Continue reading

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The Real Reason the CBS Board Fired Its CEO, Les Moonves

Initially, Shari Redstone, the controlling shareholder of CBS, took the position that Les Moonves, the CEO had to go. The directors were resistant and said they were willing to stay until midnight to get an agreement to stand 100% behind … Continue reading

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Sistine Chapel Choir Leaders Face an Investigation

“Vatican prosecutors look into possible money laundering, fraud, and embezzlement.” Now that is a headline and story no priest, minister, bishop, cardinal, or pope wants to see. Elisabetta Povoledo, New York Times, September 15, 2018, p. A8. The suspicion is … Continue reading

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The Code Violations in Tennis

Under the Grand Slam rules in tennis, coaching during the match is prohibited (ATP Code). It is a Code violation, and for the first code violation, players get a warning. Under those same rules, racket abuse is also prohibited. i) … Continue reading

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The Doc With Undisclosed Conflicts

The chief medical officer at the Memorial Sloan Kettering Cancer Center in New York City, Dr. Jose Baselga, forgot to disclose the millions of dollars that he received from Roche and Bristol-Myers Squibb and others for his work on cancer … Continue reading

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Truth Percolates — In Tennis Matches

The Grand Slam prohibits coaching from the stands to players on the court. In Saturday’s women’s finals match between Naomi Osaka and Serena Williams, the chair empire, Carlos Ramos, issued a warning to Ms. Williams because he had spotted her … Continue reading

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Recap on Elon Musk and Tesla

For those of you following the bouncing Elon, here’s a brief summary of his activities: 1. Tesla met its production goals of 5,000 S3 vehicles per week in June by adding a third production line in a tent, but has … Continue reading

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