Category Archives: News and Events

Describes new books, articles, and upcoming speeches.

McKinsey & Co. and the Duty to Disclose

The McKinsey RTC division of McKinsey & Co. participated in the restructuring of United Airlines, American Airlines, Edison Mission Energy, NII Holdings, Inc., Alpha Natural Resources, Inc. and SunEdison, Inc. McKinsey RTC was an adviser to those companies during their … Continue reading

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One of the Worst Quotes from the Justice Department Inspector General Report on the FBI Investigation of Hillary Clinton’s Private E-Mail and Server

FBI attorney Lisa Page and Peter Strzok, paramours, engaged the following in their preparation for questioning then-candidate Hillary Clinton about her e-mails, server, and destruction of both: 10:52 p.m., Page: “One more thing: she might be our next president. The … Continue reading

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Training Can’t Solve These Problems

Members of Congress, the broadcast industry, and Hollywood producers were removing their clothes in offices and elevators. Paul Ryan’s congressional solution is sexual harassment training for all members of congress and their staff. A Starbucks manager handles a non-paying customer … Continue reading

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“Mediterranean-Diet Study Is Retracted, Then Reissued With Same Findings.”

New York Times, June 14, 2018, p. A23. Hold the olive oil — no one is clear on this one. Issue, retract, reissue, and still no one can replicate. Turns out the folks in the villages where the subjects eating … Continue reading

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“Bitcoin Price Was Manipulated, Fueling ’17 Boom, Study Finds”.

New York Times, June 14, 2018, p. B1. Well, la-de-da! I think we knew that.

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Clint Walker: A Good Guy on “Cheyenne” and a Good Guy in Real Life

Clint Walker was a struggling young actor in the 1950s, securing minor parts in Bowery Boys’ films. Then came an opportunity to meet with Cecil B. DeMille about his film, “The Ten Commandments.” On the way to his chance-of-a-lifetime meeting, … Continue reading

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In the “You Got Some Nerve” Department: The Professor Behind AIG’s 1996-2008 Risk Models

Professor Gary Gorton of Yale University served as a consultant for AIG from 1996-2008. Professor Gorton’s job was to devise computer models for AIG to use to gauge the risk in those delightful derivatives — credit-default swaps. The Barometer could … Continue reading

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This Stuff Just Comes Out: Matt Patricia and Luke Heimlich

For both Matt Patricia, the new head coach of the Detroit Lions, and Luke Heimlich, an Oregon State baseball player with amazing talent, the sudden emergence in the media about their alleged sexual misconduct, 22 years and 6 years ago, … Continue reading

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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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