Category Archives: News and Events

The former CEO of BP, Bernard Looney, resigned unexpectedly from his position at the company.  There had been some allegations that Mr. Looney had been involved in inappropriate relationships with colleagues.  The BP board reviewed the allegations and concluded that … Continue reading →

“It takes a long time to turn a big ship.”  No dispute there, but Wells Fargo’s fake-account scandal exploded in September 2016.  There should have been some slight tacking. However, Wells, whose stock has declined 15% since the 2016 shock … Continue reading →

AI gives high school students the opportunity to have someone else write their college admissions application essays for them.  Avoiding writing seems to be the goal for those who seek a college degree.  Ironically, one of the successful programs launched … Continue reading →

Eddie Bauer was sued by a consumer who paid $6.00 for a pair of leggings originally priced at $12.50. The consumer discovered that the original price was not $12.50, but much less. An Amazon customer complained that a $114.99 vacuum … Continue reading →

We just don’t know how much inventory has been stolen from retail stores.  The reason we don’t know is because retailers are using euphemisms to describe what is really happening.  Their financial reports disclose that retailers are experiencing higher “shrink.” … Continue reading →

In the so-called “steal the exam” scandal, the federal government prosecuted a former KPMG audit partner as well as an official with PCAOB (the federal government regulator of audit firms that audits publicly traded companies). They were convicted or settled … Continue reading →

If true, the details on the hazing in the football and baseball programs at Northwestern are deeply troubling.  How many times must we live through these college sports debacles before university presidents realize that college athletic programs are to colleges … Continue reading →

A new study reveals the following about the recall of medical devices and the behaviors of their CEOs: The greater the level of stock ownership by the CEO, the longer the delay in issuing the recall for the medical device … Continue reading →

The NCAA found that the University of Tennessee gave $60,000 of forbidden benefits.  Those benefits included $5,000 and $6,000 payments to the parents of football players.  The former head coach of the Titans also worked with others in the Athletic … Continue reading →

The Churchill Downs cited Mr. Baffert’s continued unwillingness to accept responsibility for the failed postrace drug test of the 2021 Kentucky Derby winner, Medina Spirit.Medina Spirit’s victory was revoked. Mr. Baffert’s horses have won the Kentucky Derby six times.  His … Continue reading →

Netflix is cracking down on memberships used all around the family.  Mom and Dad are kicking the kids off because Netflix is on to the whole fam deal for one subscription.  Now Costco is cutting off the way nonmembers were … Continue reading →

Well, at least it’s not bribery this time.  French authorities raided the headquarters of the international organizing committee on their suspicions of embezzlement.  There were corruption suspicions in the 2016 Rio games and in the 2021 games in Japan. Not … Continue reading →

We have known the answer to, “Would you sell your soul for a Louis Vuitton bag?” for some time.  Ongoing raids of luxury stores by looters seizing the luxury brands is not just the sale of a soul.  It’s a … Continue reading →

The reason? “Violent incidents” resulting in stolen property. It’s gang looting, gang! Then the thieves post themselves on TikTok in the middle of the looting.  “A culture of impunity drives the market for retail theft.”  Indulging criminals is no way … Continue reading →