Category Archives: News and Events

Describes new books, articles, and upcoming speeches.

The Kodak Options Mess

On July 27, 2020, Kodak executives were awarded stock options. Since Kodak shares were trading at $2.62 per share, the grants seemed like chump change. On July 28, 2020, Kodak announced that it would receive a $765 million loan from … Continue reading

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“Tyranny sincerely exercised for the good of its victims may be the most oppressive.”

C.S. Lewis

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The Grandmother and the 15-Year-Old Grandson’s Confidences

Nancy K., a grandmother from Irvine, California, wrote into “The Ethicist” at the New York Times. She explained that she lived with her daughter and that her 15-year-old grandson confides in her more so than with his mother. The lad … Continue reading

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Wilford Brimley: An Honest Man Who Could Steal a Scene

Wilford Brimley died at age 85. He was in “Cocoon” and other movies. He pitched oatmeal, and, let’s face it, if you are going to endorse a product, why not go with a staple? And he said of his acting … Continue reading

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On June 29, 2020, an Amended Class Action Complaint for violations of federal securities laws was filed against Mohawk and its CEO Jeff Lorberbaum in the Northern District of Georgia. The complaint alleges that the Company (1) engaged in fabricating revenues by attempting delivery to customers that were closed and recognizing these attempts as sales; (2) overproduced product to report higher operating margins and maintained significant inventory that was not salable; and (3) valued certain inventory improperly or improperly delivered inventory with knowledge that it was defective and customers would return it. “

There’s a line you don’t want to see in an 8-K filing with the SEC, especially when it is followed by another line about a subpoena from the SEC. Mohawk Industries stands accused of some new twists and turns in … Continue reading

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The Twitter Hack: The Hackers Manipulated a Small Number of Twitter Employees

Translation: Insiders helped the process along. The employees were targeted by the hackers who requested password resets. Whether done intentionally or through lack of training, the hackers found the weak link in employees. The vulnerability of companies, tech and otherwise, … Continue reading

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Those 26 Quarters of 20% Growth in Sales at Under Armour: The SEC Is Taking Enforcement Action

When it seems to be too good to be true, it is too good to be true. The phenomenal growth of Under Armour now has an explanation. To meet numbers, executives scrambled by forcing retailers to take more inventory than … Continue reading

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The Quid and the Pro and the Quo, Again — This Time in Canada

Canadian Prime Minister Justin Trudeau is dealing with a political scandal. It seems that the We Charity paid nearly $300,000 (Canadian) to the prime minister’s mother, brother, and wife in speaking fees (and another $187,000 in expenses (Canadian)). The WE … Continue reading

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Bob Baffert Suspended After Horses Test Positive for Lidocaine

Two Baffert-trained horses tested positive for lidocaine. One had won the Arkansas Derby on May 2 ($300,000 prize). The other had won the Acorn Stakes at Belmont by 19 lengths in record time. Baffert, a trainer’s trainer has trained two … Continue reading

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For the Four “Trust Me” Techies: Your E-Mails May Tell a Different Story

Steve Jobs’s e-mails played an integral role in the Apple/book-publisher antitrust suit. Mr. Jobs had passed away two years earlier, but those e-mails were the damning evidence for the government’s antitrust case. Jeff Bezos, Tim Cook, and Mark Zuckerberg all … Continue reading

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“Lucille Ball’s Granddaughter Is Stunning”

This was an AOL headline that pops up as one skulks through the click-bait to the real goal: e-mail. The headline itself was stunning because: 1. It was a positive statement about a famous person. 2. There was no ridicule … Continue reading

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“It is always the dry cleaning.”

Lisa Gilbert, Public Citizen (a Washington,D.C. advocacy group). Ms. Gilbert was referring to the ethical downfalls of so many public officials, a downfall that begins with high-ranking officials asking members of their security detail or staff to pick up their … Continue reading

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When the Diabolical Find a Loophole

The Digital Millennium Copyright Act (DMCA) was well intentioned legislation designed to protect websites from copyright infringement claims when the site owners are not the ones doing the infringing. For example, colleges and universities have entire student bodies pirating copyrighted … Continue reading

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The Red Pill and Truth

Elon Musk is a visionary who makes a status car whilst running a company with a net worth greater than Ford and General Motors. He also has a child named X AE A-12. No word on pronunciation for that one. … Continue reading

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