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Category Archives: News and Events
The Bystander Effect in Chicago
They will not tell the police what they know. The friends, families, and neighbors of the Chicago shooting victims continue to remain sullen and mute. The no-snitching rule in Chicago is alive, well, and seemingly mandatory. Some say it is … Continue reading
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The West Virginia Supreme Court Impeachment: All Four Justices Charged
Last month West Virginia Supreme Court Justice Menis Ketchum entered a guilty plea to one felony count of wire fraud. A federal investigation found that now former Justice Ketchum used a state fuel credit card to purchase case for trips, … Continue reading
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Wells Fargo and Another Incentive Problem: This Time In Its Wealth Unit
The SEC received four letters from Wells Fargo wealth advisers in Phoenix and two from wealth advisers in Orange County. The letters told the same story. In order to qualify for an incentive program, based on revenue, advisers to Wells … Continue reading
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Conflicts and Retiring Members of Congress
This year 32 House members and 3 Senators are retiring. What will they all do after they leave elected office? Well, we don’t know. We should know because Congress passed the Billy Tauzin legislation in 2007. Billy Tauzin was a … Continue reading
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Facebook Asks Banks For Data on Customers
Sure, why not? What could possibly go wrong here? COO Sheryl Sandberg should have leaned in a tad more on that strategy.
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Urban Meyer: Ohio State and Lessons Learned from Michigan State, Penn State, etc.
Urban Meyer, which sounds a bit like a furniture and appliance store, is Ohio State’s head football coach. Mr. Meyer has been suspended pending a 14-day investigation into what Mr. Meyer knew about the domestic abuse incidents by a former … Continue reading
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Spiral Notebooks in Argentina: The Car Wash/Cash Distribution Corruption Investigations
Authorities in Buenos Aires have arrested 16 people on corruption charges, government officials and business peopll. How did authorities nab so many in one fell swoop? Well, as it turns out, the driver who ferried the bags of cash over … Continue reading
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In the Truth Percolates Category: Harvey Weinstein Has Some E-Mails?
Harvey Weinstein is charged with the rape of a woman at a Doubletree Hotel on Lexington Avenue in New York City. However, Mr. Weinstein’s lawyers released e-mail correspondence between Mr. Weinstein and the woman and their relationship appears to have … Continue reading
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What Will They Remember About Us?
Manuel Ycaza (1938-2018) a jockey, had 2,400 wins in a career that began in 1957. He was inducted into the National Museum of Racing and Hall of Fame in 1977. But, in a tribute in Sports Illustrated, the jockey was … Continue reading
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Morgan Stanley’s New Incentive Plan
Investment advisers are usually rewarded under compensation plans under which they receive commissions for buying and selling securities. Those plans resulted in problems with churning and steering clients into Morgan Stanley investment vehicles, under which the commissions were higher. Now … Continue reading
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Nursing Home Staffing Levels: The Truth Has Percolated
For yers we have heard complaints from family members: The staffing levels are too low at nursing homes. Yet, the records showed that the mandated levels were being met. The mystery is now solved, and the truth shows gaming. All … Continue reading
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“I would suspect that some of the issues that we’re dealing with now and cause one apoplexy would have probably been swept under the carpet ten years ago. If you really want to run the business, you need to get involved in this level.”
The late Sergio Marchionne, former CEO of Chrysler. Mr. Marchionne was explaining to a Wall Street Journal reporter in 2010 why their interview was being interrupted for updates on a door-latch issue on a new version of the Chrysler Dodge … Continue reading
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“Just a Process Crime”
The Barometer hears this phrase over and over again. Certainly there are folks who have not been convicted of crimes who are still charged with crimes. The biggie is lying to the FBI. Most people mistakenly state that Martha Stewart … Continue reading
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SoFi’s Ex-CEO Has A New Company: Two Board Members Who Ousted Him Invested $17 Million
In September 2018, Mike Cagney was removed as CEO of Social Finance following questions about his sexual misconduct. The internal investigation found that Mr. Cagney was involved romantically with an employee despite his denials to the SoFi board that he … Continue reading
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