Category Archives: News and Events

Before the Greek debt crisis, the Greek government’s statistics agency, headed by Andreas Georgiou (yes, his name does end in IOU), manipulated the stats and made the Greek budget deficits smaller than the actually were. Under pressure from the EU, … Continue reading →

There were grandiose plans. A full anticorruption effort complete with anticorruption prosecutor, 18 judges to hear corruption cases, and all within one year. Here we are, one year later, and the deadline has come and gone. Lawmakers could not agree … Continue reading →

There’s headline you don’t want to see. R. Seth Williams was charged with providing official favors to two businesses in exchange for cash, Caribbean vacations, airline tickets, expensive furniture, a Burberry watch, a Burberry purse for his girlfriend and a … Continue reading →

Blog post by Dave McClure, founder and now former CEO of 500 Startups, a Silicon Valley incubator. The post was made after the company confirmed his resignation as CEO. Mr. McClure went on to explain that he made advances to … Continue reading →

A potential juror during voir dire in the jury trial (for securities fraud) of Martin Shkreli. Other potential jurors, who were struck one-by-one, did not have much better to say, even after the judge reminded the potential jurors that the … Continue reading →

Travis Kalanick, Founder and Former CEO, Uber. Hmmmm.

Uber was a Schumpeterian success. The creative destruction of the cab/Lincoln Town car transportation model. Independent contractors driving folks around in their own cars on their own schedules. Uber was hip, groovy, defiant, and the company the sophisticated opted to … Continue reading →

Scott Thompsett, lawyer for Louisville head basketball coach, Rick Pitino, handling Mr. Pitino’s appeal of NCAA sanctions against him for the former director of operations providing strippers and prostitutes to basketball recruits in the basketball dorm on the campus. Actually, … Continue reading →

New York Times, June 16, 2017, p. A24. Now there’s a headline. The headline refers to the ethics committee of the New York State Assembly. And it only took 12 senators being convicted of crimes and a host of various … Continue reading →

Goldman Sachs fund managers did not hesitate when a brokerage firm offered to sell them Venezuelan bonds for pennies on the dollar. Why not hop in and help fund a government that has left its people without food, toilet paper, … Continue reading →

For endangering the welfare of a child, the former president, a senior vice president, and athletic director were sentenced by a Pennsylvania judge to a minimum of two months in prison, with varying additional confinement time among the three, fines, … Continue reading →

From Wells Fargo’s mission statement in 2012. They did indeed get the revenue growth — on the retail side, Wells sold its retail customers an average of 5.9 products each. Wells led the industry in that per customer figure. However, … Continue reading →

In the aftermath of the fake accounts scandal at Wells Fargo, Wells Fargo lost 429 (3%) of its its brokers from its brokerage arm. As its rivals are cutting back on signing bonuses for the long time industry practice of … Continue reading →