“No. 176: Do not steal more than $3 worth of office supplies per quarter.”

Kelly Williams Brown, from her new book, “Adulting: How to Become a Grown-up in 468 Easy (ish) Steps.”  Or, you could not steal at all.

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Idol Worship of James Gandolfini and/or Tony Soprano

Mr. Gandolfini’s untimely death is sad, and he certainly brought the world a memorable character.  However, from the Wall Street Journal to USA Today to every corner of the Huffington Post world, the lionization of James/Tony is approaching that afforded Steve Jobs.  The flags are at half-staff in New Jersey.  Government buildings honoring a man whose fame was as a gangster? The Sopranos flummoxed the Barometer — bad language, violence, and an overdone theme.  In a column when the series was running on HBO, the Barometer’s thoughts:

“Is it satire?  Is it soap opera?  Is it parody? Is it made-for-TV drama?  The deadpan psychiatrist who treats Mr. Soprano has me perplexed – is she just a bad actress or is this the way psychoanalysis goes?  If so, I’ve changed my opinion on therapy –
just the laughs from your analysts would be worth the hourly rate.  Edie Soprano, in the one episode I endured, fretted over sending her son to a military school where he would have exposure to guns.  Brass knuckles, switchblades Continue reading

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Are you talking to me? Whitey Bulger on Trial and Chutzpah on Parade

James “Whitey” Bulger, 83, is on trial for 32 charges, including 19 murders.  The defendants in criminal trials are bad, but the witnesses are worse.   John Martorano, aka “The Executioner” or “The Enforcer,” has testified that he was Mr. Bulger’s Boston underworld go-to guy when it came to murder.  He has confessed to 20 murders, and he can list and describe them, and attribute many of them to Whitey’s orders,  but he wants us to know the following:

(1) He has never been an FBI informant because his father and the nuns at his school taught him that “Judas was the worst person in the world;” and Continue reading

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“I won’t be practicing before the SEC, but it’ll be something. I’ll wait tables.”

Scott London, former KPMG partner, after being arraigned in federal court on charges of securities fraud.  Mr. London is charged with passing inside information to a friend in exchange for cash, watches, etc.  He said, “I’ll regret it till the day I die.” His words are reminders for all of us to watch it, every day.

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HR v. Millennials

Beyond.com, in a survey of 6,361 HR professionals and job-seekers released , has produced some insights into the generational disconnect in the workplace.  As you look at these numbers, understand this – someone’s perceptions are wrong. Someone could use a little coaching.  All the data are funny in their contrasts.  The Barometer has not seen this kind of split in data since 56% of high-school students confessed to cheating at school, but 93% felt their ethical standards were high.

CHARACTERISTIC               HOW MILLENNIALS DESCRIBE     HOW HR

THEMSELVES                                       PROFESSIONALS

DESCRIBE

MILLENNIALS
People-Savvy                          65%                                                                 14%
Tech-Savvy                             35%                                                                 86%

Loyal
to employers                           82%                                                                   1%

Fun-loving                              14%                                                                 39%

Hard working                          86%                                                                 11%

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“This is going to kill us.”

Senior U.S. State Department official after reading the inspector general’s report that revealed that the U.S. Ambassador to Belgium was ditching his security detail in order to solicit sexual favors from prostitute and minor children, that the regional security officer in Beirut was sexually assaulting guards, and that a security contractor in Baghdad died of an overdose of methadone.  The incidents were then removed from the report and the information withheld from Congress.  State Department officials and contractors clearly have a little too much time on their hands. Withholding information is the greatest killer of all in Washington.

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“We are pleased that the jury acquitted Mr. Renzi on 15 counts.”

Kelly Kramer, one of former Representative Rick Renzi’s defense lawyers.  Yes, but it’s Mr. Renzi’s conviction on 17 counts of conspiracy, extortion, and racketeering that take the joy out of the victory. Kramer is truly a glass-half-full person.

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“Imagine that the pope and the head of the Securities and Exchange Commission are in the same room with you.”

Jamie Dimon, CEO and Chairman of J.P. Morgan Chase, in giving advice to the people who work for him on their decision processes in the wake of the company’s London Whale recovery, which netted a $6 billion loss from wild trades.  Mr. Dimon also added, “I don’t know what more I can say.  Bad strategy, badly vetted, badly monitored, badly controlled.  Embarrassing.  Terrible. Sorry.”  He also added that nothing that was done was deliberate.  Well, except changing the risk standards so that the Whale could continue to sally forth.  Internalization is not quite complete.  Continue reading

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Pay For Your Own Vacations and Wedding Receptions

There is a storm brewing in Virginia because the top two officials in the state fell victim to a disease that seems to befall most elected officials:  Vacationitis.  Vacationitis is not what we, the plebeian masses experience, to wit, “I really need a vacation.”  Nay, nay, vacationitis is a disease of the elected class.  They want a vacation, but need to have someone else pay for it. Or they use someone else’s house.  Or they ride on someone else’s jet to get there.  And once there, they float on
someone else’s boat and have dinners at someone else’s house.  The Clintons used a friend’s house at Martha ‘s Vineyard and had the late Walter Cronkite take them out on his boat.  The Obamas also frequent the Vineyard in someone else’s house.

Enter Virginia’s attorney general and would-be governor, Ken Cuccinelli.  Businessman and political donor, Jonnie R. Williams, let Mr. Cuccinelli use a vacation home on Smith Mountain Lake near Roanoke and paid for a $1,500 Thanksgiving dinner.  Buy your own turkey! The information comes to us Continue reading

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When Governments Lose Trust — The Bucket Climb

Trust in government means that we all feel that we have a fair shake.  That is, everyone lives by the rules. Some contractors are not exempt from permits, inspections, and fees while others slide through without that extra cost and the burdens of, oh, safety.  Likewise, getting a license, corporate status, or tax approval is the same process for everyone.  Some are not permitted to ease right through while others are subjected to rigorous and delaying reviews.  Equal application of government processes, procedures, and regulations is what distinguishes countries with economic development from  those that never seem to get the wheels turning.

The Barometer has heard this equality of application described as the bucket phenomenon in other countries.  We are all together in the bottom of the bucket trying to rise to the top.  The climb is difficult, but we all make it out the same way — through hard work and determination.  However, in some countries, there who are those at the top of the bucket and those climbing ahead of us Continue reading

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An American court has sentenced a former engineering safety manager to 78 months in prison for falsifying information about injuries at three nuclear power plant sites.

Now there’s a headline.  Here’s the bottom line:  An engineer for a contractor working on nuclear plants for the TVA falsified safety (think injury) data at the sites. He lied, as the court concluded based on both e-mail evidence (the engineer’s own words condemned him) and interviews with employees who said that they were denied or received delayed medical treatment in order to keep the number of injuries down. The Barimeter envisions the engineer saying, “Just go sit over there and be quiet until we submit the quarterly safety numbers.  Then we will get you some treatment.”

Stone & Webster (a subsidiary of Shaw) had a contract with TVA for maintenance and modification Continue reading

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Nick Leeson — The Man Who Bankrupt the Bank That Financed the Napoleonic Wars Is Back in the Financial Sector

By his own website, Nick Leeson calls himself “the original rogue trader,” and indeed he was.  Mr. Leeson was the trader at Barings Bank who bet wrong on Japan and lost $1.3 billion.  Today, given the $6 to $8 billion that Chase lost to the London Whale’s trading activities, it seems like small potatoes.  Nonetheless, Barings was sold to a Dutch banking company for one pound.  Mr. Leeson’s new job is with GDP Partnership and involves helping borrowers renegotiate their mortgage loans with lenders.  Out of prison since 1999 (after serving about one-half of his 6.5 years), Mr. Leeson has been working as the bookkeeper for Galway United Football Club, an Irish soccer team.  Mr. Leeson secured that job in 2005, and has been working to rebuild his life.  We wish him well, but hope for the sale of this financial firm and his clients that his self-proclaimed reform is real. When we have to mete out disciplinary actions, whether through terminations at work or criminal charges for conduct engaged in at work, we hope the individuals punished do indeed learn through their periods of confinement and then restructuring their lives.  We want to forgive, but the question is, “Did this guy forget about doing what he did or is that still within him?”  We may not know until the temptation causes the rogue to yield to temptation.

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The Only Wrong Answer When It Comes to Coaches and Athletic Departments Is Doing Nothing

The Barometer keeps a C-drive folder titled, “When Will They Learn?”  In the folder are all the stories about organizations that become aware of misconduct by individuals and opt to do nothing and, in too many cases, even attempt to conceal the misconduct.  Inside the folder?  All the folks caught doing insider trading.  How hard is it to understand that if you trade on material, non-public information, they are going to catch you?  The majority of the folder includes the information on the child molestation scandals by Catholic priests, BBC television stars, Elmo puppeteers, college coaches, and Scoutmasters.  In all of these situations, there are long periods of time in which the leaders, who are aware of “this is obviously wrong” conduct are doing nothing to halt the problem.  However, they do manage during this “doing nothing” period to build quite a record of what happened and document for public view and, sometimes Continue reading

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35 Indictments of Administrators, Principals, and Teachers in Atlanta Test-Cheating Scandal

Even the jaded Barometer is stunned by this one.  Thirty-five folks who were formerly with the Atlanta Public School system have been indicted for the roles they played in perpetuating false test scores for the school children there. One teacher explained that cheating on the standardized tests had been going on for so long that they looked at it as part of their jobs.  Then there was the fear factor.  Dr. Beverly Hall, the APS superintendent, gave principals three years to get those scores up.  If test scores did not improve, they would be replaced.  In her decade of reigning supreme, she replaced 90 percent of the principals.

However, the tragedy is seeing, through tape recordings Continue reading

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