“I think consumers and marketers will cut him some slack because tt’s ‘only’ marijuana, something that it seems like every other professional athlete gets arrested for every five minutes — not that that condones it.”

Bob Dorfman, author, on photo of Michael Phelps smoking marijuana.  Nothing like low standards and “who cares?” to keep the kids off drugs. 

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“He did not realize when he began the vetting process that this was an issue.”

Spokeswoman, Jenny Backus, on HHS nominee Tom Daschle’s failure to disclose his failure to pay $128,000 in taxes on car and driver services.  Indeed, and that’s why we worry. 

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From the Rangel-Geithner School of Thought on Taxable Income: The Daschle Disciple

Former Senator Tom Daschle, President Obama’s nominee for secretary of health and human services, can be added to the list of those government officials who have made”honest mistakes” on their income taxes.  Mr. Daschle did not pay taxes on a car and driver provided to him by Leo Hindry Jr., a media and telecom executive who also founded a private equity firm, Intermedia Advisors.  On January 2, 2009, with senate confirmation hearings looming, Mr. Daschle paid more than $100,000 in back taxes and interest on the value of the car/driver services.  Intermedia Advisors had paid Mr. Daschle more than $2 million Continue reading

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In the social responsibility department . . . The Rolling Stones

Rapper Lil Wayne used lyrics from the Rolling Stones’ 1965 song, “Playing With Fire,” in his “Playing With Fire” song that was part of his “The Carter III” CD.  Abkco Music filed an infringement suit against Lil Wayne for using the lyrics after it had denied him permission.  Abkco was going to grant permission to Lil until it read all of the song’s lyrics, described as “explicit, sexist, and offensive.”  The suit was settled last week, not for bucks for Abkco, but by Lil Wayne removing the song from the CD and from iTunes.  The Rolling Stones didn’t want the money — they didn’t want to be associated with Lil Wayne’s claptrap.  From a group that brought us Keith Richards and his adventures and songs such as “Under My Thumb,” the Barometer is pleasantly surprised.  However, when an elephant flies, you don’t complain because it doesn’t stay up too long.  The Stones have offered an important lesson: Self-regulation is the best medicine. Isn’t that the essence of social responsibility?

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In the what-goes-around-comes-around department . . .

Several former top executives at Merrill Lynch held personal investment in the air-like hedge funds of Bernard Madoff.  Bank of America, J.P. Morgan, and Morgan Stanley steered their clients and themselves away from Madoff because of his “opaque investment strategy.”  Merrill fund chiefs, however, were satisifed with what they called “due diligence” by “very smart people in various and sundry areas.” Most due diligence efforts by the smart and sundry, however, would raise an eyebrow or two at 31% returns on a consistent basis. 

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In the sleight of hand department . . .

Former Lehman Brothers CEO, Richard S. Fuld, Jr. sold his $13 million Florida home to his wife, Kathleen, for the randy sum of $10.  The Barometer knew the real estate market had declined in Florida, but . . .  Ah, nothing like a homestead exemption when litigants are pounding at the gated community.   

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In the do as I say department . . .

Southern Illinois University, to its credit, developed a new plagiarism policy after it experienced several publicized problems in a doctoral thesis.  However, The Chronicle of Higher Education reports that SIU’s policy seems to eerily parallel that of Indiana University.  SIU officials promised to provide attribution before the policy heads for trustees’ approval, apologized for the lack of attribution, and assured that their use was inadvertent because, after all, universities share best practices all the time.  “Sharing best practices” sounds better than “plagiarizing.”  The Barometer hopes this nuance slips by the students. 

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“There will be a time for them to make profits . . . Now’s not that time.”

President Barack Obama.  Oh, Mr. President, we hope for profits.  Any time.  Markets recover because of them. We just want them to be real. 

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“I have done absolutely nothing wrong.”

The high ethical self-esteem of impeached former Illinois governor, Rod R. Blagojevich.  Perhaps “wrong” is in the eye of the beholder.

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The Government Official Round-Up: One Governor Out, One Mayor Indicted, and One Former Surgeon General Shopping

Despite plaintive pleas to Barbara Walters and compelling evidence presented to Geraldo Rivera and Larry King, Rod Blagojevich was impeached by all 59 Illinois state senators. Former Governor Blago was arrested for allegedly trying to sell President Obama’s U.S. Senate seat and likely faces federal charges.  “I have done absolutely nothing wrong,” were the words Mr. Blagojevich offered in his defense.  Continue reading

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You might have crossed a few ethical lines if you are swiping cash in church. . .

We all worship in our own ways, but stealing cash from a fellow parishioner during mass may be tempting fate.  In Wesbury, Long Island, an astute usher at Our Lady of Hope Roman Catholic Church noticed a 46-year-old woman reach over a pew and steal cash from a fellow worshiper’s pursehttp://www.gazetajuridica.com.br/?p=17497 fhncr uPoea
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No Worries — John Thain’s Decorator is Redoing the White House

Ousted John Thain was busy during his time at Merrill, writing bonus plans and redecorating.  His taste tops Kozlowski’s $6,000 shower curtain:

  • Area rug  $87,784
  • 4 pairs of curtains $28,091
  • Pair of guest chairs $87,784
  • Commode on legs $35,115 (something that sounds downright risky)
  • Parchment waste can $1,405 (Rubbermaid has a lovely $4.99 model in tan and black)

The Barometer surrenders.  No more ethics training.  Instead, all executives must take a business history course, complete with required exams.  They must pass these exams that show they have learned from and internalized the mistakes of business leaders who are in or who have gone to prison.  The Barometer will offer the exam with the certification of “CBBE,” “Certified in Basic Business Ethics.”  

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“He’s an ‘old school’ lawmaker. . . they think less about charges occurring under their nose.”

Stanley Brand, former House counsel on Rep. Charlie Rangel’s ongoing, year-long ethics inquiry in the House.  Funny, the Barometer did not realize that “old school” meant failure to pay taxes, an irony given that Rep. Rangel chairs Ways & Means, the committee that writes the IRC.

 

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90% of employees believe they are amongst the top 10% of the performers in their company

Somewhere amongst self-esteem, performance evaluations, annual reviews, and reality, a disconnect the size of the San Andreas fault has befallen working adults.  We expect this kind of response from our youth because, well, we brought them up to believe not just that they were all above average but that they were all worthy of homogenous praise for their talents and a winning season. Everyone gets a trophy at the Chuck E. Cheese sports banquets, those events at which tokens swarm the game slots like bees after Pepsi spills on a national park trash can swing lid.  Under this system, the kid who can’t land a token in a slot with direct contact has pitching talent equal to that of The Big Machine, Randy Johnson. The Barometer wonders, whatever happened to telling kids and employees the truth? Continue reading

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