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61 Articles and Resources. Go to: [Next 11]
Date Fairness.com Resource Read it at: May 16, 2015 Shareholders' Votes Have Done Little to Curb Lavish Executive Pay (FAIR GAME)
QUOTE: It’s been five years since the Dodd-Frank law required that companies let investors vote on their executive pay practices. The idea, lawmakers said, was to give shareholders a chance to sound off when compensation plans are not in their best interests. But has putting these matters to a vote done anything to rein in executive pay? Not a chance. Since these votes started being tallied, C.E.O. pay has risen on average 12 percent annually.
New York Times Apr 26, 2012 Not just Wal-Mart: Dozens of U.S. companies face bribery charges
QUOTE: Deere, Disney, Hewlett-Packard, Qualcom and many others are also under investigation for violations of the U.S. Foreign Corrupt Practices Act.
CNN (Cable News Network) Apr 21, 2012 Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle
QUOTE: Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart’s headquarters....The lead investigator recommended that Wal-Mart expand the investigation. Instead, an examination by The New York Times found, Wal-Mart’s leaders shut it down.
New York Times Mar 14, 2012 Why I Am Leaving Goldman Sachs
QUOTE: the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for.
New York Times Mar 06, 2012 Female service members sue U.S. military for alleged rape, sexual assault
QUOTE: '"Although defendants testified before Congress and elsewhere that they have 'zero tolerance' for rape and sexual assault, their conduct and the facts demonstrate the opposite: They have a high tolerance for sexual predators in their ranks, and 'zero tolerance' for those who report rape, sexual assault and harassment," according to the lawsuit...'
CNN (Cable News Network) May 27, 2011 Easing Out the Gray-Haired. Or Not.
QUOTE: Some jobs will always have age restrictions — police officers, firefighters, air traffic controllers and the like. And in corporate America, mandatory retirement ages for senior management face less resistance, thanks in part to generous incentives to leave early that are perfectly legal. What is more, federal law permits age limits for the top brass who set corporate policy. But chief executives still have a habit of hanging on...
New York Times Mar 12, 2011 At State-Run Homes, Abuse and Impunity
QUOTE: In hundreds of cases reviewed by The Times, employees who sexually abused, beat or taunted residents were rarely fired, even after repeated offenses, and in many cases, were simply transferred to other group homes run by the state... Only a quarter of sexual abuse cases were reported... Former regulators, employees within the system and advocates have grown increasingly dismayed at what they say is the state’s tolerance of abuse of the residents, whom the state refers to as “consumers” in its records.
New York Times May 25, 2010 Crisis Places Focus on Beleaguered Agency’s Chief
QUOTE: there is uncertainty about whether she is up to the task of remaking the Minerals Management Service, an agency widely recognized as one of the most dysfunctional in government. Agency scientists and other employees complained that since taking the post in July, Ms. Birnbaum has done almost nothing to fix problems that have plagued the minerals agency for over a decade.
New York Times May 19, 2010 Whistle-Blowers Become Investment Option for Hedge Funds
QUOTE: Informants who turn in tax cheats have to wait years to get their share of any reward from the I.R.S.’s recently expanded whistle-blower program. So hedge funds, private equity groups and other big investors...agreeing to buy a percentage of those future payouts in exchange for a smaller amount upfront to the whistle-blowers.
New York Times May 14, 2010 A Toolkit for Women Seeking a Raise (Your Money)
QUOTE: Even now, when women represent half the work force, they’re still paid considerably less than men — and part of that pay gap may be a result of what happens at the salary negotiation table. That’s assuming that women make it to the table, since research shows that they are less likely to ask for raises. Even when they do, their requests may be perceived as overly demanding or less agreeable.
New York Times Oct 16, 2009 Wellness Incentives Could Create Health-Care Loophole: Workers Who Fail Medical Tests Could Pay More
QUOTE: By more than doubling the maximum penalties that companies can apply to employees who flunk medical evaluations, the [new healthcare] legislation could put workers under intense financial pressure to lose weight, stop smoking or even lower their cholesterol,
Washington Post Sep 17, 2009 Maligned, or misaligned?: Executive pay
QUOTE: Investors frequently reap nothing but frustration when they seek to restrain the financial aspirations of corporate bosses.
Economist Sep 08, 2009 Airlines & Recycling: The Not-So-Green Skies: New calls for the U.S. airline industry to take recycling seriously
QUOTE: Unlike other aspects of the travel business, the airline industry has moved at a snail’s pace to get onboard the green revolution. ...the airline industry has little economic incentive and even less government pressure to go green.
Scientific American Sep 02, 2009 Report Details Misbehavior by Kabul Embassy Guards
QUOTE: Private security contractors who guard the U.S. Embassy in Kabul have engaged in lewd behavior and hazed subordinates, demoralizing the undermanned force and posing a "significant threat" to security at a time when the Taliban is intensifying attacks in the Afghan capital, according to an investigation
Washington Post Sep 02, 2009 No, the Treadmill Isn’t Also a Shoe Buffer
QUOTE: Should health club personnel give members unsolicited advice... or should they mind their own business?
New York Times Sep 01, 2009 Low-Wage Workers Are Often Cheated, Study Says
QUOTE: Low-wage workers are routinely denied proper overtime pay and are often paid less than the minimum wage, according to a new study ...
New York Times Aug 27, 2009 Dealing With Being the Health Care ‘Villains’
QUOTE: Humana workers and executives said the [insurance] industry tended to absorb blows that should be directed elsewhere.
New York Times Aug 26, 2009 Paying the Price for Hollywood Remakes: Bollywood Facing Copyright Lawsuits
QUOTE: American moviemakers have begun suing their counterparts in India, a sure sign that this country's booming, $2.2 billion-a-year film industry has arrived as a global player.
Washington Post Aug 24, 2009 Wikipedia to Limit Changes to Articles on People
QUOTE: Now, as the English-language version of Wikipedia has just surpassed three million articles, that freewheeling ethos is about to be curbed. Officials at the Wikimedia Foundation... say that within weeks, the English-language Wikipedia will begin imposing a layer of editorial review on articles about living people.
New York Times Aug 11, 2009 Firmly hooked: Is it good if bosses feel strongly for the firm? (Business.view)
QUOTE: GETTING bosses to act in the best interests of a company’s shareholders has long been one of capitalism’s trickiest problems...
Economist Aug 09, 2009 French workers pull few punches in fight to keep jobs
QUOTE: As jobs are lost, and factories close because of the global financial crisis, French workers have resorted to threatening management with violence; forcefully holding their bosses on company grounds; blocking and burning property in factories; and, in one instance, ransacking police headquarters.
Los Angeles Times Aug 05, 2009 Apple's new low: censoring a dictionary
QUOTE: In essence, the program [Ninjawords], a simple and fast reference tool -- a straight-up dictionary -- has omitted a handful of common words seen as objectionable by the Star Chamber of application reviewers at Apple HQ.
Engadget Aug 05, 2009 Despite Bailouts, Business as Usual at Goldman
QUOTE: Goldman [Sachs] executives are dismissive, even defiant, when critics argue that the bank is playing a heads-we-win, tails-you-lose game with American taxpayers. And yet the questions keep coming.
New York Times Aug 03, 2009 SEC Charges Bank of America With Lying to Investors
QUOTE: The Securities and Exchange Commission on Monday charged Bank of America with lying to investors about its plan to pay billions of dollars in bonuses to employees of Merrill Lynch.
Washington Post Jul 30, 2009 Report Outlines Big Bonuses at Rescued Banks
QUOTE: Compensation practices at the nation's largest banks have become "unmoored" from their financial performance, according to a report released Thursday by the New York Attorney General Andrew Cuomo.
Washington Post Jul 06, 2009 How to Stop Fraud: The Madoff and Stanford cases may grab the headlines, but the temptation of fraud appears at every corporate level
QUOTE: It doesn't take a high-profile, multibillion-dollar scandal to rock an enterprise.
Jul 02, 2009 Black Member Tests Message of Masons in Georgia Lodges
QUOTE: In June, the Worshipful Master, or leader, of the Gate City Lodge [a Freemason lodge] was served with complaints from two other lodges, whose Worshipful Masters were upset that Gate City had admitted a “nonwhite man” to its ranks.
New York Times Jul 01, 2009 It's Management's Fault: Bad management decisions produce the most system failures.
QUOTE: management errors are much more common than human errors...
Forbes Jun 30, 2009 It's Like eBay Meets Match.com: Does peer-to-peer lending work?
QUOTE: Economists have been studying these peer-to-peer lending programs from the beginning, and their findings are now starting to show up on the Web. They've discovered that while the sites may be useful for some high-risk borrowers... these credit markets also result in loan decisions tainted by human frailty and bias.
Slate Jun 23, 2009 Choosing the right side after an acquisition isn't always obvious
QUOTE: A merger/acquisition can sometimes make you feel like you're trapped in an episode of "Turf Wars Gone Wild"
InfoWorld Jun 22, 2009 Thinking of going into business with a close friend? Think again
QUOTE: There are plenty of reasons not to partner professionally with a buddy, starting with how much you value your friendship
InfoWorld Jun 01, 2009 In Cox Years at the SEC, Policies Undercut Action: Red Tape Halted Cases, Drove Down Penalties
QUOTE: After [Christopher] Cox became SEC chairman in mid-2005, he adopted practices that undermined the enforcement division's efforts to investigate cases of corporate wrongdoing and punish those involved...
Washington Post Feb 05, 2009 Holder Seen as a Chance To Right Racial Wrongs: With First Black Attorney General Come Expectations That Justice System Can Change
QUOTE: Eric H. Holder Jr.'s swearing-in as the nation's first black attorney general and its top law enforcement official came weighted with heavy expectation that the system could change. Known as a prosecutor who was unflinchingly tough on crime, Holder, 58, is also a former civil rights lawyer who has mentored young black men. Many advocates view him as the best chance in decades to right what they consider unchecked racial injustice and insensitivity by federal officials.
Washington Post Dec 29, 2008 The Beautiful Machine: Greed on Wall Street and blindness in Washington certainly helped cause the financial system's crash. But a deeper explanation begins 20 years ago [...] Part 1 of 3
QUOTE: Over the past two decades, their enterprise, AIG Financial Products, evolved into an indispensable aid to such investment banks as Goldman Sachs and Merrill Lynch, as well as governments, municipalities and corporations around the world....the story of Financial Products is not about math and financial formulas. It is a parable about people who thought they could outwit competitors and market forces alike, and who behaved as though they were uniquely positioned to sidestep the disasters that had destroyed so many financial dreams before them.
Washington Post Dec 26, 2008 Bits: Naughtiest and Nicest C.E.O.’s
QUOTE: Glassdoor.com, a site that lets employees anonymously review their employers and share salary information, is out with a list of the naughtiest and nicest chief executives of 2008, based on those reviews.
New York Times Dec 18, 2008 On Wall Street, Bonuses, Not Profits, Were Real
QUOTE: Merrill’s record earnings in 2006 — $7.5 billion — turned out to be a mirage. The company has since lost three times that amount, largely because the mortgage investments that supposedly had powered some of those profits plunged in value. Unlike the earnings, however, the bonuses have not been reversed.
New York Times Aug 03, 2008 Work at Home? Your Employer May Be Watching (WORK & FAMILY)
QUOTE: In a budding trend some employment experts say is invasive, companies are stepping up electronic monitoring and oversight of tens of thousands of home-based independent contractors. They're taking photos of workers' computer screens at random, counting keystrokes and mouse clicks and snapping photos of them at their computers. They're plying sophisticated technology to instantaneously detect anger, raised voices or children crying in the background on workers' home-office calls. Others are using Darwinian routing systems that keep calls coming so fast workers have no time to go to the bathroom.
Wall Street Journal, The (WSJ) Feb 05, 2008 A Corporate View of Mafia Tactics: Protesting, Lobbying and Citing Upton Sinclair
QUOTE: [Smithfield Foods] has filed a racketeering lawsuit against the union, on the theory that speaking out about labor, environmental and safety issues in order to pressure the company to unionize amounts to extortion like that used by organized crime...But what [Smithfield's lawyer] calls extortion sounds quite a bit like free speech.
New York Times Jan 15, 2008 Ex-Officials Benefit From Corporate Cleanup
QUOTE: The lucrative arrangements [between federal prosecutors and former government officials] are known as "monitorships," unusual contracts in which an outsider comes into a troubled company with vast power to expose corruption and change business practices...But legal experts and lawmakers are expressing growing concern about inconsistency and secrecy surrounding the appointments.
Washington Post Jan 07, 2007 Dark cloud over good works of Gates Foundation
QUOTE: hundreds of Gates Foundation investments — totaling at least $8.7 billion, or 41% of its assets, not including U.S. and foreign government securities — have been in companies that countered the foundation's charitable goals or socially concerned philosophy....investing in destructive or unethical companies is not what is most harmful, said Hawken and other experts, including Douglas Bauer, senior vice president of Rockefeller Philanthropy Advisors, a nonprofit group that assists foundations on policy and ethical issues. Worse, they said, is investing purely for profit, without attempting to improve a company's way of operating.
Los Angeles Times Sep 21, 2006 HP CEO Allowed 'Sting' of Reporter: HP CEO Allowed 'Sting' of Reporter
QUOTE: Hewlett-Packard Co. chief executive Mark V. Hurd approved an elaborate "sting" operation on a reporter in February in an attempt to plug leaks to the media, according to an e-mail message sent by HP Chairman Patricia C. Dunn.
Washington Post Feb 24, 2006 Growth of Financial Manager's Power 'Undermined' Checks and Balances
QUOTE: The Sarbanes-Oxley Act of 2002 required audit committee members on boards of directors to do exactly what Gerrity did in calling Rajappa: get the facts himself. Gerrity, a seasoned executive, wanted to know more about criticism he was hearing from Fannie regulators about outdated, non-integrated accounting systems that required corrections to be typed in by hand. But to Howard, who tightly controlled what -- and how -- information was presented to the board, such end runs were a threat to his authority.
Washington Post Oct 05, 2005 Social Responsibility Doesn't Much Sway the Balance Sheet
QUOTE: ...when it comes to reducing greenhouse gas emissions or raising wages in developing nations -- tougher problems that result in lower returns for investors or higher costs for consumers -- the market for corporate virtue remains limited....If we want them enough to pay the price -- and that's always a question -- the only fair and reliable way to get them is still through old-fashioned government regulation.
Washington Post Jan 27, 2005 Civil Service System on Way Out at DHS: White House Wants All Agencies to Have Option of Setting Own Personnel Policies
QUOTE: The Bush administration unveiled a new personnel system for the Department of Homeland Security yesterday that will dramatically change the way workers are paid, promoted, deployed and disciplined -- and soon the White House will ask Congress to grant all federal agencies similar authority to rewrite civil service rules governing their employees.
Washington Post Aug 07, 2004 State Senator Lost Position, but Not Perks
QUOTE: because of what was considered less than professional behavior, State Senator Ada L. Smith of Queens had been removed from a prominent leadership post she would keep her $16,500 stipend, along with a car that is paid for by the state.
New York Times Jun 22, 2004 Fear in the Workplace: The Bullying Boss
QUOTE: "It got to where I was twitching, literally, on the way into work,"....her boss of several years ago baited and insulted her for 10 months before she left the job. "I had to take care of my health."
New York Times Apr 28, 2003 Brief Details Gender Bias Claims at Wal-Mart
QUOTE: Female managers of Wal-Mart Inc. were required to attend strip clubs with male colleagues on business trips, according to a brief to be filed today in federal court.
Los Angeles Times Apr 02, 2003 Augusta National's Refusal to Admit Women Matters
QUOTE: Augusta National may seem somewhat insignificant with a war raging in Iraq. But for women, the golfing event couldn't be more important--it is about the corporate acceptance of women.
Women's eNews Mar 24, 2003 HealthSouth Officials Seek to Cut Deals With the U.S.
QUOTE: The large number of employees with knowledge of an accounting scheme that reportedly went on for more than 15 years but accelerated in scope from 1999 to 2001 has prompted questions of how the practices were kept secret for so long.
New York Times Mar 20, 2003 Charity's Glass Ceiling
QUOTE: Survey after survey shows that female executives and fund raisers make less than males in similar jobs at comparable organizations, and that women, while heading the majority of all charities, are far less likely to lead the largest ones.
Chronicle of Philanthropy
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