Category: Ethics
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Monday July 16 2012 JP Morgan managed to hit its projected earnings to the penny, even after the Whale trading losses ballooned form $2 B upwards. How did they do that, this article answers the question Oh one third is resuced by not having to pay taxes on the loss, tax benefit it is called…
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Weekend July 14, 2012 Professor Sam Rock brought this to my attention. I thought you would enjoy eight mintues with a person who has 100 years of insight. Before you click what do you consider to be the best and worst invention of the last 100 years?
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Weekend May 25, 2012 A Duke Professor constructs an interesting experiment. The idea is to learn when people we lie, what prompts or encourages such behavior. His conclusion is that a great deal of people lie just a little, but in total that leads to significant costs. Take a read, pretty interesting. The presence of an…
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Saturday May 5, 2012 Seems the Yahoo CEO has some resume difficulties. He claimed a computer science degree, it turns out to be an accounting degree, computer sciece degrees were not granted at his alma mater at that time. Meanwhile Elizabeth Warren is in hot water over her earlier claims of being Native American, a point Harvard made…
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Wednesday May 2, 2012 An alert student notes this article about Rita Crundwell. As he said, how did everyone miss this? She began at an early age. She was trusted. She appeared to be successful at the horse business. con men are called that because they get your confidence.
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Tuesday April 24, 2012 The NY Times reports that WMT possibly violated the Foreign Corrupt Practices Act FCPA passed in 1977. The allegations suggest bribes supported WMT's rapid expansion in Mexico. Mark Hulbert describes an academic study on bribes. The magnitude of the drop in WMT stock price monday suggests there is worse to come. The big drop…
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Thursday April 19, 2012 I metioned the GSA Scandal in class last evening. The President believes those making money shold pay more taxes. For a look at what sending dollars to Washington buys one, click here. Be sure to leaf thru the Neely photo album. This makes the case that there is just no accountability in…
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Wednesday April 18, 2012 The CEO of CHK has borrowed $1.1 B from his own company. The money is used so that he can invest a 2.5% interest in the company's own wells. He and the company claim there is no conflict of interest. Ge looks like a sort of related party loan to me! What do…
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Monday April 2, 2012 The President of Hungary was stripped of his Phd for plagiarizing his doctoral thesis. And so he ahs resigned as President. I know several of the graduate students had nervous moments during their presentation at the SWTLC this Saturday. But hey, you did your own work! Imagine the humiliation if it turned out…
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Thursday March 15, 2012 Colbert on Greg Smith's mea culpa I mentioned yesterday. Smith of course only left after being disgusted for 12 years and making lots of money, he no doubt is headed for a hedge fund management job.
