Archive for March, 2009

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Here’s a Rx to stay out of court

Monday, March 30th, 2009

It’s Doctors Day, and a great time to consider what the business community could learn from the medical profession. It’s no secret that medical malpractice suits have become a major drain on doctors and hospitals in the United States. Consequently, some medical professionals are taking a new approach to managing their litigation risk. The traditional [...]

Kudos to Dove for its Campaign for Real Beauty

Thursday, March 26th, 2009

If you’re half as sick of the whole financial mess as I am, you’re probably eager to hear about a company that’s doing good in the world. It’s important to celebrate the companies that walk the ethical talk, so today I want to congratulate the Dove Company (yes, the folks who make the personal care [...]

Why did it take Fox News so long to apologize to Canada?

Tuesday, March 24th, 2009

There have been so many public apologies lately, you’d think that folks who work in the news media would have the basics down by now. That’s why it’s both surprising and disheartening that Fox News dragged its feet for days before finally apologizing to Canadians for a string of offensive comments made by a late-night [...]

Was AIG’s Board of Directors asleep at the switch?

Friday, March 20th, 2009

You have to pity the new CEO of embattled insurance company AIG, Edward M. Liddy, who was beaten up pretty badly this week in a Congressional hearing. Furious lawmakers pummelled Liddy with hostile questions in the wake of the revelation that AIG had paid enormous retention bonuses, some in excess of $6 million, to employees [...]

Do AIG executives really deserve to die?

Wednesday, March 18th, 2009

Public anger over the $167 million in bonuses that AIG paid to employees in its Financial Products unit is reaching the boiling point, and Congress is taking notice. That may be why Iowa Senator Charles Grassley recently suggested in a radio interview that AIG executives should consider following the time-honored tradition of Japanese executives who [...]

We all get it – so why don’t the executives at AIG?

Monday, March 16th, 2009

Washington’s in an uproar again this morning over the news that insurer AIG plans to use taxpayer bailout money to pay hefty executive bonuses. According to news reports, AIG initially planned to pay $165 million in bonuses to executives in its British-based AIG Financial Products unit, the group whose risky investments brought the insurer crashing [...]

Can Madoff ever apologize?

Friday, March 13th, 2009

Now that Bernie Madoff has pled guilty to various counts of financial fraud, we no longer have to refer to his “alleged” Ponzi scheme. Surprisingly, Madoff admitted that the scam began over two decades ago when he started having trouble producing the exceptionally high returns that his wealthy clients had come to expect. That’s a [...]

Madoff will plead guilty, and it’s not about the drama

Wednesday, March 11th, 2009

Bernard Madoff’s lawyer surprised a lot of people yesterday when he quietly admitted to the judge that his client would plead guilty to eleven criminal counts related to his alleged Ponzi scheme. According to news reports, Madoff may have defrauded his clients out of as much as sixty-four billion dollars, which would make his reported [...]

The recession is no excuse to discriminate

Monday, March 9th, 2009

MSNBC reported today that, as the unemployment rate rises, discrimination complaints from laid off workers to the Equal Employment Opportunity Commission have risen by 15%. The folks complaining believe that they lost their jobs not because their companies needed to cut back, but because the recession provided a convenient excuse to get rid of minority, [...]

How could anyone steal from Elie Wiesel?

Friday, March 6th, 2009

When the stories concerning Bernie Madoff’s alleged Ponzi scheme first broke, there was less sympathy for Madoff’s victims than there probably should have been. After all, Madoff’s investors were among the richest of the rich, only able to gain access to Madoff because they had many millions of dollars to put on the table. If [...]

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