Category: Corruption

On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters

On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters

Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …

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Coronavirus is also a threat to democratic constitutions

Coronavirus is also a threat to democratic constitutions

Coronavirus is also a threat to democratic constitutions – Not mentioned in this article is the power conferred on the state via financial bailouts. Governments around the world now control more and more of the financial machinery. Will this asphixiate the state or empower the state? https://giftarticle.ft.com/giftarticle/actions/redeem/59c2b45d-8239-4d3c-8af3-add70469b2c5 via @FT

The super-rich have made Britain into a nation of losers

The super-rich have made Britain into a nation of losers

The super-rich have made Britain into a nation of losers Not to mention that London is the engine that powers the global money laundering and tax avoidance machine. https://www.theguardian.com/commentisfree/2019/aug/06/britain-super-rich-wealthy?CMP=Share_AndroidApp_WordPress

Universal credit scam ‘leaves claimants up to £1,500 out of pocket’

Universal credit scam ‘leaves claimants up to £1,500 out of pocket’

Universal credit scam ‘leaves claimants up to £1,500 out of pocket’ More evidence UC program is hopelessly broken and needs to be scrapped or redesigned root and branch. #UniversalCredit https://www.theguardian.com/society/2019/jul/09/universal-credit-scam-leaves-claimants-pounds-hundreds-out-of-pocket?CMP=Share_AndroidApp_WordPress