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 …
Once again failed by auditors and rating agencies (investment grade until last week). Wirecard fights for survival as it admits scale of fraud – https://on.ft.com/311vflw via @FT
Drivers tell of chaos at UK’s privately run PPE stockpile Another outsourcing disaster. Due diligence was conducted? Really? https://www.theguardian.com/world/2020/may/14/coronavirus-uk-privately-run-ppe-stockpile-chaos-movianto?CMP=Share_AndroidApp_WordPress
The 1MDB scandal: what does it mean for Goldman Sachs? – 1MDB scandal: what does it mean for Goldman Sachs? I’m reading the book Billion Dollar Whale about 1MDB and if it’s to be believed culpability goes to the highest levels at Goldman – Cohn and Blankfein. It was at a minimum willful blindness. I …
https://amp-ft-com.cdn.ampproject.org/c/s/amp.ft.com/content/9414052a-3142-11ea-9703-eea0cae3f0de
Sweeping overhaul to audit proposed by government review – https://on.ft.com/36IhFD4 via @FT
Blame Economists for the Mess On the contribution of economists to persistent inequality. We’re In https://nyti.ms/2KUw5bm
Tainted Water, Ignored Warnings and a Boss With a Criminal Past https://www.nytimes.com/2019/08/24/nyregion/newark-lead-water-crisis.html
‘We Can’t Waste a Drop.’ India Is Running Out of Water. https://www.wsj.com/articles/we-cant-waste-a-drop-india-is-running-out-of-water-11566224878
Artificial intelligence is no silver bullet for governance – https://on.ft.com/2KANMMV via @FT