Perspective | The right formula for managing a socially responsible company? There is none. By Steven Pearlstein https://www.washingtonpost.com/business/2020/10/05/shareholder-capitalism-business-roundtable-esg/
This is an impossible dream when aid becomes a tool of foreign policy and a post-Brexit UK will be desperate to cozy up to all manner of suspect foreign leaders. https://www.theguardian.com/global-development/2020/sep/02/uk-will-lead-world-on-tackling-famine-and-covid-with-new-department-says-raab?CMP=Share_AndroidApp_Other
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