Posts filed under “Corporate Management”
From Transparency International:
The OECD Anti-Bribery Convention, adopted in 1997, requires each signatory country to make foreign bribery a crime for which individuals and enterprises are responsible. The Convention is a key instrument for curbing the export of corruption globally because the 41 signatory countries are responsible for approximately two-thirds of world exports and almost 90 per cent of total foreign direct investment outflows.
Transparency International’s annual progress report presents an independent assessment on the status of enforcement in all of the Parties to the Convention (except Latvia, where the Convention entered into force only in 2014). This is our tenth annual OECD progress report.
Click for an interactive map and additional details.
Source: Transparency International
The American Red Cross has become a man-made disaster. It wasted millions of dollars in Hurricane Sandy aid through mismanagement and poor judgment. It compounded the snafu by covering up its errors, hiring lawyers to prevent the public from finding out what happened to its donations. Earlier this year, I expressed my disappointment in the…Read More
Bill Gross, founder of Pimco, and its chief investment officer for the past 40 or so years, resigned last week. Rumor has it that he was but two steps ahead of a mutinous gang, swords out, planning to make him walk the plank. Gross was too quick and before the mutineers could force him, he…Read More
Yesterday, we looked at why bankers weren’t busted for crimes committed during the financial crisis. Political corruption, prosecutorial malfeasance, rewritten legislation and cowardice on the part of government officials were among the many reasons. But I saved the biggest reason so many financial felons escaped justice for today: They dumped the cost of their criminal…Read More
Andrew Lapthorne, a quantitative strategist at Societe Generale SA, recently looked at the correlation between business investment and individual stock prices, in a report titled “How does too much or too little investment affect a company’s stock price?”. Some of their results were surprising: Stocks of companies that over- or underinvest get punished in…Read More