asterisk2a + fiduciary   31

Monarch: MP urges change in law to protect pension schemes | Business | The Guardian
yet another case of not paying into the pension pot! its systemic! reports every now and then come up that billions underfunded pension schemes
pension  retirement  bailout  profit  maximisation  shareholder  value  fiduciary  responsibility  accountability  Capitalism  tax  evasion  avoidance  neoliberalism  Regulation  self-regulation  regulators  oversight  lobby  revolving  door  babyboomers 
october 2017 by asterisk2a
(1487) Shane Smith Investigates The True Cost of Climate Denial (VICE on HBO: Season 5, Episode 1) - YouTube
same tactics in tobacco, meat, climate = seeding doubt & creating a debate about scientific consensus. "doc merchants of doubt" // climate change cost will be astronomical! // public attitude //
climatechange  globalwarming  climate  change  global  warming  FEMA  economic  damage  denial  science  doubt  PR  language  communication  public  health  economics  lobby  lobbying  revolving  door  Career  Politicians  Tobacco  Debate  big  pharma  pharmaceutical  medical–industrial  agriculture  industry  cost  fossil  fuel  shareholder  fiduciary  responsibility  profit  maximisation  drought  flood  flash  flooding  national  security  vested  interest 
june 2017 by asterisk2a
Robert Reich on recent development - Tax Amnesty
[ shareholder capitalism ] 2.1trn $$$ parked in offshore banking for USA alone. ... USA x times bigger. ... UK estimate of up to 20bn a year of tax evasion and avoidance. // special deal of 10% tax on repatriation of offshore funds. // this is extortion // no Principles. you either pay your taxes or you are not allowed to do business in this country. // and it is not only cash it is also property and other assets ... companies will undervalue/price their value. not to market rate. see india's tax amnesty and that loophole people and companies exploited - bit.ly/1LjzHjk // >> tax is the price you pay for civilised and modern, western society! << //
tax  evasion  tax  avoidance  HMRC  Google  Amazon  Facebook  Microsoft  Apple  tax  amnesty  lobby  revolving  door  Career  Politicians  budget  deficit  offshore  banking  UK  USA  IRS  lobbyist  lobby  lobbying  presidential  election  2016  barackobama  presidency  austerity  TPP  TTIP  Wall  Street  profit  maximisation  shareholder  value  plutocracy  oligarchy  Super  Rich  1%  No  Representation  crony  capitalism  exploitation  white-collar  crime  shareholder  capitalism  fiduciary  responsibility  Gini  coefficient  inequality 
march 2016 by asterisk2a
BBC One - Panorama, The Secret Bribes of Big Tobacco
https://en.wikipedia.org/wiki/British_American_Tobacco --- anti-competitive behaviour, bribes, corruption, commercial undercover hit-man operating (black ops) in Africa (tobacco plantations). this behaviour is decribed by BAT as "cost of doing business." // UN Health Organisation - tobacco control (WHO FCTC), reducing demand for tobacco. BAT had a man on the inside. - http://www.who.int/fctc/text_download/en/ - African reps bribed by BAT to undermine efforts to reduce tobacco related deaths and ill health via new policy. Also locally, parliamentarians took bribes to block anti-tobacco policies. //&! & BAT is a financial pick for investors; "The defensive nature of British American Tobacco’s (LSE: BATS) operations has long made it a favourite for those seeking dependable dividend growth year after year." - bit.ly/1RdU8OF
antitrust  tobacco  lobbyist  lobby  Lobbying  United  Nations  WHO  sick  population  health  crisis  public  health  policy  public  health  revolving  door  Wall  Street  capitalism  crony  capitalism  profit  maximisation  shareholder  value  corporate  culture  corporate  governance  ethics  PR  spin  doctor  Positioning  marketing  advertising  advertisement  moral  moral  beliefs  fiduciary  responsibility  tax  evasion  tax  avoidance 
january 2016 by asterisk2a
Facebook: The Secret Force Behind CISA? | Betrayed by Tech
bit.ly/1PAg5rx //&! CISA is “surveillance bill masquerading as a cybersecurity bill” via EFF //&! bit.ly/1LOkilv // We've gotten information that Facebook is secretly lobbying for a dirty bill called >> “CISA” that would give them impunity for violating their users’ privacy << (bc people were unable to sue said company) —as long as they hand over user data to the government. Most tech companies are against it for privacy reasons, but apparently Facebook is working behind the scenes to make sure it passes. [...] Facebook’s chief Senate lobbyist, Myriah Jordan, worked as General Counsel for CISA's sponsor, Senator Richard Burr, right up until taking the job at Facebook. On her lobbying disclosures she lists “cybersecurity” as one of the issues she's been discussing with senators. These “revolving door” connections give companies more power and influence than ordinary people could ever have, // If you have the money, size, and influence. You can write the rules you have to play by.
CISA  Facebook  Mark  Zuckerberg  Internet  Privacy  Privacy  cyber  war  on  Terror  on  Drugs  Surveillance-Industrial  Complex  surveillance  state  Orwellian  military–industrial  lobbyist  lobby  Lobbying  revolving  door  Silicon  Valley  crony  capitalism  capitalism  profit  maximisation  shareholder  value  fiduciary  responsibility  injustice  Justice  System  Rechtsstaat  TTIP  TPP  Wall  Street  zombie  consumer  TOS  Platfom  Silo  morality 
october 2015 by asterisk2a
Steuerdeals: Fiat und Starbucks müssen offenbar zahlen - SPIEGEL ONLINE
[ POSITIONING: all in the name of job creation and prevention of job losses. Playing with fear, spin, pr, polarization, populism, propaganda, corporate media. Policy Makers making policy for capital. // Policy Making for the Super Rich, 1%, vested interest groups. ] Seit Monaten prüft die EU-Kommission dubiose Steuerabsprachen zwischen Konzernen und Mitgliedstaaten. Nun soll offenbar eine erste Entscheidung verkündet werden: Insidern zufolge drohen Starbucks und Fiat hohe Nachzahlungen. [...] Laut Insidern wird die Brüsseler Behörde Steuerabsprachen mit dem italienischen Autohersteller Fiat in Luxemburg und der US-Kaffeehauskette Starbucks in den Niederlanden voraussichtlich als unzulässige Subventionen bewerten. //&! bit.ly/1W4TY0F
corporate  welfare  corporate  scandal  accounting  scandal  tax  evasion  tax  avoidance  shared  economic  interest  budget  deficit  austerity  fairness  Generationengerechtigkeit  crony  capitalism  capitalism  shareholder  value  profit  maximisation  lobbyist  lobby  Lobbying  No  Representation  democracy  morality  sovereign  debt  crisis  bank  bailout  trickle-down  economics  neoliberalism  neoliberal  European  Union  tac  code  corporate  tax  rate  tax  code  Gesellschaft  Wertegesellschaft  ethics  subsidies  subsidizing  corporate  culture  corporate  values  corporate  state  corporate  media  Polarisation  propaganda  populism  PR  spin  doctor  Positioning  Fear  manufactured  consent  globalisation  globalization  exploitation  antitrust  European  Commission  Brussels  transparency  white-collar  crime  injustice  Justice  System  accountability  revolving  door  corruption  bribery  Career  Politicians  Policy  Makers  society  Super  Rich  1%  inequality  Gini  coefficient  corporate  governance  fiduciary  responsibility  Bernie  Sanders  Jeremy  Corbyn  Fiscal  Pact  Schuldenbremse 
october 2015 by asterisk2a
Volkswagen Congress Hearing: Emissions scandal - watch live - YouTube
VW USA subsidiary CEO Michael Horn. // 'VW the people's car.' 36:40 - I had no understanding what a defeat device is & that it could be installed to cheat emission tests. [<< Symptom of being a conglomerate! Corporate Culture & Values.] min 38:09 - Is hardware, software & even has to do something with the fuel tank. In some models (gen 2) its just software & a sensor. // 49:20 - framing of the answer with EPA (influenced?), cars on the road right now, even they are not passing emissions test, "are legal & safe to drive for the owners." // min 57 NOx, air pollution. 'compensation will be part of discussion'. 40 times than allowable limit. // 1:11:00 - according to him, @ the current state of investigations, this was out of the engine-drivetrain-engineering/software/emissions department within VW. Was not a corporate executive decision from the top. [My 2 cents: more likely decision was made within those departments due to pressure from top to make the test pass happen. << 1:51:00]
VW  Volkswagen  conglomerate  corporate  culture  corporate  values  air  pollution  libor  rigging  scandal  banking  crisis  investment  banking  self-regulation  regulation  regulators  accountability  Wall  Street  shareholder  value  profit  maximisation  retail  banking  PPI  mis-selling  scandal  bank  crisis  CDO  CDS  pharmaceutical  industry  pharma  big  pharma  corruption  bribery  Petroleum  automotive  autoindustry  carbonemission  carbonfootprint  emissions  white-collar  crime  Justice  System  Law  &  Justice  corporate  state  corporate  media  Positioning  Meat  Egg  Dairy  food  industry  lobbyist  lobby  Lobbying  revolving  door  conflict  of  interest  fiduciary  responsibility  exploitation  mainstreet.org  ethics  ethical  machine  democracy  Career  Politicians  No  Representation  double  standard  Abgas-Affäre  Interestrateswap  corporate  social  responsibility  corporate  scandal  Chemical  Fashion  deception  PR  spin  doctor  monopsony  oligopol  madoff  Enron  Worldcom  BP  accounting  accounting  scandal  tax  evasion  tax  avoidance  crony  capitalism  TBTF  too  big  to  jail  too  big  to  bail  Ego  arrogance  Monsanto  Protection  Act  patent  troll  intellectual  property  willful  ignorance  willful  negligence  DeepwaterHorizon  tax  code  consumer  fraud  Protection 
october 2015 by asterisk2a
American Apparel: a trip from the height of cool to lows of bankruptcy | Business | The Guardian
[ your edgy and PR storm/press differentiation can become a liability to future growth especially if you use that kind of marketing to grow, clickbait is not sustainable. stupid. should have stayed private and nimble! wall street and the numbers call it a bluff of the founder, cant be bigger & more than it was pre-ipo. no growing endlessly as edgy brand ] American Apparel has faced growing competition in the US from cut-price overseas competitors such as H&M, who have effectively replicated the brand’s fashion for a lower price. [...] recorded a loss for ten consecutive quarters, which was unsustainable given its debts. [...] American Apparel is the country’s biggest manufacturer of clothing and it is based in downtown Los Angeles. The company claims to pay experienced factory works more than $30,000 a year, compared with $600 a year for workers in Bangladesh factories. [...] we are taking this step to keep jobs in the US, and preserve the ideals for which the company stands.”
American  Apparel  Fashion  Industry  Manufacturing  Branding  brand  awareness  differentiate  differentiation  USA  Fast  Fashion  commodity  business  commoditization  Retail  pure  play  e-commerce  Wall  Street  IPO  shareholder  value  profit  maximisation  mainstreet.org  fiduciary  responsibility  Venture  Capital  entrepreneur  entrepreneurship  Start-Up  lesson  Start-Up  advice  marketing  PR  advertising  advertisement 
october 2015 by asterisk2a
Save the World, Turn a Profit - Bloomberg View
Building on these initiatives, Yunus Social Business -- Global Initiatives and the Rockefeller Foundation’s venture-philanthropy Zero Gap project have jointly developed a new tool: the social success note. This innovative financial instrument brings together the interests of commercial investors, social businesses and donors to achieve concrete and measurable social outcomes. In this arrangement, a private investor agrees to make a concessional loan or provide equity to a social business.
mainstreet.org  Wall  Street  shareholder  value  profit  maximisation  closetphile  corporate  values  corporate  culture  vision  mission  social  entrepreneurship  Non-Profit  fiduciary  responsibility  Legacy  Venture  Capital  Kickstarter  B-corporation  Etsy  tax  avoidance  tax  evasion  lobbyist  lobby  Lobbying  conglomerate  Big  Sugar  food  industry  Desert  pharmaceutical  industry  pharma  pharma  banking  crisis  investment  banking  retail  banking  bank  crisis  Tesla  Motors  exploitation  revolving  door 
september 2015 by asterisk2a
VW: Das Auto? Der Betrug! Jakob Augstein zur Abgas-Affäre - SPIEGEL ONLINE
Nicht nur Banken betrügen, auch die Industrie. Das zeigt der VW-Skandal. Deutschland hält sich eher ans Recht als das Ausland? Ein Irrtum. Guter Kapitalismus, böser Kapitalismus? Gibt's nicht. Nur die Notwendigkeit des starken Staates. [...] Die Amoralität ist in der Idee der Firma an sich eingebaut. Menschen haben (vielleicht) Moral. Firmen nicht. Da liegt ein grundlegendes Missverständnis im modernen Kapitalismus. [...] In einem langen Artikel über Wirtschaftsethik hat der "Economist" einmal geschrieben: "Unternehmen, die lügen und betrügen, können nicht erwarten, lange im Geschäft zu sein, selbst wenn ihre Handlungen vom Gesetz gestattet sind." Wir wissen, dass das Gegenteil der Fall ist. Aber so streuen sich die Gralshüter der liberalen Wirtschaftsideologie selbst Sand in die Augen. [ The Corporation (2005) by Joel Bakan ] [...] Beschreibt das nicht perfekt das Wesen der großen Konzerne - je größer, desto besser? Und VW ist sehr groß. [ Amazon's monopsony ]
Volkswagen  conglomerate  VW  crony  capitalism  capitalism  profit  maximisation  shared  economic  interest  shareholder  value  self-regulation  regulation  regulators  oversight  transparency  lobbyist  lobby  Lobbying  revolving  door  Career  Politicians  climate  change  global  warming  Abgas-Affäre  emissions  carbonemission  carbonfootprint  economic  damage  short-term  thinking  short-term  view  post-capitalism  ethical  machine  moral  beliefs  fiduciary  responsibility  neoliberalism  neoliberal  liberalism  ideology  dogma  democracy  Gesellschaft  society  exploitation  economic  history  book  CEO  pay  Leadership  true  north  mainstreet.org  accountability  too  big  to  jail  GFC  banking  crisis  bank  bailout  bank  crisis  TBTF  subsidies  subsidizing  Workers  Union  Trade  Union  inequality  Gini  coefficient  too  big  to  bail  competition  oligarchy  oligopoly  oligopol  Super  Rich  1%  monopsony  Amazon  Google  Inc.  Apple  monopoly  Microsoft  antitrust  trust  distrust  No  Representation  social  contract  political  theory 
september 2015 by asterisk2a
With Hinkley Point, squandermania has reached dangerous new heights | Simon Jenkins | Comment is free | The Guardian
[ cutting renewables, sure. how about 24bn for renewables and SmartGrid 10 years. Duh. And no energy price tariff guarantees needed. ] The only two versions of the EDF pressurised water reactor under construction, in Finland and France, are way behind schedule with doubled budgets. For £24bn you can read anything you like. It is the auto-da-fé of Treasury control. The person who should be laughing is Labour’s Jeremy Corbyn. Hinkley Point competes with HS2 and possibly a new Heathrow runway for the title of “world’s stupidest megaproject”. [...] When Centrica, the last British investor, pulled out of Hinkley in 2013, it did so because not a single adviser thought it a sensible bet. [ and who benefits? companies who benefit from status quo! fossil fuel companies ] //&! The Guardian view on Hinkley Point C: overcomplicated, overpriced and overdue Editorial: Nuclear power may be necessary to limit climate change, but this is the wrong nuclear option - bit.ly/1QztaOV &! bbc.in/1R1NSYr
Hinkley  Point  nuclear  power  George  Osborne  austerity  renewable  energy  Smart  Grid  budget2015  dogma  ideology  constituency  lobbyist  lobby  Lobbying  revolving  Career  Politicians  energy  price  energy  policy  energy  security  subsidies  subsidizing  carbonfootprint  fiduciary  responsibility  accountability  oversight  transparency  David  Cameron  Toff  Privileged  Establishment  Generationengerechtigkeit  fairness  Millennials  Entitlement  revolving  door  Privatisation  climate  change  global  warming  policy  error  Makers  social  contract  political  theory 
september 2015 by asterisk2a
Corporate disclosure - deciding what matters | Authers' Note - YouTube
"material" - based judgement. unter anderem.... ie also audience short vs long-term investor.
fiduciary  responsibility  Wall  Street  shareholder  value  profit  maximisation  corporate  law  accounting  CEO  financial  reporting 
september 2015 by asterisk2a
Paul Mason - is capitalism dead? | Guardian Live - YouTube
100 year process, this is the 21st century // when you define the problem you also define the solution, in most cases. from A to B. // capitalism has rent-seeking tendency. DRM and IP/intellectual property is rent-seeking. // --- need book what to do with post-capitalism tools, open source, open data, share economy, shared economic interest, transparency, political reform - voucher system (Larry Lessig). --- // biotech and gene and new age of medicine will replace hardware and proprietary software (already being displaced by open source) //
post-capitalism  crony  capitalism  monopoly  monopsony  Silicon  Valley  Wall  Street  Paul  Mason  rent-seeking  intellectual  property  Page  Rank  Google  Search  copyright  IP  intellectualproperty  DRM  Kindle  Amazon  Microsoft  Open  Source  Open  Data  civic  good  Public  civic  society  Share  Economy  proprietary  software  Karl  Marx  economic  history  shared  economic  interest  profit  maximisation  shareholder  value  buyback  underinvestment  productive  investment  climate  change  interest  groups  vested  interest  interestgroups  fiduciary  responsibility  long-term  view  long-term  thinking  faultlines  lobbyist  lobby  Lobbying  Career  Politicians  social  contract  No  Representation  neoliberalism  neoliberal  exploitation  Gini  coefficient  Future  of  Work  Mobile  Creatives  knowledge  knowledge  worker  3D  printing  marginal  cost  economics  of  abundance  renewable  energy  commodity  business  commoditization  book  meritocracy  meritocratic  Gesellschaft  Zivilgesellschaft  Wegwerfgesellschaft  zombie  consumer  finite  resources  status  anxiety  identity  society  philosophy  sociology  social  cohesion  social  tension  inequality  income  mobility  social  mobility  4-day  week  leisure  tim 
august 2015 by asterisk2a
Why has Apple broken its vow of silence? - BBC News
re-pricing // would Steve Jobs have done thing?! Not back then. But this time is different. This time, Apples future growth is in China, India, emerging market, emerging middle class of the developing world with western aspirations - consumption (type patter, meat and fancy electronics with a recognisable brand behind it (so ppl can put you into the category of 'made it' - status anxiety)., not in the western world with new products. And I think he took this as an opportunity to transmit that and his confidence into the future for apple - through those lines, 'sent to a worrying investor.' Apple is one of the richest, most valuable things America got. America (Apple) has confidence into the future to sell to the emerging middle class. As much as warren buffet believes in the industrial future strength, re-emergence, to make products affordable/competitively through cheap energy that USA has access now. // &! bit.ly/1JjFsXx talking abt Apples exposure 2 China & Co. Reliant on.
Apple  Tim  Cook  Wall  Street  Jim  Cramer  China  fiduciary  responsibility  SEC  insidertrading  insider-trading  emerging  middle  class  emerging  market  Developing  World  western  developed  Frontier  Markets  global  economy  global  trade  2015  warrenbuffet  aspirational  product  consumer  product  consumerism  materialism  status  anxiety  status  symbol  socioeconomic  status  social  status  consumerist  consumer  consumption  squeezed  middle  class  secular  stagnation  UK  USA  Europe  long-term  view  long-term  thinking 
august 2015 by asterisk2a
Building A Moat In A Bubble: Navigating Today’s Financing Environment | TechCrunch
But building an operating plan that depends on successively larger and higher-priced rounds to materialize in the future could mean disaster. If you find yourself too fixated on that deep moat you’re building around your business, you may just fall right into it yourself. Too often, entrepreneurs let the amount of capital available to them determine how to operate their business rather than the other way around. Every company has a natural cadence of growth that needs to be respected, regardless of the external fundraising environment. There’s a limit to how many high-caliber engineers, salespeople, and marketing executives companies can recruit and train in a given period – trying to hire too much faster could mean the quality bar gets lowered on new employees. For consumer-facing services, attempting to launch into hyper-growth mode through paid marketing — when basic things like user experience and retention still need to be addressed — could prove harmful in the long run. << !!!
Silicon  Valley  burn  rate  runway  2015  growth  round  Seed  Angel  Investor  hunt  for  yield  MVP  Product/Market  Fit  Start-Up  lesson  Start-Up  advice  fiduciary  responsibility  Private  Market 
may 2015 by asterisk2a
What’s Really at Stake in Ellen Pao’s Kleiner Perkins Lawsuit - NYTimes.com
&! nytimes.com/2015/02/23/technology/ellen-pao-suit-against-kleiner-perkins-heads-to-trial-with-big-potential-implications.html &! nytimes.com/2015/02/15/magazine/the-stanford-undergraduate-and-the-mentor.html &! nytimes.com/interactive/2014/12/23/us/gender-gaps-stanford-94.html &! dealbook.nytimes.com/2015/01/26/helena-morrissey-aiming-at-britains-glass-ceilings-gets-results/ &! pando.com/2015/02/25/ellen-pao-valley-vc-women/ [money has no conscience, crony capitalism, capitalism as infiltrated the counter culture long-time ago (dot.com was a symptom), Silicon Valley doesn't change the world for the better, it changes things and makes boat loads of money along the way - bc they have 'fiduciary responsibilities' ...] &! recode.net/2015/02/24/venture-capitalist-trae-vassallo-to-testify-she-was-harassed-by-same-partner-as-ellen-pao/ &! pando.com/2015/02/25/pao-v-kleiner-perkins-weeks-v-baker-mckenzie-revisited/ &! for.tn/1Aazbr3 &! for.tn/1FXTAYH &! The Opening >> on.recode.net/17Xj7m3
Silicon  Valley  everyday  sexism  sexism  sexismus  Misogynie  misogyny  gender-based  harassment  gender-based  discrimination  straight  white  male  white  male  privilege  male  privilege  Establishment  Toff  Privileged  STEM  Female  Founders  Women  in  Tech  Peer  Group  Patriarchy  masculinity  pattern  recognition  pattern  matching  Venture  Capital  Angel  Investor  discrimination  social  discrimination  minority  sexual  harassment  corporate  governance  corporate  values  governance  Trae  Vassallo  Tracy  Vassallo  KPCB  Kleiner  Perkins  Caufield  and  Byers  crony  capitalism  Wall  Street  profit  maximisation  shareholder  value  ethical  beliefs  moral  beliefs  brogrammer  Campus  Culture  jock  history  counter  Dot.com  fiduciary  responsibility 
february 2015 by asterisk2a
After abandoning core Tumblr users, Yahoo does the same with Flickr. So what? | PandoDaily
Nevertheless, the abandonment of core constituencies within both Flickr’s and Tumblr’s user base reveal a very clear — and perhaps not unwise at this stage of the game — gambit on the part of Mayer: Loyal users are nice, but when they don’t play into any clear or significant profit strategy, who needs them? ... ie YouTube and FB ... now part of Pop Culture. But hardcore users and early adopters cried out loud when changes were coming geared towards revenues, pageviews, Signal vs Noise, ... etc
Flickr  Yahoo!  Wall  Street  profit  maximisation  Tumblr  short-term  thinking  short-term  view  fiduciary  responsibility  community  hardcore  user  user  hack  Start-Up  lesson  Start-Up  advice  pageviews  business  model  Marissa  Mayer 
december 2014 by asterisk2a
Snapchat and Spiegel’s Interesting Call on the Hong Kong Demonstrations | TechCrunch
@EvanSpiegel on why @Snapchat chose not to make an 'Our Story' for the Hong Kong protests: 'One of my pet peeves over time is how the technology industry has tried to sell counterculture. It’s tried to sell the revolution. We’ve been really resistant to doing this' || WRONG. Hypocrisy. Selling a pro-democracy movement as counterculture is wrong. it's deceitful. Snapchat and it's investors only hold open the door for China. As long as they don't upset the Chinese regime, they can operate in the future in China. Apps that went "against the China's regiem politics" were shut out of this country, +1bn potential users. It wouldn't be in line with the fiduciary responsibility (to its investors) that Evan Spiegel/Snapchat has to operate along.
Umbrella  Revolution  pro-democracy  movement  Hong  Kong  Occupy  Central  China  censorship  Snapchat  Evan  Spiegel  Venture  Capital  Silicon  Valley  hypocrisy  fiduciary  responsibility  double  standard  crony  capitalism  corporatism  shareholder  shareholder  value  Wall  Street  profit  maximisation 
october 2014 by asterisk2a
Rap Genius’ $40M round proves that you can’t kill a company by acting like a dick | PandoDaily
So it seems like America has a clear message for founders and executives: You can brag about urinating on college girls, call your co-founder “slutty,” and slam beers and cocaine with under-twenty-one employees — but just make sure business is still booming and history says you’ll be fine. At worst, you might have to leave the company like Parker, fading into the background with your ownership stake still intact, and multi-billion dollar payday still forthcoming.
RapGenius  Facebook  Tinder  AmericanApparel  Snapchat  Silicon  Valley  Venture  Capital  ethical  machine  ethics  morality  fiduciary  responsibility  society  Purpose  Product  Design  Start-Up  lesson  Start-Up  advice  Philosophy  Wall  Street  capitalism  crony  capitalism  corporatism  corporate  governance 
july 2014 by asterisk2a
eBay Shrugged: Pierre Omidyar believes there should be no philanthropy without profit | PandoDaily
Pierre Omidyar. The role of Omidyar Network in so many major events of the past week — helping elect India’s ultranationalist leader Narendra Modi; co-funding Ukraine regime-change NGOs with USAID, resulting in a deadly civil war and Monday’s election of Ukrainian billionaire oligarch Petro Poroshenko; and now, this week’s first-ever sit-down TV interview with Edward Snowden, through an arrangement between NBC News and Pierre Omidyar’s First Look Media — shows how these contradictions are coming to the fore, and shaping our world. [...] Muhammad Yunus failed to dissuade Omidyar: "Let them make money—but why do you want to make money off the poor people?” [...] “Omidyar views the fund as a way of testing his theories about commercializing the sector. ‘It’s really the demonstration impact I’m looking for, primarily,’ he said.” << Billionaires Playground. Rarefied People.
Pierre  Omidyar  Narendra  Modi  neoliberal  Omidyar  Network  far-right  Ukrain  Ukraine  Edward  Snowden  NSA  First  Look  Media  Whistleblower  Glenn  Greenwald  neoconservatives  neoconservatism  Politics  NGO  foreignaffairs  foreign  policy  diplomacy  foreign  affairs  G  Zero  US  national  security  state  USA  Hernando  de  Soto  property  rights  vested  interest  national  interest  interest  groups  conflict  of  interest  microfinance  microfinance  lending  India  2014  ethics  governance  morals  rarefied  Super  Rich  1%  Muhammad  Yunus  Commanding  Heights  eBay  Wikileaks  Julian  Assange  fiduciary  responsibility  PayPal  corporatism  corporate  governance  freedom  of  press  freedom  of  expression  Silicon  Valley  Sociopath 
may 2014 by asterisk2a
Susan Crawford on Why U.S. Internet Access is Slow, Costly, and Unfair - YouTube
Is Net Neutrality Dead? - youtube.com/watch?v=h3bIDRM8l2A ""pressure from ISP and Cable Provider lobby in Washington not to call them a utility"" - http://www.huffingtonpost.com/2013/02/13/susan-crawford-internet_n_2670127.html - https://www.youtube.com/user/MoyersandCompany/search?query=Crawford +++ Bill Moyers Essay: As the SEC Door Revolves - v=pqA4RGI5i8A
Susan  Crawford  USA  Europe  Net  Neutrality  ISP  Cable  Provider  oligopoly  revolving  door  lobby  Lobbying  lobbyist  fiduciary  responsibility  public  utility  public  good  WallStreet  presidency  barackobama  book  infrastructure  investment  infrastructure  digital  divide  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  productivity  social  mobility  income  mobility  Gini  coefficient  inequality  Tom  Wheeler  democracy  barriers  to  entry  trust  trustagent  antitrust  Career  Politicians  transparency  accountability  governance  Don't  be  evil  corporate  governance  choice  marketplace  efficiencies  marketplace  marketplace  inefficiencies  innovation  market  plurality  marketplace  plurality  pluralistic  society  pluralism  plurality  utilities  internet  tiering  internet  metering  Access  oversight  short-term  thinking  FCC  public  policy  leadership  Vision  national  interest  public  interest  Principle  regulators  self-regulation  regulation  deregulation  discrimination  Google  Fiber  greed  crony  capitalism  corporatism  capitalism  Comcast  AT&T  Verizon  TimeWarner 
may 2014 by asterisk2a
Pfizer and AstraZeneca: Deal or no deal | The Economist
IT'S ALL A MATTER OF DEGREE. Degree of vitality, dynamism, plurality & competition further reduced within the pharmaceutical industry in case of a M&A deal. + http://www2.deloitte.com/global/en/pages/mergers-and-acquisitions/articles/growth-through-merger-and-acquisitions.html "M&A deals intended specifically 2 enable growth fail 2 achieve their expressed growth objective." + http://www.entrepreneur.com/article/52090 /// vs. Internal Growth through start-up/entrepreneurial culture within. --->> once you are a public company, your options to facilitate growth are hugely curtailed do to the short-term thinking of money, crony capitalism >> Wall Street. /// http://en.wikipedia.org/wiki/AstraZeneca#Pfizer_takeover_bid + http://www.bbc.co.uk/news/business-27391124 + http://www.bbc.co.uk/news/business-27309851 | BRITISH INTEREST IS & SHOULD BE MARKET PLURALITY. From May 7th. http://bit.ly/QNgGtz - 7 days later http://bit.ly/1k5sGCg | this case; fiduciary responsibility = short-term thinking
market  plurality  Pfizer  AstraZeneca  UK  big  pharma  pharmaceutical  industry  pharma  oligopol  oligopoly  crony  capitalism  corporate  governance  WallStreet  growth  though  acquisition  M&A  mergers  merger  growth  through  merger  Career  Politicians  business  management  short-term  thinking  long-term  thinking  public  policy  antitrust  Competition  collusion  research  medical  research  public  health  policy  trust  trustagent  confidence  Science  R&D  European  Competition  Commission  Europe  regulators  regulation  governance  transparency  accountability  davidcameron  general  election  2015  GeorgeOsborne  Lobbying  lobbyist  lobby  interest  groups  national  interest  job  market  productivity  skill-biased  technological  change  skill  skills  capital  skills  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  fiduciary  responsibility  greed  stakeholder  shareholder  unknown  unknowns  unintended  consequences  complexity  human  progress  technological  progress  humanity  post-antibiotic  era  external  threats  externalaties  externality 
may 2014 by asterisk2a
The Exchange: Greg Smith on Leaving Goldman Sachs - YouTube
Greg Smith, author of "Why I Left Goldman Sachs," joins Rob Cox to discuss his contention that the firm's shift away from serving clients inspired his public exit from the investment bank.
fiduciary  responsibility  derivatives  Dodd-Frank  Politics  accountability  transparency  lobbyist  lobby  Lobbying  conflict  of  interest  proptrading  WallStreet  GFC  Eliot  Spitzer  Glass-Steagall  Abacus  bank  crisis  banking  crisis  banking  book  GoldmanSachs 
october 2012 by asterisk2a
Sustainable capitalism: Blood, Gore and capitalism | The Economist
A key issue is whether all this extra information and rewards for loyalty will result in demands for more sustainable performance from those who own companies. As well as calling for company bosses to be paid in ways that incentivise sustainable long-term performance, the manifesto rightly shines a critical light on the pay of fund managers employed by institutional shareholders such as pension funds. Often, these managers are paid for short-term financial results, even though the liabilities of those investors—all of our pensions, for instance—are mostly very long-term.

This prompts the thought that institutional investors that incentivise short-term performance when their liabilities are long-term may be in breach of their fiduciary duty as managers of other people's money. Indeed, maybe this incentive mismatch could provide the basis for a lawsuit. Messrs Blood and Gore say they are intrigued by the possibilities for such litigation to drive change, ...
algore  pension  fund  fiduciary  responsibility  capitalism 
february 2012 by asterisk2a
Was LinkedIn Scammed? - NYTimes.com
People argue that after Linkedin was waited so long for IPO ... that the huge difference between initial price and opening price, that the banks mis priced the IPO

New York Stock Exchange, they opened not at $45, or anywhere near it. The opening price was $83 a share, some 84 percent higher than the I.P.O. price. By the time the clock had struck noon, the stock had vaulted to more than $120 a share, before settling down to $94.25 at the market’s close. The first-day gain was close to 110 percent.

As Eric Tilenius, the general manager of Zynga, wrote on Facebook: “A huge opening-day pop is not a sign of a successful I.P.O., but rather a massively mispriced one. Bankers are rewarding their friends and themselves instead of doing their fiduciary duty to their clients.”

http://www.businessinsider.com/linked-in-ipo-2011-5-b
linkedin  IPO  banking  banks  jpmorgan  merrylllynch  fiduciary  financialmarket  wallstreet 
may 2011 by asterisk2a
MBAs should not sign the HBS oath
Harvard MBAs have proposed that all MBA students sign an oath. The oath can be found on http://mbaoath.org/take-the-oath. It pledges, among other things, to "contribute to the well-being of society" and to "create sustainable economic, social and environmental prosperity worldwide."

I don't believe that this is a good idea, for three reasons. First, some parts of the pledge are inconsistent with fiduciary duties and ethical standards. Second the oath is a misplaced response to the financial crisis. Third, I don't believe in pledges as an instrument to guide people's behaviour...
ethics  MBA  education  fiduciary  Responsible  Value  Creation  management 
november 2009 by asterisk2a

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