Monthly Archives: August 2014

Espirito Failure Raises Questions of Auditor Conflicted Self-Interest

In the wake of the collapse of Espirito Santo Group, a 150-year-old Portuguese multi-billion dollar corporate dynasty, questions emerge about why the company’s auditor, KPMG, did not detect financial problems. The Wall Street Journal reports that Espirito was the largest … Continue reading

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Sears And Limits On Sustainability

This week came news that Sears is eliminating a retiree health care subsidy. The cut will save the company an estimated $6 million per year. But the loss to nearly 14,000 retirees makes life on a limited income even more … Continue reading

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Is Burger King To Be Next Big Tax Inversion?

Burger King announced that it is in talks to acquire a Canadian coffee-and donut chain, Tim Hortons, Inc. The deal is planned to be structured as a tax inversion, allowing Burger King to save U.S. taxes on its foreign profits. … Continue reading

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GM Lawyers And Ethical Advocacy

I have previously posted about how GM’s lawyers may have done their client–and the public–a disservice by stifling early concerns about the auto maker’s handling of safety concerns. (How Overlegalization Causes Irresponsibility And What You Can Do About It.) A … Continue reading

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A Lesson In Corporate Values From Charlie Chaplin

What could silent screen star Charlie Chaplin, famous for the character the Little Tramp, teach us about corporate values? You would be surprised. Chaplin’s motion picture career started in 1914. He quickly rose to stardom in the era of the … Continue reading

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Has The Clock Run Out On A Responsible Decision By Daniel Snyder And the NFL?

Minnesota’s Post-Bulletin.com posted an editorial today titled: “Our view: Changing Redskins name will be a business decision”. The story reports on how the University of Minnesota is putting pressure on NFL Washington Redskins team owner Daniel Snyder about his team’s … Continue reading

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Executive Compensation And Income Inequality

This week, rating agency S&P blamed income inequality for being a drag on the U.S. economy. Rightly so, income inequality remains a hot topic: pundits speculate it will be a key issue in the 2016 presidential elections. French economist Thomas … Continue reading

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Walgreens Makes A Responsible Decision On Tax Inversion

After months of contemplation, Walgreens announced that it will complete acquisition of the balance of Boots—a large UK drugstore chain—which it does not already own. Making this acquisition positions Walgreens to move its headquarters overseas, and make a tax inversion … Continue reading

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