Category Archives: Self-Interest and Conflicts of Interest

Conflicted Self-Interest Causes Business Irresponsibility

If you closely examine corporate disasters—so often in the news these days—such as products or accidents that injure or kill people, environmental messes, and public relations nightmares, you will usually find a common culprit: bad decision-making caused by conflicted self-interest. … Continue reading

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5 Business Decision Traps to Avoid

One way or the other, we all get paid to make good business decisions. Those who make more good decisions than bad ones likely will have longer, more successful, and happier careers. There are plenty of reasons bad decisions get … Continue reading

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Decision Making Lessons From Mrs. Clinton’s Mistakes

Sometimes decisions that you don’t think are all that important at the time you make them have a way of coming back to bite you. Just ask Hillary Clinton. My guess is that when she became Secretary of State, and … Continue reading

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Sunny Forecast For ARCP; Storm Warning For Ex-Boss Schorsch

This week American Realty Capital Properties (ARCP) revealed in filings with the SEC that it has completed its internal investigation into an accounting scandal at the company. The good news: the firm’s underlying real estate portfolio, once valued at $30 … Continue reading

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Outside Reviews Sought For Police-Involved Killings: The Case For Independence In Decision-Making

In the wake of recent unrest over perceived botched investigations of killings by police, officials in many states are looking to require the use of outside investigators in the future. That only makes sense, as independent decision-making is a critical … Continue reading

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Did Auditor Conflicted Self-Interest Kill Auditor Mandatory Rotation?

A year-end article in Accounting Today by Richard James laments the demise, in early 2014, of the Public Company Accounting Oversight Board’s (PCAOB) proposal to require mandatory rotation of public company auditors. PCAOB regulates the accounting industry in America. PCAOB … Continue reading

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ARCP: An Avoidable Corporate Disaster

The unfolding story of the accounting scandal at American Realty Capital Properties (ARCP), a fast-growing real estate investment trust (REIT) owning properties valued at $30 billion, provides an object lesson in avoidable corporate disasters. On October 29, 2014 the company … Continue reading

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Real Estate Tycoon Victim Of Corporate Disaster

Real estate tycoon Nicholas Schorsch was forced to resign on December 15, 2014 as head of the $30 billion commercial real estate empire he created. His resignation from the boards of American Realty Capital Properties, along with 15 other related … Continue reading

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