In addition to its list of the 100 Most Influential People in Business Ethics for 2008, Ethisphere also published a list of the Top Ten Individual We Won’t Miss from 2008. Bernard Madoff David Colby – Colby was the former CFO of Wellpoint who was caught carrying on multiple affairs on the side, even once … Read more »
Year: 2009
100 Most Influential People in Business Ethics 2008
Ethisphere has published its list of the 100 Most Influential People in Business Ethics for 2008. The winners are broken down into the following nine core categories: Government and Regulatory Business Leadership Non-Government Organization Design and Sustainability Media and Whistleblowers Thought Leadership Corporate Culture Investment and Research Legal and Governance Here is the list: 1. … Read more »
Madoff Litigation: Can the Lost Billions be Recovered? How?
This post contains my notes from the webinar: Madoff Litigation: Can the Lost Billions be Recovered? How? The Webinar was sponsored by NERA Economic Consulting and produced by The Securities Docket. The slides are available on Securities Docket.com: Materials from Madoff Litigation Webcast. Brad Friedman of Milberg LLP Gerald Silk of Bernstein Litowitz Berger & … Read more »
New York State Bar Position on Carried Interest
Besides the position of Professor Bankman on carried interest, the New York State bar submitted a very detailed report and recommendations to the House Committee on Oversight and Government Reform: New York State Bar Tax Section Report on Carried Interest and Fee Deferral Legislation (.pdf) September, 2008 Read more »
Joseph Bankman Testimony on Hedge Fund Tax Treatment
The House Committee on Oversight and Government Reform held a hearing on hedge funds and the financial market on November 13, 2008. Among those testifying was Professor Joseph Bankman, the Ralph M. Parsons Professor of Law and Business at Stanford Law School: Testimony of Joseph Bankman. Professor Bankman points out that the carried interest of … Read more »
The SEC v. Mark Cuban Insider Trading Case
McDermott Will & Emery put together an excellent peice on insider trading: The SEC v. Mark Cuban Insider Trading Case (.pdf) by Stephen E. Older and Seth T. Goldsamt. Insider trading under U.S. law has developed through a case-by-case interpretation of Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 in the … Read more »
Bingham Presentation on Massachusetts Data Security Law
Bingham McCuthen LLP put together a panel presentation on the Complying with Massachusetts New Data Security Regulations. Mark Robinson, a partner at Bingham, started with an introduction of the law and panel. He called the law “perilous.” Beth Boland, a partner at Bingham, went through the requirements of the new law. OCBR and the business … Read more »
Blogging and Social Networking Policies
Here are some policies that I like for dealing with blogging and social networking sites: IBM Social Computing Guidelines – Blogs, wikis, social networks, virtual worlds and social media Cisco’s Internet Postings Policy Sun Microsystems: Sun Guidelines on Public Discourse BBC: Personal use of social networking and other third party websites (including blogging and personal … Read more »
Enforce Your Email and Web Acceptable Usage Policies
MessageLabs (now part of Symantec) published a whitepaper Not Just Words: Enforce Your Email And Web Acceptable Usage Policies. The Whitepaper was written by Nancy Flynn, Executive Director of the ePolicy Institute. Email & Web Rule #1: Comply with Legal and Regulatory Rules Email & Web Rule #2: Enforce Acceptable Usage Policy with Training and … Read more »
Irrational Exuberance
In an essay in the Wall Street Journal, Stephen Greenspan explains some of the psychology behind the success of Ponzi schemes: Why We Keep Falling For Financial Scams. The basic mechanism explaining the success of Ponzi schemes is the tendency of humans to model their actions — especially when dealing with matters they don’t fully … Read more »