The Geneva Trap :: from www.uruknet.info :: news from occupied Iraq - ch: "The Geneva Trap
Sonia Cardenas, Project Against the Present Danger"
Wednesday, March 30, 2005
The Geneva Trap :: from www.uruknet.info :: news from occupied Iraq - ch
The Geneva Trap :: from www.uruknet.info :: news from occupied Iraq - ch: "The Geneva Trap
Sonia Cardenas, Project Against the Present Danger"
Sonia Cardenas, Project Against the Present Danger"
City Pages - The Undoing of America
City Pages - The Undoing of America: "The Undoing of America
Gore Vidal on war for oil, politics-free elections, and the late, great U.S. Constitution"
Gore Vidal on war for oil, politics-free elections, and the late, great U.S. Constitution"
Scoop: Inside The ABC News UFO Documentary Hoax
Scoop: Inside The ABC News UFO Documentary Hoax: "Inside The ABC News UFO Documentary Hoax
Tuesday, 29 March 2005, 11:25 am
Opinion: Guest Opinion "
Tuesday, 29 March 2005, 11:25 am
Opinion: Guest Opinion "
Asia Times Online :: South Asia news, business and economy from India and Pakistan
Asia Times Online :: South Asia news, business and economy from India and Pakistan: "The scandal behind Pakistan's raging bull run"
Nervous about ethics, firms are fast to fire: printer friendly version
Nervous about ethics, firms are fast to fire: printer friendly version: "
Nervous about ethics, firms are fast to fire
By Landon Thomas Jr. The New York Times
Wednesday, March 30, 2005
NEW YORK Two senior investment bankers at Bank of America were summoned to a meeting where their boss, visibly uncomfortable and flanked by bank lawyers, read them a statement. They were both dismissed and asked to leave the building immediately. The decision was final.
Stunned, the bankers asked if they had broken any regulations. No, they were told. Nor had they traded on any inside information. Within the hour, they had turned in their BlackBerrys and laptops and were on their way home to the suburbs.
This example illustrates one effect of heightened regulatory scrutiny in the United States after the collapse of Enron and other companies. Corporations and their boards are adopting zero-tolerance policies and increasingly holding their employees to lofty standards of business and personal behavior.
The result is a wave of abrupt firings as corporations move to stop perceived breaches of ethics by their employees that could result in law enforcement action, or public relations disasters.
In the ruthlessly competitive world of investment banking, the two investment bankers at Bank of America had been doing what presumably was their job. Acting on a tip from a rival banker, they had called a company preparing to merge with another and asked to get in on the deal.
In a different era, such a ploy might well have been seen as an example of what hungry bankers do to secure an inside edge with a client and maybe even a better bonus - not an inappropriate use of confidential information and cause for termination.
'We are in a regulatory fren"
Nervous about ethics, firms are fast to fire
By Landon Thomas Jr. The New York Times
Wednesday, March 30, 2005
NEW YORK Two senior investment bankers at Bank of America were summoned to a meeting where their boss, visibly uncomfortable and flanked by bank lawyers, read them a statement. They were both dismissed and asked to leave the building immediately. The decision was final.
Stunned, the bankers asked if they had broken any regulations. No, they were told. Nor had they traded on any inside information. Within the hour, they had turned in their BlackBerrys and laptops and were on their way home to the suburbs.
This example illustrates one effect of heightened regulatory scrutiny in the United States after the collapse of Enron and other companies. Corporations and their boards are adopting zero-tolerance policies and increasingly holding their employees to lofty standards of business and personal behavior.
The result is a wave of abrupt firings as corporations move to stop perceived breaches of ethics by their employees that could result in law enforcement action, or public relations disasters.
In the ruthlessly competitive world of investment banking, the two investment bankers at Bank of America had been doing what presumably was their job. Acting on a tip from a rival banker, they had called a company preparing to merge with another and asked to get in on the deal.
In a different era, such a ploy might well have been seen as an example of what hungry bankers do to secure an inside edge with a client and maybe even a better bonus - not an inappropriate use of confidential information and cause for termination.
'We are in a regulatory fren"
In but not of this world, Southern Seminary hires gay-friendly firm
In but not of this world, Southern Seminary hires gay-friendly firm: "In but not of this world, Southern Seminary hires gay-friendly firm "
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