Comments for Compliancex http://compliancesearch.com/compliancex Just another WordPress site Tue, 21 Feb 2012 16:13:02 +0000 hourly 1 http://wordpress.org/?v=3.0.1 Comment on SEC Investigating Snack Food Shenanigans by Pringles Has a New Home at Kellogg | Compliancex http://compliancesearch.com/compliancex/securities-and-exchange-commission-sec/sec-investigating-snack-food-shenanigans/#comment-77521 Pringles Has a New Home at Kellogg | Compliancex Tue, 21 Feb 2012 16:13:02 +0000 http://compliancesearch.com/compliancex/?p=21126#comment-77521 [...] for $2.35 billion, but the maker of Emerald Nuts had to drop out of the deal after they had some snack food shenanigans involving their accounting. Not only are the feds now investigating, but Diamond Foods had to give [...] [...] for $2.35 billion, but the maker of Emerald Nuts had to drop out of the deal after they had some snack food shenanigans involving their accounting. Not only are the feds now investigating, but Diamond Foods had to give [...]

]]> Comment on What is the Legacy of the OWS Movement? by Jim George http://compliancesearch.com/compliancex/occupy-wall-street/what-is-the-legacy-of-the-ows-movement/#comment-67476 Jim George Wed, 01 Feb 2012 21:01:58 +0000 http://compliancesearch.com/compliancex/?p=21478#comment-67476 The OWS people have raised two issues some have picked up on: 1. moral hazard and 2. the widening gap between what top people in companies get and what typical employees get. 1. Economists call it "moral hazard" when one person makes a risk decision where he gets the up-side while someone else is hit with any losses. Many on Wall Street took risks where they got big rewards for success but lost nothing when things went bad. This happened both at the individual level and at the corporate level as well (for those companies deemed to-big-to-fail). 2. Each week the TV show "Undercover Boss" shows one CEO discover exactly what each prior CEO had discovered. They learn that the success of their company has been dependent on the employees that serve the customers and contribute to customer satisfaction. In the days of smaller corporations no one needed to tell the CEO that. Now they are amazed to find it out. But one executive at a time isn't getting us any closer to a reasonable split of corporate pay. The OWS people have raised two issues some have picked up on: 1. moral hazard and 2. the widening gap between what top people in companies get and what typical employees get.

1. Economists call it “moral hazard” when one person makes a risk decision where he gets the up-side while someone else is hit with any losses. Many on Wall Street took risks where they got big rewards for success but lost nothing when things went bad. This happened both at the individual level and at the corporate level as well (for those companies deemed to-big-to-fail).

2. Each week the TV show “Undercover Boss” shows one CEO discover exactly what each prior CEO had discovered. They learn that the success of their company has been dependent on the employees that serve the customers and contribute to customer satisfaction. In the days of smaller corporations no one needed to tell the CEO that. Now they are amazed to find it out. But one executive at a time isn’t getting us any closer to a reasonable split of corporate pay.

]]> Comment on Compliance International: Committed to your Success by Renzo Gadola, Ex-UBS Banker, Sentenced For Aiding U.S. Tax Evasion | The Wall Street Job Report http://compliancesearch.com/compliancex/uncategorized/compliance-international-committed-to-your-success/#comment-46858 Renzo Gadola, Ex-UBS Banker, Sentenced For Aiding U.S. Tax Evasion | The Wall Street Job Report Mon, 21 Nov 2011 17:53:58 +0000 http://compliancesearch.com/compliancex/?p=16853#comment-46858 [...] [...] [...] [...]

]]> Comment on Compliance International: Committed to your Success by UC Davis Police Pepper-Spray Seated Students In Occupy Dispute | The Wall Street Job Report http://compliancesearch.com/compliancex/uncategorized/compliance-international-committed-to-your-success/#comment-46791 UC Davis Police Pepper-Spray Seated Students In Occupy Dispute | The Wall Street Job Report Mon, 21 Nov 2011 15:54:00 +0000 http://compliancesearch.com/compliancex/?p=16853#comment-46791 [...] [...] [...] [...]

]]> Comment on Who Am I? The saga continues for accused Ponzi schemer R. Allen Stanford by Jim George http://compliancesearch.com/compliancex/ponzi-scheme/who-am-i-the-saga-continues-for-accused-ponzi-schemer-r-allen-stanford/#comment-45366 Jim George Sat, 19 Nov 2011 20:17:55 +0000 http://compliancesearch.com/compliancex/?p=20137#comment-45366 Stanford is one of the few examples of Wall Street crooks actually put in prison. Despite what he has done the prison system failed to protect him and should be held accountable for the routine nature of such prisoner behavior. Beatings are one of the ways prisoners run the prisons. Enough cameras and good monitoring software could help a lot in controlling this. Stanford is one of the few examples of Wall Street crooks actually put in prison. Despite what he has done the prison system failed to protect him and should be held accountable for the routine nature of such prisoner behavior.

Beatings are one of the ways prisoners run the prisons. Enough cameras and good monitoring software could help a lot in controlling this.

]]> Comment on Compliance International: Committed to your Success by Good News for Compliance Officers – New Consumer Agency Staffs Up w. Regulators | The Wall Street Job Report http://compliancesearch.com/compliancex/uncategorized/compliance-international-committed-to-your-success/#comment-44523 Good News for Compliance Officers – New Consumer Agency Staffs Up w. Regulators | The Wall Street Job Report Fri, 18 Nov 2011 18:57:58 +0000 http://compliancesearch.com/compliancex/?p=16853#comment-44523 [...] [...] [...] [...]

]]> Comment on Compliance International: Committed to your Success by Hedge Funds Anti-Social Towards Social Media | HedgeFundsX http://compliancesearch.com/compliancex/uncategorized/compliance-international-committed-to-your-success/#comment-43682 Hedge Funds Anti-Social Towards Social Media | HedgeFundsX Thu, 17 Nov 2011 21:02:40 +0000 http://compliancesearch.com/compliancex/?p=16853#comment-43682 [...] [...] [...] [...]

]]> Comment on Compliance International: Committed to your Success by Bill Gates Just Bought $571 Million of This Stock | HedgeFundsX http://compliancesearch.com/compliancex/uncategorized/compliance-international-committed-to-your-success/#comment-42765 Bill Gates Just Bought $571 Million of This Stock | HedgeFundsX Wed, 16 Nov 2011 20:50:52 +0000 http://compliancesearch.com/compliancex/?p=16853#comment-42765 [...] [...] [...] [...]

]]> Comment on The Dirty Little Secrets of Recruiting by Susan http://compliancesearch.com/compliancex/current-affairs/the-dirty-little-secrets-of-recruiting/#comment-40667 Susan Mon, 14 Nov 2011 16:39:08 +0000 http://compliancesearch.com/compliancex/?p=19546#comment-40667 You are so right. Years ago in grad school I had to take an HR course. In this class, the seasoned instructor informed us that HR people are looking for a "like me" to hire or perhaps a new BFF, they do not care about qualifications for the job. No wonder companies are complaining about lack of qualified applicants....they were rejected by your HR team. So what impression is your firm giving clients or potential clients by the actions of your HR team ? To bring down unemployment, the regulators need to check out what is happening, or not, in the HR practices. Another observation, if one is not connected to a politically influential or wealthy family, you will probably stay unemployed. Yes HR is a very dirty business and controls too much of our business climate. You are so right. Years ago in grad school I had to take an HR course. In this class, the seasoned instructor informed us that HR people are looking for a “like me” to hire or perhaps a new BFF, they do not care about qualifications for the job. No wonder companies are complaining about lack of qualified applicants….they were rejected by your HR team. So what impression is your firm giving clients or potential clients by the actions of your HR team ?

To bring down unemployment, the regulators need to check out what is happening, or not, in the HR practices.

Another observation, if one is not connected to a politically influential or wealthy family, you will probably stay unemployed.

Yes HR is a very dirty business and controls too much of our business climate.

]]> Comment on Compliance International: Committed to your Success by Goldman And Morgan Stanley Will Sacrifice Accounting Purity To Win Deals | The Wall Street Job Report http://compliancesearch.com/compliancex/uncategorized/compliance-international-committed-to-your-success/#comment-37786 Goldman And Morgan Stanley Will Sacrifice Accounting Purity To Win Deals | The Wall Street Job Report Fri, 11 Nov 2011 18:30:31 +0000 http://compliancesearch.com/compliancex/?p=16853#comment-37786 [...] [...] [...] [...]

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