How Corporate Culture Drove Decision-Making The story of Boeing is it placed profits ahead of safety and the result has been a series of crashes/mechanical problems that have led to inspections by the National Transportation Safety Board (NTSB) and litigation by the Securities and Exchange Commission (SEC). In this blog I will address the culture […]
Boeing: Putting Profits Ahead of Safety Read More »
Can a Conflict of Interest Be Avoided? Should members of Congress be prohibited from owning and trading in stocks? This question is receiving a lot of attention on Capitol Hill and in the press. The answer to the question seems to be a no-brainer – Yes! The simple reason is that members of Congress may be
It’s Time to Ban ALL Stock Trades for Members of Congress Read More »
The Case of GE and KPMG A new rule adopted by the U.S. Securities and Exchange Commission requires disclosure of the tenure of a public company’s external auditor in the annual report. KPMG recently reported that it has audited GE since 1909. This raises the question of whether there should be mandatory audit firm rotation
Should Auditors Rotate Every 109 Years? Read More »