Monthly Archives: September 2018

Mr. Musk will settle the SEC suit he vowed to fight only yesterday morning. He will pay $20 million and no longer be chairman of the board of Tesla. Yowzers. When entrepreneurs go off the rails at full speed, it … Continue reading →

It took the SEC about two weeks to figure out that when Elon Musk tweeted that he had funding for going private at $420 per share, he was puffing. “Puffing” is a charitable description. The complaint alleges Mr. Musk misled … Continue reading →

The investigation began in 2014, and was called Operation Car Wash. The investigation focused on construction companies, and Operation Car Wash discovered that the construction companies over-billed Petrobras and bribing Brazilian officials and Petrobras executives for the privilege of over-billing … Continue reading →

In 2016, the California Public Employees’ Retirement System (Calpers) hired Marcie Frost, the former director of the Washington Department of Labor & Industries, as its new CEO. Since the time of her appointment, Calpers is about to have it third … Continue reading →

As described here a week ago, one of Sloan Kettering’s cancer researchers, Dr. Jose Balsega, had received compensation from pharmas that was not disclosed either to Sloan Kettering or to the editors of the journals publishing his research on the … Continue reading →

Report commissioned by the bank and completed by a Swedish law firm that found there was money laundering that was brought to the bank’s attention in 2007. The interesting part is that it was the Russians who warned the bank … Continue reading →

The Mavericks workplace must have been one wild place. Executives viewed pornography and made sexual advances to co-workers, according to a 43-page report based on an NBA investigation. The report did not implicate Mr. Cuban, but employees told investigators that … Continue reading →

Initially, Shari Redstone, the controlling shareholder of CBS, took the position that Les Moonves, the CEO had to go. The directors were resistant and said they were willing to stay until midnight to get an agreement to stand 100% behind … Continue reading →

“Vatican prosecutors look into possible money laundering, fraud, and embezzlement.” Now that is a headline and story no priest, minister, bishop, cardinal, or pope wants to see. Elisabetta Povoledo, New York Times, September 15, 2018, p. A8. The suspicion is … Continue reading →

Under the Grand Slam rules in tennis, coaching during the match is prohibited (ATP Code). It is a Code violation, and for the first code violation, players get a warning. Under those same rules, racket abuse is also prohibited. i) … Continue reading →

The chief medical officer at the Memorial Sloan Kettering Cancer Center in New York City, Dr. Jose Baselga, forgot to disclose the millions of dollars that he received from Roche and Bristol-Myers Squibb and others for his work on cancer … Continue reading →

The Grand Slam prohibits coaching from the stands to players on the court. In Saturday’s women’s finals match between Naomi Osaka and Serena Williams, the chair empire, Carlos Ramos, issued a warning to Ms. Williams because he had spotted her … Continue reading →

For those of you following the bouncing Elon, here’s a brief summary of his activities: 1. Tesla met its production goals of 5,000 S3 vehicles per week in June by adding a third production line in a tent, but has … Continue reading →