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  • Banking Sector Diamonds (Dimons) Lose Their Luster

    • July 5, 2012
    • Posted by: Ted Bullen
    • Category: Banking, Corruption, Ethics, News
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    Barclay’s London-based CEO, Bob Diamond, was ousted this week as a result of an admitted manipulation of the London InterBank Offered Rate (LIBOR). LIBOR has long been one of the world’s most used financial indices. Manipulation of LIBOR by Barclay’s and other banks, directly impacts consumers and businesses. Barclay’s first manipulated the rate so as

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  • Wal-Mart Reports Strong Sales Despite Bribery Scandal. What’s a Little Corruption Among Friends?

    • May 17, 2012
    • Posted by: Ted Bullen
    • Category: Ethics, Information Technology, News, Retail
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    It was announced, today, that Wal-Mart Stores Inc’s profit and sales surpassed expectations, causing share prices to rise, briefly recovering the 8+% loss after the bribery scandal was uncovered (See Ethics For Sale at Wal-Mart.) Shares eventually settled up 4 percent. This occurred despite ongoing internal and government probes into bribery of Mexican government officials.

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  • Power + Knowledge ≠ Wisdom: The Fall of an IBM Executive

    • September 16, 2010
    • Posted by: Ted Bullen
    • Category: Ethics, Legal, News
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    Early in 2001, I rode the IBM corporate helicopter to accompany senior executives, of a large insurance company, to a meeting at the executive wing at IBM’s headquarters in Armonk, NY.  Waiting for us, in his own, personal, conference room, was Sam Palmisano, then president of IBM.  Also waiting in the conference room was Robert

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  • HP Rides the Slippery Slope from Ethics Violations to Charges of Corruption

    • September 10, 2010
    • Posted by: Ted Bullen
    • Category: Ethics, Legal, News
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    Yesterday, it became known that the U.S. was widening its investigation into possible bribes paid by Hewlett-Packard to help win a contract in Russia.  The government probe began in April when authorities arrested three HP employees in Germany and Switzerland who were charged, by German prosecutors, with bribery, embezzlement, and tax evasion in connection with

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