Bill Black: CalPERS Seeks to Destroy Its Most Effective Director
Bill Black describes how an attack against a CalPERS trustee violates the board’s and the general counsel’s fiduciary duty.
Read more...Category Archives: Corporate governance
Bill Black: A Letter to Warren Buffett and Charlie Munger about Hiring Proven Whistleblowers
Whistleblowers have all the ideal characteristics to create “a board culture that drives effectiveness and company performance.” Why not make them directors?
Read more...Trump Selects Jay Clayton, S & C Partner, to Head SEC
Trump’s choice to head the SEC, prominent corporate lawyer Jay Clayton, is much more of a mainstream pick than many of his other appointments so far.
Read more...Why Has CalPERS Given Chief Investment Officer Ted Eliopoulos a $135,000 Gift Via a Bonus That Violates His Bonus Formula?
CalPERS flagrantly violated its procedures by granting its CIO, Ted Eliopoulos, a bonus greatly in excess of the level allowed.
Read more...How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud
The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.
Read more...When Bank Boards Get Too Cozy, Expect Misconduct
Why regulators and investors need better measures of the connections between bank executives and their boards.
Read more...Stumpf is Still Faking It – Claims 75% Couldn’t Resist Wells Fargo Credit Cards
In a not-exactly-shocking development of the ongoing Wells Fargo account faking scandal (see our previous coverage here, here and here if you’re late to the party and need a quick catch-up) CEO John Stumpf, fighting a rear-guard action, is making outlandish claims about how, having begun the process of contacting customers who it has cause to […]
Read more...The (Bill) Clinton Team’s Secret Meeting on CEO Compensation
CEO compensation as social engineering and class warfare, as revealed by Robert Reich.
Read more...And Then There Were 3? Three Trials Over Financial Firm Audits Loom for Big Four Firm PwC
PricewaterhouseCoopers faces three potentially serious trials over allegedly negligent audits of failed financial firms. The most significant launched earlier this month in a Florida state court. Other big four firms successfully settled claims.
Read more...How MBA Programs Drive Inequality
How MBA programs reinforced the inequality-promoting neoliberal economic model.
Read more...Bill Black: When Is Crime Not a Crime? When It Is White-Collar Crime
Yet another demonstration of how the media airbrushes out the very concept of white-collar crime.
Read more...Want to Kill Your Economy? Have MBA Programs Churn Out Takers Not Makers.
How MBAs have become negative value added to everyone but themselves.
Read more...CalPERS Uses Unqualified “Expert” to Validate Its London-Whale-Style Deficient Risk Management
CalPERS tells its board that the very same lax risk management oversight structure that led to the London Whale fiasco is “best practice” when it clearly isn’t.
Read more...How the “Maximize Shareholder Value” Myth Weakens Companies and Economic Systems
A multi-level, biological perspective on business shows how simple-minded ideas like “maximize shareholder value” and tolerating predators aredestructive.
Read more...Tax-Dodging Corporate Inversions Accelerating
New rules by the US Treasury to curb corporate inversions haven’t done enough to slow the rising tide.
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