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Corruption

Rupert Murdoch and the Seeds of Moral Hazard

July 20th, 2011  |  Source: HBS Working Knowledge

The News Corporation/News of the World scandal has been described as a case study in bad management.

What was there about the company's organizational culture that led to "Murdoch's Mess"?

Many companies today operate like Russian nesting dolls, where one large figure is actually made up of many smaller ones. These organizations present a unified face to the outside world, but rely heavily on other, usually smaller, companies or external individuals to conduct many of their activities.


Goldman Sachs' Roach Motel for metals in Detroit

July 18th, 2011  |  Source: Fierce Finance

 

The London Metal Exchange (LME) has ordered Goldman Sachs, which owns a massively controversial 19-building metals warehouse in Detroit, to boost the rate at which it delivers metals for physical transfer.


The Golden Cocoon of FIFA’s Ruling Body

July 17th, 2011  |  Source: NYT.com

 

The titans of international soccer are used to pampering. Motorcades. Police escorts. Five-star hotels. Lavish dinners. Cash allowances of $500 a day, and an additional $250 for their wives or girlfriends.


Lobbying groups spend big when lawmakers are honored

July 12th, 2011  |  Source: Sunlight Foundation

 

Honorary fees top $50 million over past two years


Let’s do away with CSR

July 10th, 2011  |  Source: marcgunther.com

 

Maybe it’s time to do away with corporate social responsibility (CSR).

Not merely the words and the idea but the infrastructure: CSR departments, CSR reports, CSR conferences and CSR executives.


Life after Capitalism

July 8th, 2011  |  Source: Project Syndicate.Org

In 1995, I published a book called The World After Communism. Today, I wonder whether there will be a world after capitalism.


Nemesis chases Murdoch’s hubris

July 7th, 2011  |  Source: FT.com

The game is up for Rupert Murdoch. The head of News Corp has held sway over Britain’s media industry for a generation. Prime ministers have feared and feted him. He has outwitted regulators and outgunned rivals. Now, suddenly, it is all unraveling. The media mogul has lost his touch. These things happen.

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Murdoch investors take fright

July 7th, 2011  |  Source: FT.com

Rupert Murdoch, chairman of News Corp, has strongly backed Rebekah Brooks, the executive at the centre of a phone-hacking scandal, even as he denounced the “deplorable and unacceptable” behaviour at the News of the World.


Can Anyone Create a Hacker-proof Cyberspace?

July 6th, 2011  |  Source: K@W

Over the July 4 holiday in the U.S., the Fox News Twitter account was attacked by hackers who left six tweets saying that President Obama had been shot to death in Iowa. Apple was also attacked over the weekend with a tweet directing readers to a list of user names and encrypted passwords from the Apple Business Intelligence web site. Citibank, Sony and even the CIA have also suffered data breaches in recent months, drawing renewed attention to cyber security and accelerating policy debate on how to protect critical information from hackers.




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