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The Wirecard Saga

Season 3, Episode 34 – The Docket Part 2: Jane Doe

Welcome to Season 3 of Lies, Spies & Corporate Crimes: The Wirecard Saga. The Wirecard Saga has become the world’s leading source of all things Wirecard. In Lies, Spies & Corporate Crimes: The Wirecard Saga, Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors, looks at the biggest financial scandal in post-war Germany from a variety of angles. In this episode 34, Mikhail continues her exploration of those persons, entities, and governments who have been damaged, some beyond repair, by Wirecard and the nuclear fallout from its scandal. Some of the highlights include:

  • Lawsuits continue to disclose more dirt
  • A truly brave whistleblower
  • Crimes against children fund Wirecard
  • German technology fueled Internet porn
  • How to hide dirty profits
  • MindGeek was a good client
  • Banks in it together: Wirecard, FBME & Deutsche
  • Visa played its part
Categories
Presidential Leadership Lessons for the Business Executive

Leadership Lessons from Andrew Johnson: Part 1-Early Years to VP Nomination

Richard Lummis and Tom Fox continue their exploration of American Presidents as they begin a two-part series on Andrew Johnson. In this Part 1, they discuss Johnson’s early life up to his nomination as Lincoln’s Vice-Presidential running mate in 1864. Highlights include:

·      Early Life

·      State Political Career 

·      Federal Political Career

·      Up to the Civil War

·      Leadership Lessons

Resources

Andrew Johnson-UVA Miller Center

Is Andrew Johnson the worst president in American history?

Andrew Johnson: The most-criticized president ever?

Categories
Daily Compliance News

November 3, 2022 the Pls Fix Edition

In today’s edition of Daily Compliance News:

  • CVS and Walgreens to pay $10bn? (WSJ)
  • Leidos receives a subpoena. (WSJ)
  • Crap bosses and personal time. (WSJ)
  • Glencore UK fine to be announced Thursday. (Bloomberg)
Categories
Blog

The Nets and a Failure of Corporate Culture

What is corporate culture? What are ethical values? What is integrity at your organization? All of these questions are critical to the success of any business. Unfortunately, we usually see the answers to these questions play out in the negative. This week the Brooklyn Nets hit the trifecta of negative answers to all the above.

It all started out with a tweet from that noted freethinker (i.e., flatworlder & anti-vaxxer) Kyrie Irving who, according to Rolling Stone magazine, took to Twitter to boost a movie and book, Hebrews to Negroes, stuffed with antisemitic tropes. The movie espouses ideas in line with more extreme factions of the Black Hebrew Israelites, which have a long history of misogyny, homophobia, xenophobia, Islamophobia, and especially antisemitism. If that was not bad enough, when asked to explain himself in a post-game press conference, Irving was shocked, shocked that anyone would question him, saying according to ESPN, he “does not believe he did anything wrong in promoting an antisemitic film and book on his social media accounts.”

The condemnation was swift from the Nets and other National Basketball Association (NBA) players. According to Rolling Stone, as an organization, “The Brooklyn Nets strongly condemn and have no tolerance for the promotion of any form of hate speech. We believe that in these situations, our first action must be open, honest dialogue. We thank those, including the ADL, who have been supportive during this time.” The Nets owner Joe Tsai also issued a statement Friday night on Twitter expressing, “I’m disappointed that Kyrie appears to support a film based on a book full of anti-Semitic disinformation. I want to sit down and make sure he understands this is hurtful to all of us, and as a man of faith, it is wrong to promote hate based on race, ethnicity or religion.” He added, “This is bigger than basketball.”

Nets (then-more on that below) coach Steve Nash said in Basketball News, “”I just hope that we all go through this together,” Nash said before the Nets game against the Indiana Pacers. “There’s always an opportunity for us to grow and understand new perspectives. “I think the organization is trying to take that stance where we can communicate through this. And try to all come out in a better position and both more understanding and more empathy for every side of this debate and situation,” Nash added.”

According to SI.com, “the Inside the NBA crew of Ernie Johnson, Charles Barkley, Kenny Smith and Shaquille O’Neal had strong opinions on the” tweet and events.  “Barkley and O’Neal didn’t pull any punches in ripping Irving, with both hosts referring to him as “an idiot.” Barkley expressed his disappointment that the NBA didn’t suspend Irving, while Shaq called out Irving.”

What does a company do when one of its top producers lays out an antisemitic tweet? Why of course it fires the coach. Of course, the Nets said was it was based on the team’s abysmal start. GM Sean Marks said, “a change is necessary at this time. ESPN noted “it’s exceptionally rare for an NBA coach to be let go on a game day, much less roughly 12 hours after a win (the Nets beat the Indiana Pacers 116-109 on Monday night). Marks explained the business decision had been in the works for days. If the timeline he refers to here is accurate, these conversations would have actually started only a few days into the 2022-23 regular season.” Although Marks said the players had no input into the decision to fire Nash, nothing gets done on the Nets without the input of its star player Kevin Durant. In other words, Irving puts out an antisemitic tweet and the coach is fired. All of that sounds like NCAA enforcement back in the day where when Ohio State was caught violating the recruiting rules, Western Kentucky got put on probation.

But it even gets worse from a culture, reputational and integrity perspective next. Apparently, the Nets are aiming to hire the suspended Boston Celtics head coach Ido Udoka. Udoka was suspended before the season started, according to The Athletic for “having an intimate relationship with a female member of the Celtics organization. The Celtics front office determined Udoka’s actions were unacceptable, and he was unfit to coach the team he had just led to the NBA Finals. They suspended the second-year coach for the entirety of the 2022-23 season.”

The Athletic (and even WOJ) reported that Udoka is on the verge of being awarded the same job in a different organization, not even two months into his suspension. The article went on to ask, “And what about the Nets? Did they even think about the women who work in their organization and how they would be affected by such a hire? Hiring Udoka is a slap in the face to all of those women and women everywhere.”

What is the culture of the Nets? I went to the Nets website to review their Code of Conduct but it is entitled, NBA Fan Code of Conduct. No policy on harassment, discrimination or anything else. Even the Houston Astros had a policy against abuse towards women when they decided it only applied to Astros players and not players from other teams when they traded for Roberto Osuna.

Where is the NBA in all of this? Nowhere to be seen apparently. Once again, I went to the NBA website and no public facing Code of Conduct for itself or its teams.

What does all of this say about the culture, ethics and integrity of the Net? I will leave you to conjugate on that question. What would you do when a top producer violates an accepted norm by supporting a clearly antisemitic movie? Do you think he can claim that there was nothing in the Code of Conduct about it as the Nets apparently have no Code of Conduct? What does it say about its romancing of a new head coach who is currently under suspension for having an inappropriate relationship with a female team employee that the Celtics considered a violation of the team’s organizational guidelines. What will it mean for female employees? Will or even can they ever trust him?

And everyone thought the culture of the Washington Football Team was the worst in sports.

Categories
Jamming with Jason

Being Yourself with Brad Miller

Have you ever asked yourself, “what do I have to do to fit in?” As one of the kids who was always picked last on the playground, someone who was always a little different or quirky, I have.

In this #jammingwithjason #podcast episode, I talk with my friend Brad Miller, who had some of those same feelings. Growing up sheltered (me too) sometimes feeling awkward and starting to question why we try so hard to fit in when it’s much more fun and authentic to be ourselves (me three).

We tackle a lot in this episode as you hear Brad’s story and what he is doing now to help make sure that as a dad to his young daughter, he helps her realize there is nothing wrong with others thinking you are a little weird. Our weirdness makes us lovable and is the only way we can provide this world with the beauty that is our uniqueness. You will also see what happens when we set intentions and step into our personal power to manifest what we want.

The fact that you are reading this means there is something in this episode you need to hear and share with others.

FOR FULL SHOW NOTES AND LINKS, VISIT:

E296 Being Yourself with Brad Miller

You can also listen to the previous episode with Marty: Ged Out of BED https://jasonmefford.com/jammingwithjason79/.

LIKE THE PODCAST?

If you’re the kind of person who likes to help others, then share this with your friends and family. If you find value, they will too. Please leave a review [https://itunes.apple.com/us/podcast/jamming-with-jason-mefford/id1456660699] on Apple Podcasts so we can reach more people.

Join my Facebook group: https://www.facebook.com/groups/beinguniquely

OTHER RESOURCES YOU MAY ENJOY:

My YouTube channel [https://www.youtube.com/c/jasonleemefford] and make sure to subscribe

My Facebook page [https://www.facebook.com/jammingwithjasonmefford]

My LinkedIn page [https://www.linkedin.com/in/jasonmefford/]

My website [https://jasonmefford.com]

STAY UP TO DATE WITH NEW CONTENT:

It can be difficult to find information on social media and the internet, but you get treated like a VIP and have one convenient list of new content delivered to your inbox each week when you subscribe to Jason’s VIP Lounge at: https://jasonmefford.com/vip/ plus; that way, you can communicate with me through email.

Categories
The Hill Country Podcast

Aamil Sarfani-Commercial Real Estate Development in San Antonio and the Hill Country

Welcome to award-winning The Hill Country Podcast. The Texas Hill Country is one of the most beautiful places on earth. In this podcast, Hill Country resident Tom Fox visits with the people and organizations that make this the most unique areas of Texas. Join Tom as he explores the people, places and their activities of the Texas Hill Country.  In this episode, I visit with Aamil Sarfani, a commercial real estate developer in San Antonio. He talks about the current business market for commercial real estate and his strategy for long term growth in San Antonio and the Hill Country.

Resources

Sarfani Commercial Advisors

Categories
Great Women in Compliance

All Star Women Monitors

Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley.

Today is the first part of a 2-part series that we have been planning for a while, and the timing turned out to be perfect. Lisa is speaking with an all-star panel of Audrey Harris, Bethany Hengsbach and Dionne Lomax,  Managing Directors from Affiliated Monitors.  Audrey’s area is  Global Anticorruption, Compliance, Ethics & Non–Financial Risk, Bethany focuses on Global Corporate Compliance, with a focus on healthcare, and Dionne works in Antitrust and Trade Regulation, as well as being a professor at Boston University.

 In Part 1, we get to hear more about their backgrounds and the road to their current roles.  They also explain more about work as a monitor, including how they are appointed, what they do as monitors, and the field in general.  They also share their experiences in reviewing programs and what impresses them when they are assessing a program, and, conversely, what concerns them.

They also provide advice for women who want to get into the field, and some of the things they have learned.

 The Great Women in Compliance Podcast is on the Compliance Podcast Network with a selection of other Compliance related offerings to listen in to.  If you are enjoying this episode, please rate it on your preferred podcast player to help other likeminded Ethics and Compliance professionals find it.  If you have a moment to leave a review at the same time, Mary and Lisa would be so grateful.  You can also find the GWIC podcast on Corporate Compliance Insights where Lisa and Mary have a landing page with additional information about them and the story of the podcast.  Corporate Compliance Insights is a much appreciated sponsor and supporter of GWIC, including affiliate organization CCI Press publishing the related book; “Sending the Elevator Back Down, What We’ve Learned from Great Women in Compliance” (CCI Press, 2020).

If you enjoyed the book, the GWIC team would be very grateful if you would consider rating it on Goodreads and Amazon and leaving a short review.  Don’t forget to send the elevator back down by passing on your copy to someone who you think might enjoy reading it when you’re done, or if you can’t bear parting with your copy, consider it as a holiday or appreciation gift for someone in Compliance who deserves a treat.

You can subscribe to the Great Women in Compliance podcast on any podcast player by searching for it and we welcome new subscribers to our podcast.

Join the Great Women in Compliance community on LinkedIn here.

Categories
Compliance Into the Weeds

Thinking about Clawbacks

The award-winning, Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to explore a subject. In this episode, we consider the recent SEC requirement for companies to publicly report clawback provisions and their effects in conjunction with the DOJ requirements for clawbacks. Highlights include:

·       What are clawbacks?

·       What does the SEC rule require?

·       Are clawbacks the mirror of executive incentives?

·       How does the DOJ position, as laid out in the Monaco Memo, differ (if any) from the SEC requirements?

·       How far down the corporate chain must a clawback provision impact?

Categories
Daily Compliance News

November 2, 2022 the I Did it For Love Edition

In today’s edition of Daily Compliance News:

  • Was it love or was it cheating? (CBSChannel9)
  • Cheating in cornhole. (WSJ)
  • Paying for good news. (ESPN)
  • Greenwashing at the World Cup. (si.com)
Categories
The Compliance Life

Stephen Martin – College & Early Professional Career in Government Service

The Compliance Life details the journey to and in the role of a Chief Compliance Officer. How does one come to sit in the CCO chair? What are some of the skills a CCO needs to successfully navigate the compliance waters in any company? What are some of the top challenges CCOs have faced and how did they meet them? These questions and many others will be explored in this new podcast series. Over four episodes each month on The Compliance Life, I visit with one current or former CCO to explore their journey to the CCO chair. This month, my guest is Stephen Martin, CCO at Skillsoft on his path to the CCO Chair.

Stephen received his undergrad degree from Creighton University, his law degree from the University of Denver, and an LLM from Georgetown. He began his career at the state of Missouri’s Attorney General audiences where he handled both trial and appellate work. He moved from there to the Department of Justice under the Clinton administration. Working at both state and federal levels gave him great practical hands-on experience in the courtroom and Court of Appeals.

Resources

Stephen Martin LinkedIn Profile