Water Cooler News Links for August 16, 2010
Among today’s news links: Hurd Deal inflamed board at HP; Massachusetts Medical-record dump serves as warning; and, Survey shows companies worry more about reputational risk.
Among today’s news links: Hurd Deal inflamed board at HP; Massachusetts Medical-record dump serves as warning; and, Survey shows companies worry more about reputational risk.
H-P news that does not involve its former CEO, what others are saying about the Giffen Gaffe, SciClone’s stock drop, and Siemens $1 billion customer … it’s all here in the Friday roundup.
It has not been a good week for HP, and there does not appear to be any relief in sight.
Among today’s news links: Larry Ellison calls HP’s decision to can Mark Hurd the “worst personel decision since the idiots on the Apple board fired Steve Jobs many years ago.”; Inside the AIG bailout scandal; Hurd reaps payday as HP investors suffer.
If top management is not fully committed to such an ethical and compliance culture, such lack of commitment will be clearly understood by middle managers of a company. This is particularly true of the FCPA.
If you haven’t heard, Mark Hurd was relieved of his executive duties at HP, according to the Wall Street Journal, “in large part because of the conflict between his actions and the code of conduct, which he publicly championed in 2006 following a boardroom scandal.”
Today’s news links include: Ousted HP chief reportedly reaches settlement with accuse; Two tobacco firms settle FCPA charges; and 10 Worst Places to Live.
This article concludes our series on what Thomas Fox believes to be the Top 3 FCPA cases in the first half of 2010. He reviews HP and its reported investigation for the alleged payments of bribes to secure a contract to sell computer hardware into Russia.
It was not without some small interest when a term most often associated with the Foreign Corrupt Practices Act (FCPA) compliance world was used on ESPN’s Baseball Tonight to describe a hitter’s batting characteristics.
Mike Koehler analyzes the oft-cited notion that companies disclosing FCPA issues or settling FCPA enforcement actions suffer reputational damage. Is it true? And can any such damage be seen in stock price and/or revenue?
