Trust Digest 129 (February 29, 2016)
EU Tax Ruling May Prompt Business Move Out of Belgium
Some multinational companies operating in Belgium are considering shifting part of their business out of the country after the European Union declared a government tax scheme illegal and is requiring the companies to pay back hundreds of millions of euros in unpaid taxes.
Key Words: EU, Tax Discount Plan, Belgium
Trust Issues: Relative Power, Conflict of Interests, Predictability, Integrity, Benevolent Concern
The explosion in overdoses from legal drugs is changing how doctors treat pain — but it may not be enough
Legal prescription opioids like Oxycontin and Percocet, as well as illegal opioids like heroin, involved in 60% of those deaths, according to a CDC report released in January.
Key Words: Drug Overdoses, Oxycontin, Percocet, Physicians
Trust Issues: Benevolent Concern, Security, Integrity, Predictability
Overdraft Practices Continue to Gut Bank Accounts and Haunt Customers
Angelina Lemus was puzzled. She had no idea why every month as much as $96 was disappearing from her Citibank checking account.
Key Words: Overdraft fees, Banks, US, Consumer Financial Protection Bureau
Trust Issues: Situational Security, Predictability, Integrity
How an 'oddball' team created one of Facebook's biggest potential threats to Google
What you might not know is that the social network also feeds ads to a bunch of other apps and mobile websites through what it calls the "Facebook Audience Network."
Key Words: Facebook, Google, Online Ads, Brian Boland
Trust Issues: Benevolent Concern, Integrity, Adjustment, Capability
Warren Buffett Defends Berkshire’s 2015 Moves
Warren Buffett’s annual letter to Berkshire Hathaway Inc. shareholders highlighted his optimism about the conglomerate’s performance and the future of the American economy. But the billionaire also used sections of the 31-page letter to again address criticism of some of Berkshire’s business moves.
Key Words: Warren Buffet, Berkshire Hathaway Inc., 3G Partnership
Trust Issues: Relative Power, Security, Adjustment, Capability, Benevolent Concern
VW’s Crisis Strategy: Forward, Reverse, U-Turn
“There was something like a tsunami,” Hans-Gerd Bode, Volkswagen’s communications chief since September, said in an interview. “Thousands of calls and emails coming in at the same time.”
Key Words: Volkswagen, Emissions Cheating Scandal, Crisis Communications
Trust Issues: Relative Power, Security, Capability, Adjustment
A former Morgan Stanley VP wants investors to trust his 'robo-advisor' app with their savings
A high-flying investment banker launched his new fintech app in the UK this week, having already secured 60,000 users in Italy.
Key Words: Morgan Stanley, VP, Robo-Advisor, Paolo Galvani
Trust Issues: Relative Power, Adjustment, Security, Predictability, Integrity