Trust Digest 149 (July 25, 2016)
Fraud Probe Ricochets Through Platinum Partners, a Hedge Fund With Ties to Jewish Community
Platinum Partners has reported strong returns for years but now liquidating.
Key Words: Bribery, fraud investigation, hedge-fund
Trust Issues: Security, Integrity, Risk Tolerance, Capability
Best-Paid CEOs Run Some of Worst-Performing Companies
The best-paid CEOs tend to run some of the worst-performing companies and vice versa- even when pay and performance are measured over the course of many years, according to a new study.
Key Words: CEO’s, performance, salary
Trust Issues: Integrity, Interests
U.S. Files Suits Seeking to Block Insurer Deals
Antitrust enforcers are challenging Anthem’s buy of Cigna, Aetna’s deal with Humana.
Key Words: Health insurers, antitrust
Trust Issues: Similarities, Interests, Integrity
Theranos Hires Compliance, Regulatory Executives
Theranos Inc. said Thursday it hired two executives and formed a new board member committee focused on quality and regulatory control, as the blood-testing startup contends with heavy regulatory sanctions and a criminal probe.
Key Words: Elizabeth Holmes, Theranos, quality and regulatory control
Trust Issues: Integrity, Interests, Risk Tolerance
Judge bans Uber background check in NY lawsuit
A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information obtained in a background check of a plaintiff brining a price-fixing lawsuit, saying the firm that conducted the investigation engaged in “arguably” criminal conduct.
Key Words: Uber Technologies, CEO Travis Kalanick
Trust Issues: Integrity, Risk Tolerance
FAA Review Finds Allegiant Air Has Several ‘Minor, Non-Systemic’ Deficiencies
Allegiant Air, a Las Vegas-based budget carrier, said a Federal Aviation Administration audit of its operations, training, maintenance and compliance with regulations turned up “minor” or “non-systemic” issues, the carrier said Thursday.
Key Words: Allegiant Air, FAA, ‘non-systemic’ issues
Trust Issues: Security, Integrity, Risk Tolerance
Southeast Asian Bloc Finds Unity on South China Sea Dispute
Southeast Asian nations found common ground on the South China Sea dispute after weeks of division, but maneuvering by China kept the 10-member bloc from mentioning a recent legal ruling against Beijing’s territorial claims in the strategic waters.
Key Words: South China sea dispute, Asian bloc
Trust Issues: Integrity, Risk Tolerance, Similarities, Communication