Trust Digest 76 (December 9, 2014)
Civil Rights Attorney On How She Built Trust With Police
As a civil rights attorney, Constance Rice became known in the 1990s for, as she puts it, going to war with the Los Angeles Police Department. Rice filed lawsuits against the department, mainly over their treatment of minorities in underprivileged communities. Following the recent decisions not to indict white cops in the deaths of two black men — President Obama has said one of his top priorities is building trust between minority communities and local police.
Key Words: Civil Rights, Police, NPR, Racism
Trust Issues: Alignment of Interests, Communication
Energy Firms in Secretive Alliance With Attorneys General
The letter to the Environmental Protection Agency from Attorney General Scott Pruitt of Oklahoma carried a blunt accusation: Federal regulators were grossly overestimating the amount of air pollution caused by energy companies drilling new natural gas wells in his state. But Mr. Pruitt left out one critical point. The three-page letter was written by lawyers for Devon Energy, one of Oklahoma’s biggest oil and gas companies, and was delivered to him by Devon’s chief of lobbying.
Key Words: Energy, State Government, EPA
Trust Issues: Alignment of Interests, Transparency, Integrity
BP Fails in Supreme Court Gulf Appeal
BP has failed in its attempt to persuade the US Supreme Court to rule on its legal battle over compensation for its 2010 oil spill in the Gulf of Mexico, marking the end of the road for one of the company’s main hopes for limiting the cost of its payments. The decision was described by lawyers representing the claimants seeking compensation from the company as “a huge victory for the gulf”.
Key Words: BP, Deepwater Horizon spill, SCOTUS
Trust Issues: Accountability, Trust Repair
Follow the Money: Corruption and Graft Punish the Poor, Undermine Development, and Corrode Honest Governance
Follow the money, and you’ll find out how and why corruption has become "Public Enemy Number One" for those who are promoting global development – as crony capitalists in the private sector connive with corrupt officials in the public sector to short-circuit sound business practices, enrich self-interested insiders, subvert the broad public interest, and undermine the ideals of good governance.
Key Words: Corruption, World Bank
Trust Issues: Integrity, Benevolence, Responsibility
We Can’t Trust Uber
UBER, the popular car-service app that allows you to hail a cab from your smartphone, shows your assigned car as a moving dot on a map as it makes its way toward you. It’s reassuring, especially as you wait on a rainy street corner. Less reassuring, though, was the apparent threat from a senior vice president of Uber to spend “a million dollars” looking into the personal lives of journalists who wrote critically about Uber. The problem wasn’t just that a representative of a powerful corporation was contemplating opposition research on reporters; the problem was that Uber already had sensitive data on journalists who used it for rides.
Key Words: Uber, Data Security
Trust Issues: Accountability, Transparency
Paid to Promote Eye Drug, and Prescribing It Widely
When the drug maker Genentech introduced a major product in 2006, it found itself in an awkward position: persuading eye doctors to start using its new more expensive drug instead of a popular cheaper version that the company already sold. Ophthalmologists had been enthusiastically using the company’s cancer drug Avastin, which cost about $50 a dose, to treat a common eye disease in the elderly, wet macular degeneration. Then Genentech introduced Lucentis, a nearly equivalent drug that cost $2,000 a dose and was approved specifically to treat the disease.
Key Words: Pharmaceuticals, Genentech, Lucentis
Trust Issues: Integrity, Responsibility, Accountability
Fed Mulling Extension of Volcker Rule Deadline
The U.S. Federal Reserve is considering a delay in implementation of the Volcker Rule limiting banks’ proprietary trading amid concerns that banks will suffer losses if they have to dump private equity investments by the current July 2015 deadline. The Volcker Rule, one of the more controversial components of the Dodd-Frank reforms of Wall Street, restricts banks from investing in private equity as part of a ban on making market bets with their own capital.
Key Words: Volcker Rule, Wall Street
Trust Issues: Regulation, Sustainability
Business Leaders Must Prioritise Sustainability to Gain Society's Trust
It’s disturbing how little trust society has in business leaders. According to the 2014 Edelman Trust Barometer, just one in five of us trust business leaders to solve social or societal issues, tell us the truth, or make ethical and moral decisions. We have even less trust in our elected political leaders.
Key Words: Cambridge Institute for Sustainability Leadership
Trust Issues: Sustainability, Communication, Integrity