President Of Ford North America Resigns After Anonymous Tip

Raj Nair, 53, was President of Ford in North America. Described as a “career executive” in Bruno Ragali’s blog post from February 23, 2018, Nair began his career at Ford as an engineer in 1987. Early last year, after 30 years with Ford, Nair was appointed President on January 6, 2017. An investigation was later launched by Ford’s Compliance Department, as the result of an anonymous tip, which lead to Nair’s official resignation. In their statement, Nair had “certain inappropriate behavior not aligned with the Ford Code of Conduct.” These kinds of deliberate public confessions are usually considered by US Courts and the Department of Justice as a means to mitigate a company’s liability.

In the United States, it is very common for “ethical illegalities”, such as cases of harassment or bribes, to end in agreements with public authorities. Ford’s statement, therefore, can be seen as being very unclear on what actually happened, and cannot be considered a proper confession.

It is public knowledge that Ford has signed two-million-dollar agreements with the Equal Employment Opportunity Commission for unethical administrative conduct before.

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The first was in the 1990s for sexual harassment in the amount of $22 million and late last year for racial prejudice in the amount of $10,125,000. Under the latest agreement, the company published an open letter signed by President and CEO Tim Hacket where there remains no explicit admission of the investigated case by Ford’s Compiance Department.

In the case of Nair’s dismissal, it should demonstrate that no one employee is above rules of compliance. No matter their hierarchical position within an organization, everyone should respect established standards and participate in all developed training. It can be said that ignorance can never serve as a defense argument. Furthermore, companies should not limit the scope of their compliance standards to anti-corruption solely. They should also take good care in what Bruno Ragali calls “Social Compiance”, specific regulations, performances and training specific to the mitigation, monitoring and punishing of harassment or prejudice.

Bruno Fagali is an attorney based out of Såo Paulo, Brazil who specializes in Compliance, and in the consulting of Public Law, Advertising Law, Anticorruption Law, Election Law and Parliamentary law. In 2016 Bruno Fagali founded Fagali Law which also publishes regularly in the press and academia. Bruno Fagali is also a partner at nova/sb, a marketing and advertising firm also based in São Paulo.

Check more about Bruno Fagali: http://www.meioemensagem.com.br/home/comunicacao/2016/05/30/acho-saudavel-que-haja-revisao-de-contratos-diz-bob-vieira.html

Jeremy Goldstein Recommends Middle Ground On Incentives

There is always a delicate balancing act to be done when it comes to employee incentives. On the one hand, such programs help to encourage work ethic, by rewarding those who show more of it. By giving an employee a certain amount of stock in the company, that employee becomes more like a business partner. As a result, productivity will often go up. However, some others say that this kind of incentive system is very prone to be manipulated in a way that can be disadvantageous to the company. This creates a complex and multi-faceted debate whenever a decision has to be made on this subject.

 

New York City attorney Jeremy Goldstein weighs in on this matter with a lot of experience behind him. He has worked for some of the world’s largest corporations, including Bank of America, Verizon, and Goldman-Sachs. Mr. Jeremy Goldstein has a J.D. from New York University School of Law, an M.S. from the University of Chicago, and a B.A. cum laude with distinction from Cornell University. Before he went on to form his own law firm, he was a partner at Wachtell, Lipton, Rosen & Katz. He also has the honor of being a subcommittee chair of the American Bar Association. When it comes to matters of corporate law, you could not ask for a better authority, as he has been involved in a large number of high-dollar corporate transactions.

 

Employee incentives most often take the form of Earnings Per Share, or EPS, programs. There are others, but for our purposes here, we will focus mainly on EPS incentives. Those who advocate for the use of these programs point out the obvious increase in employee motivation, and the resultant improvements in productivity. They also point out that EPS is one of the biggest influencers on stock price. Often, it might be the main thing that makes a shareholder buy or sell their stock.

 

Those who oppose these programs say that they can work against a company’s bottom line in various ways. they say that, when these kinds of programs are in place, it is far too easy for CEO’s to manipulate EPS data in order to give shareholders a distorted view of the company’s performance. They also say that favoritism can lead to a situation in which not all employees profit equally from the program. Perhaps their main argument is that they want to focus on long-term investments rather than short-term investments.

 

Jeremy Goldstein recommends a middle-ground approach. Recognizing that EPS investment does provide certain benefits, he recommends keeping such programs in place. However, he also recommends tighter control of these programs in order to make sure that those at the top cannot get away with skewing the numbers or going against the goals of the company as a whole. This, he says, provides a platform for long-term sustainable growth without sacrificing the incentives that are also necessary to maintain productivity. Learn more: http://www.chambersandpartners.com/USA/person/485609/jeremy-goldstein

Tony Petrello, A Benevolent Figure Of Houston

Anthony G. Petrello also was known as Tony Petrello is a globally known business tycoon and the President, CEO, and Chairman of the Board and Executive committee of one of the leading oil and gas company Nabors Industries Limited. He is also renowned for his great philanthropic contributions.

His success is instilled in his upbringing. He is from a brilliant academic background. He was a bright student with great potential mainly in Mathematics which gave him the opportunity to study Mathematics at Yale University with the full scholarship. Then he got a degree from Harvard Law School. After education, he did many jobs and finally settled in Nabors Industries and with his excellence in the job he became the CEO of Nabors Industries.

Beside the huge success of the career of Tony Petrello, there is a tragedy in his life. His daughter Carena is suffering from neurological disorders. Tony Petrello’s wife Cynthia gave birth to a premature baby, for that Carena caught with the disease periventricular leukomalacia or PVL. This turned to cerebral palsy which delays the development of the child. Seeing the suffering of their child, Tony and Cynthia came with philanthropic contributions for children with neurological disorders. For the purpose, they donated $7 million to ‘Texas Children Hospital’. This helped the hospital to set up a special center for the children with neurological problems with a research center named ‘Jan Dan Duncan Neurological Research Institute’. Being a member of Board of Trustees of ‘Texas Children Hospital’, Tony Petrello raises a handsome amount of fund, which is needed for further research and development of the neurological disorder and its treatments.

Recently a Hurricane Harvey left a devastating effect on Houston. Tony Petrello and the employees of Nabors came with great help relief to the sufferers to a great extent. A huge donation on behalf of Nabors is given as a relief fund and large volume of meals were distributed to the local families. As per Nabors, 10 percent employees of Nabors were affected by this hurricane. Nabors donated over $3 million to the affected employees and as educational scholarships to the affected employee’s children. Apart from Nabors, Tony Petrello himself did a lot for the Hurricane affected Houston. Tony and his wife Cynthia made a donation, which was truly needed for the victims to start a new life and also helped the affected to make their new homes.

Recently Tony Petrello and his wife Cynthia throw a party to welcome the legendary multi-talented artist Tommy Tune back to Houston which was a huge success. Remembering the scholarship Tony Petrello got from Yale University, he started a fund of an annual prize in the memory of his teacher Serge Lang. Tony Petrello and his wife made the Petrello Family Foundation to help the people in need around them.

See: https://www.broadwayworld.com/houston/article/Tony-Petrello-Welcomes-Tommy-Tune-Home-To-Houston-20180104

US Money Reserve Wants to Protect Investors From Inflation

Inflation is an insidious destroyer of stored wealth, and it’s unfortunate most people in the United States no longer understand that. Even people who lived through the late 1960s through early 1982 have forgotten how dangerous inflation can be.

 

Inflation is the overall rise in prices in an economy. Some inflation is specific to only one product. A late freeze in Florida can increase the price of orange juice by killing many oranges. Some of the inflation of the 1970s was caused by the Organization of Petroleum Exporting Countries (OPEC) raising the price of oil. Because most products requires transportation, the rise in price of energy contributed toward raising the prices of many products in the world.

 

General inflation is caused by a simple increase in the supply of money. When everybody has more dollars to spend, prices naturally go up. This is often blamed on government spending policies.

 

In the United States, the Bureau of Labor Statistics tracks the prices of many products and services, and analyzes them all to calculate the Consumer Price Index (CPI), which is the government’s official statistic of inflation.

 

The CPI is important because the government uses it to give people raises based on the CPI. Government employees, government retirees, Social Security recipients, veterans and others all receive raises each year in January based on the CPI. Many private companies and unions also use the CPI to determine their annual pensions.

 

Inflation reduces everybody’s spending power, and nobody likes that. Therefore, when inflation goes up, workers put pressure on employers to raise their salaries. Some groups lobby Congress to raise the minimum wage. However, it’s a vicious cycle. When businesses must pay employees higher wages, they transfer their higher expenses to customers by raising prices, which makes inflation go up.

 

Inflation greatly harms retirees living on their savings.

 

Mainstream economists and the Federal Reserve generally want to see an inflation rate of 2%. They believe that allows for optimum economic growth without harming people. In the recent years the inflation rate has actually been below that, but the Fed has been pumping more money into the economy to raise it.

 

US Money Reserve helps people manage their spending power during inflationary times by giving them to opportunity to use gold and silver, two traditional hedges that protect against inflation.

 

As Philip N. Diehl, President of US Money Reserve says, “Gold is wealth insurance.”