Archive for January, 2010

Whistle Blower Vindicated

January 28, 2010

A whistle blower at Lockheed Martin has been vindicated and the company has been found guilty of retaliation. Check out the story on eBossWatch.

Fraud at the UN

January 25, 2010

Billions of dollars are being spent in the study of what used to be called Global Warming.  The UN is calling for a climate tax on “rich” nations to pay “poor” nations for the “impact” of Global Warming, now called climate change.

So it should come as no surprise that a committee made up of “poor” nations will find that climate change is real and that money needs to change hands;  a classic example of conflict of interest.

Case in point:  an IPCC report in 2007 has been shown to contain false information on the probability of the Himalayan glaciers melting by the year 2035.  Unfortunately, the claim was not one of science but conjecture by 1 person.  Yet the claim made it into the IPCC report.  But the head of the panel who produced the report, Dr Rajendra Pachauri, has said publicly that there may be some other problems with the report, although he refuses to tell exactly what those issues are.

So what of it? Some would dismiss this as just a side show or a small issue being whipped up by the “denier industry”.  Implying that there is a corporate conspiracy to ignore and deny climate change, while at the same time not realizing that there is a climate change industry that would not be viable without the threat of global warming.

The bottom line however is that the conflict of interest in the UN committee leads to misleading information, and given the large amounts of money at stake, could easily be considered fraud.

Should the CFO report to the CEO or the Board of Directors?

January 18, 2010

This is a discussion I recently started on LinkedIn. The basis of this question is that when the CFO reports to the CEO, their continued employment often hinges on telling the CEO “the right thing” when it comes to ideas the CEO has.  This conflict of interest is especially serious in a public company where the CFO can literally go to jail for producing false financial statements.

The responses to my question were very interesting. They ranged from: “The CFO just needs to do their job. If they lose their job, so be it” to “I agree as I have lost my CFO job in the past for refusing to do something the CEO wanted to do”.

I also asked the question as to whether a CFO should have some type of severance contract clause that would protect them financially if they refuse to do something the CEO wanted to do, and subsequently lose their job.

What do you think?

Uniform Purchase Requirements Illegal

January 18, 2010

In the State of Kansas, it is illegal for companies to require their employees to purchase uniforms. The most serious violators of this law appear to be food establishments.

If you or someone you know works in a food establishment in the State of Kansas and they require them to purchase uniforms as a condition to work, you should have them make a report at .

Fraud in Healthcare

January 16, 2010

It is estimated that $51 billion each year is lost in fraud in the healthcare industry.  Someone knows something, the challenge is getting them to tell you about it.

They have to have a way to report on a confidential basis.

Fraud at the Koss Corp

January 15, 2010

Milwaukee-based Koss Corp. said on Monday that a vice president of finance had been put on administrative leave. The NASDAQ exchange also halted trading of shares of Koss stock after unauthorized transactions were discovered.

Wondering if could have helped identify this earlier?

Confidential Incident Reporting

January 15, 2010

How would you let a company know about something that is on your mind?  Report illegal activity, a complaint, a suggestion or even a compliment….. 

Are you an employee, vendor, customer, investor, or observer with something to say? is the answer.  … is the way to contact any company in the world, and get your comment heard.

Try it.  It’s free.