Asked about the presidential election result, PepsiCo CEO Indra Nooyi claimed:
“I had to answer a lot of questions from my daughters, from our employees. They were all in mourning. Our employees were all crying. The question that they are asking, especially those who are not white ‘Are we safe?’, women are asking ‘Are we safe?’, LGBT people are asking ‘Are we safe?’.”
Nooyi went on to “assure everybody in the U.S. that they are safe.” Of course, the only purpose to such an assurance is to allow such an inane and inflammatory statement to be made in the first place. Nooyi’s comments are inappropriate for the CEO of a major corporation. She should resign.
This is not the first time Nooyi has made controversial statements that betray a particular mindset. In 2005, she gave a commencement speech in which she asserted that our nation’s foreign policy has been characterized … Read More ➡
On September 21, John McCain, former secretary-treasurer of National Association of Letter Carriers Branch 1016, was sentenced in U.S. District Court for the Eastern District of Missouri to two years of probation and ordered to pay a $2,000 fine and a $100 assessment for embezzling $30,948 in funds from the Poplar Bluff union. He already had made full restitution. McCain had pleaded guilty in June after being indicted in January. The actions follow a probe by the U.S. Labor Department’s Office of Labor-Management Standards.… Read More ➡
Isabel Vincent reports today in the New York Post that the Clinton Foundation set up a for-profit entity called the Haiti Development Fund that took in $20 million from “investors” Carlos Slim and Frank Giustra but that it is a mystery what happened to most of the money.
The Fund was supposed to provide capital to Haitian entrepreneurs in the wake of the 2010 earthquake, but the Post could only find evidence of one project that received funding.
The Fund was run by a Jean Marc Villain, who appears to be an American citizen or green card holder of Haitian descent. At the time he supposedly managed the Fund, he was in bankruptcy. He conveniently failed to report his $100,000 salary to the bankruptcy court. From the story:
“This cries out for an audit or an investigation,” said Ken Boehm, chairman of the National
In a 2011 memo published by Wikileaks, Clinton underling Doug Band described how he secured hundreds of thousands of dollars in free travel and gifts for Bill Clinton and his family. While Secretary of State, Hillary Clinton did not disclose any gifts or free travel, as required.
The gifts were first reported by Alana Goodman in the Daily Mail:
‘In support of the President’s for-profit activity, we also have solicited and obtained, as appropriate, in-kind services for the President and his family – for personal travel, hospitality, vacation and the like,’ wrote Band in the Nov. 16, 2011 memo to attorneys conducting an internal review of the Clinton Foundation.
Band is emerging as a tortured soul. Beset by “spoiled brat” Chelsea Clinton, he had to grapple with the ethics conflicts that were so rife in the Clinton camp. In the memo, Band complained that Bill did not have to … Read More ➡
A variety of ethics groups and activists, including NLPC, came together today to ask Hillary Clinton and Donald Trump to commit to a Code of Ethical Conduct for their transition teams should they win the election. The proposed Code is based on the Code adopted by the 2008 Obama transition operation with important revisions. Here is the complete text of our request:
Ethics in government is a dominant issue in your campaigns for president. Members of both parties agree it is of paramount importance that the public believe their leaders make decisions solely to advance the public interest.
A key aspect of ethical governance is hiring the right staff and making sure your expectations for their behavior is clear. In 2008, then-Senator Obama required his transition team to agree to a code of ethical conduct as a condition of service. His approach to ethics in the transition is a good … Read More ➡
Chuck Ross of the Daily Callerreports that Bill & Hillary Clinton took tax deductions for computer maintenance that appear to correspond to payments made to Bryan Pagliano, the technician who set up Hillary’s private email server. The Clinton’s took tax deductions for the depreciation of the equipment, as well. The IRS does not allow deductions for personal expenses. From the article:
“The Clintons are no strangers to questionable tax deductions, going back to their Arkansas days,” Ken Boehm, the president of the National Legal and Policy Center, told TheDC.
“It goes without saying that it is improper to take a tax deduction for a server or anything else which was used or maintained by the government. The Clintons and their hired help have tied themselves in knots refusing to answer questions about the notorious server. That is not the conduct of anyone with nothing to hide.”
Senator Robert Menendez (D-NJ) and his co-defendant, Dr. Salomon Melgen, are expected to face trial in early 2017 on a score of corruption and bribery charges.
Menendez had sought to have the indictments thrown out but on September 13 a Philadelphia-based appeals court refused, upholding an earlier ruling that rejected Menendez’ claim that the “speech or debate” clause of the U.S. Constitution shielded him from prosecution. “Members of Congress are not to be ‘super-citizens’ immune from criminal liability,” Circuit Judge Thomas Ambro wrote for the three-judge panel in July.
Federal prosecutors immediately asked that dates be set for a trial. They pointed out, “It has been 17 months since a grand jury sitting in the District of New Jersey indicted Senator Menendez and Dr. Melgen for numerous counts of corruption.”
Menendez has pledged to stay in office while defending himself, but has given up his post as the … Read More ➡
Wall Street, media and government darling Tesla Motors has seen its stock price nearly halved from seven months ago. For so long it has seemed that ongoing bad news never had an effect on the heavily subsidized upstart, but now perhaps the Teflon is eroding off CEO Elon Musk.
The precipitous, rapid descent preceded last week’s horrid earnings report. USA Today helped smear lipstick on the pig, cheerily noting shares rose “14 percent at one point” after its earnings “miss” on Wednesday, because Musk delivered investors a "rosy outlook for the rest of 2016." This was in context of what the newspaper characterized as a “whopping loss” that “badly missed estimates.”
That's the history of earnings reports with Tesla and Musk. The CEO with perpetually sanguine expectations never fails to deliver promising forecasts following dismal earnings reports, despite promises that are often not delivered.