Showing posts with label Vampire Squid. Show all posts

Thursday, March 20, 2014

North Carolinians complain about this credit-card company the most - Dawn Kurry Charlotte Business Journal Morning Edition

Charlotte Business Journal Morning Edition

Jan 15, 2014 Dawn Kurry, Triangle Business Journal

North Carolinians complain about this credit-card company the most

Are you complaining about what’s in your wallet? Capital One Financial Corp. (NYSE:COF) is the most complained-about credit-card company among North Carolinians, according to a report released Tuesday by the N.C. Public Interest Research Group's Education Fund.

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Kevin Dayhoff Soundtrack: http://kevindayhoff.blogspot.com/ = http://www.kevindayhoff.net/ Kevin Dayhoff Art: http://kevindayhoffart.blogspot.com/ or http://kevindayhoffart.com/ = http://www.kevindayhoff.com/ Kevin Dayhoff Westminster: http://kevindayhoffwestgov-net.blogspot.com/ or http://www.westgov.net/ = www.kevindayhoff.org Twitter: https://twitter.com/kevindayhoff Twitpic: http://twitpic.com/photos/kevindayhoff Kevin Dayhoff's The New Bedford Herald: http://kbetrue.livejournal.com/ = www.newbedfordherald.net Explore Carroll: www.explorecarroll.com The Tentacle: www.thetentacle.com

Thursday, July 19, 2012

40 Years In The Desert: CFPB Draws First Blood (From a Vampire Squid)

CFPB Draws First Blood

Posted: 18 Jul 2012 09:05 PM PDT http://40yrs.blogspot.com/2012/07/cfpb-draws-first-blood.html

They just fined Capital One $210 million for misleading consumers on credit protection and protection monitoring programs:

Capital One Financial agreed to pay $210 million to resolve charges by banking regulators that its call-center representatives misled consumers into paying for extra credit card products.

http://www.reuters.com/article/2012/07/18/us-capitalone-cfpb-idUSBRE86H0SJ20120718

40 Years In The Desert: CFPB Draws First Blood (From a Vampire Squid)
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Monday, April 30, 2012

Barclays' Board Is Heckled Over Pay - NYTimes.com

Barclays' Board Is Heckled Over Pay - NYTimes.com: "APRIL 27, 2012, INVESTMENT BANKING

Barclays’ Board Is Heckled Over Pay BY JULIA WERDIGIER"

LONDON — Facing angry shareholders packed in a London concert hall, the management of Barclays pledged on Friday to reduce executive pay and apologized for not communicating enough with its shareholders.

Gathering at the Royal Festival Hall in London, which is usually reserved for music performances, Robert E. Diamond Jr., the chief executive; Marcus Agius, the chairman; and the other members of Barclays’ board answered questions from disgruntled shareholders about why the bank paid million-dollar bonuses to its senior executives while earnings and the share price fell... http://dealbook.nytimes.com/2012/04/27/barclays-board-is-heckled-over-pay/?nl=business&emc=dlbkpma2_20120427

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Friday, March 23, 2012

Catherine Rampell – New York Times: Making Sure Your Exit Music Is Loud and Clear – Greg Smith’s exit from Goldman Sachs

http://www.nytimes.com/2012/03/18/business/greg-smith-goldman-sachs-and-the-history-of-loud-exits.html?_r=1&src=recg

Over the years, Hollywood has offered many examples of employees who’ve made dramatic exits from jobs or situations. Clockwise from top left are Jennifer Aniston as a waitress in the 1999 film “Office Space”; Tom Cruise in “Jerry Maguire” (1996)”; Edward Norton in “Fight Club” (1999); and Anne Hathaway, shown with Meryl Streep, who was playing her imperious boss, in “The Devil Wears Prada” (2006).

By CATHERINE RAMPELL

Published: March 17, 2012

WE’VE all dreamed about it at one time or another — that exquisite moment when we finally muster the courage to tell the boss what we really think.

For Greg Smith, that moment arrived last Wednesday.

As the world now knows, Mr. Smith is the young man who made one of the most spectacular exits Wall Street has ever seen. He resigned from Goldman Sachs — but he didn’t stop there. He also wrote an Op-Ed article in The New York Times, in which he contended that the culture inside Goldman was “toxic.” The bank, he said, routinely took advantage of its clients. (Goldman vigorously disagreed.)

To some, Mr. Smith was a hero — not quite Norma Rae, granted, but close enough for post-bailout Wall Street. After all, he stood up to the mighty Goldman, the Street’s version of The Man.

Public Exit From Goldman Raises Doubt Over a New Ethic (March 15, 2012)

http://kevindayhoff.blogspot.com/2012/03/when-vampire-squids-become-cannibals-by.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

March 21, 2012

When Vampire Squids Become Cannibals

Kevin E. Dayhoff http://www.thetentacle.com/author.cfm?MyAuthor=41

"Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence." … http://www.huffingtonpost.com/wendell-potter/goldman-sachs-greg-smith_b_1362755.html?ref=politics&ir=Politics

Labels: 2007 2008 Subprime Mort Crisis qv Bus, Bus Econ 2007 The Great Recession, Bus Econ 2009 Econ Stimulus, Bus Econ Goldman Sachs, History 2009 Yr in Review, Journalists Taibbi Matt, Vampire Squid, Bus Econ 2012, Bus Econ Ethics and morality,

Labels: Bus Econ 2012, Bus Econ Ethics and morality, Bus Econ Goldman Sachs, Erratum Ethics and morality, Media Huffington Post, Vampire Squid

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

http://kevindayhoff.blogspot.com/2012/03/kristi-hedges-huffington-post-guess.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

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Thursday, March 22, 2012

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

March 21, 2012

When Vampire Squids Become Cannibals

Kevin E. Dayhoff http://www.thetentacle.com/author.cfm?MyAuthor=41

In case you missed it, last Wednesday Greg Smith, a Goldman Sachs executive, resigned. Actually it was really no big deal, except while he was on his way out the door, he burned his bridges and then strafed the wounded.

Mr. Smith publicly nuked Goldman Sachs in a scathing op-ed article in The New York Times that left many holding their hands up high and shouting “Alleluia.”

Last Wednesday began the same as many of the most recent monotonous mid-week editions of the end of winter blues as our nation’s wounded business and financial community continues to snort and bellow while it tries to extricate itself from an economic tar pit and in the process, try not to pee all over itself anymore than it already has.

The European sovereign debt crisis continues to languish in the markets like a bad hangover and economic public policy, especially unchecked profligate U.S. sovereign spending and debt, continue as troublesome issues. And where there is a financial cesspool, one can count on Goldman Sachs merrily swimming with the rest of the bottom-feeders and leaches.

So, as one may imagine, a headline like “Why I Am Leaving Goldman Sachs,” caught my eye.

Goldman Sachs, the venerable ginormous, intergalactic investment banking, financial services and securities firm has arguably found itself in the caustic crosshairs of public scrutiny more in the past several years than at any other time in its storied history that goes back to 1869… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4986

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Labels: Bus Econ 2012, Bus Econ Ethics and morality, Bus Econ Goldman Sachs, Erratum Ethics and morality, Media Huffington Post, Vampire Squid

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

http://kevindayhoff.blogspot.com/2012/03/kristi-hedges-huffington-post-guess.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

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Wendell Potter: Goldman Sach's Greg Smith Could Just Have Easily Been Telling the Truth About Health Insurers

Goldman Sach's Greg Smith Could Just Have Easily Been Telling the Truth About Health Insurers

http://www.huffingtonpost.com/wendell-potter/goldman-sachs-greg-smith_b_1362755.html?ref=politics&ir=Politics

Wendell Potter 03/19/2012

Goldman Sachs , Health Insurance , Health Care Reform , Affordable Care Act ,Greg Smith , Greg Smith Goldman Sachs , High-Deductible-Health-Insurance , Politics News

As I was reading former Wall Street executive Greg Smith's bombshell of an Op-Ed in the New York Times last week, I mentally inserted the names of the big for-profit health insurers -- two of which I worked for -- in place of Goldman Sachs, where Smith worked until resigning on the day his column was published.

Smith wrote that he decided to leave Goldman-Sachs because it had veered so far from the company he had joined straight out of college that he could no longer say in good conscience "that I identify with what it stands for."

He put the blame squarely on Goldman's current CEO and president. It was during their watch, he wrote, that "the firm changed the very way it thought about leadership."

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

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Kevin Dayhoff - Soundtrack: July 9, 2009 Matt Taibbi - Rolling Stone: The Great American Bubble Machine

Kevin Dayhoff - Soundtrack: July 9, 2009 Matt Taibbi - Rolling Stone: The Grea...: The Great American Bubble Machine http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405 From tech ...

July 9, 2009 Matt Taibbi - Rolling Stone: The Great American Bubble Machine

http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405?print=true

“… Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid…”

April 5, 2010 This article appeared in the July 9, 2009 issue of Rolling Stone. The issue is available in the online archive.

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

20090709 Taibbi The Great American Bubble Machine

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

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Tuesday, March 20, 2012

Kristi Hedges – Huffington Post: Guess Who's The Next Greg Smith?

3/19/2012

http://www.forbes.com/sites/work-in-progress/2012/03/19/guess-whos-the-next-greg-smith/

When I read Greg Smith’s blistering op-ed about Goldman Sachs in the New York Times last week, I was floored. My first thought was “How brave!” quickly followed by, “Is he crazy?” Publicly quitting your job with a resignation letter to the world stating that your former company is “ripping people off” with “morally bankrupt” leadership is not a good career move… http://www.forbes.com/sites/work-in-progress/2012/03/19/guess-whos-the-next-greg-smith/

[…]

Though Goldman attempted to undermine his credibility by calling him a “disgruntled, mid-level employee,” numerous accounts corroborate what Smith himself said: he was a star performer on a fast-track who felt compelled to call out an ethical breakdown in one of our vaulted institutions. One of Smith’s colleagues described him as having a “clear moral compass.”

I can’t speak to the accuracy of Smith’s account at Goldman, or why it took him 12 years to figure all this out. And frankly, that’s not why I’m writing about it.

At some point in our careers, many of us will find ourselves in a place where what we’re asked to do at work directly contradicts our own deeply held values. I’m not talking about the small indignities that come from having a boss on a power trip or a job you hate. But rather the piercing jabs at your conscience that make you wonder who you really are.

If you don’t know what I’m talking about, count yourself lucky… http://www.forbes.com/sites/work-in-progress/2012/03/19/guess-whos-the-next-greg-smith/

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Sunday, March 18, 2012

GOLDMAN SACHS' RESPONSE TO MARCH 14, 2012 NEW YORK TIMES OP-ED

The following is the message Lloyd C. Blankfein and Gary D. Cohn sent March 14, 2012 to the people of Goldman Sachs.

http://www.goldmansachs.com/

http://www.goldmansachs.com/media-relations/comments-and-responses/current/nyt-op-ed-response.html

By now, many of you have read the submission in today’s New York Times by a former employee of the firm. Needless to say, we were disappointed to read the assertions made by this individual that do not reflect our values, our culture and how the vast majority of people at Goldman Sachs think about the firm and the work it does on behalf of our clients.

In a company of our size, it is not shocking that some people could feel disgruntled. But that does not and should not represent our firm of more than 30,000 people. Everyone is entitled to his or her opinion. But, it is unfortunate that an individual opinion about Goldman Sachs is amplified in a newspaper and speaks louder than the regular, detailed and intensive feedback you have provided the firm and independent, public surveys of workplace environments.

While we expect you find the words you read today foreign from your own day-to-day experiences, we wanted to remind you what we, as a firm – individually and collectively – think about Goldman Sachs and our client-driven culture.

First, 85 percent of the firm responded to our recent People Survey, which provides the most detailed and comprehensive review to determine how our people feel about Goldman Sachs and the work they do… http://www.goldmansachs.com/media-relations/comments-and-responses/current/nyt-op-ed-response.html

UPDATE: ++++++++++

http://kevindayhoff.blogspot.com/2012/03/when-vampire-squids-become-cannibals-by.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

March 21, 2012

When Vampire Squids Become Cannibals

Kevin E. Dayhoff http://www.thetentacle.com/author.cfm?MyAuthor=41

So, as one may imagine, a headline like “Why I Am Leaving Goldman Sachs,” caught my eye.

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Labels: Bus Econ 2012, Bus Econ Ethics and morality, Bus Econ Goldman Sachs, Erratum Ethics and morality, Media Huffington Post, Vampire Squid

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

http://kevindayhoff.blogspot.com/2012/03/kristi-hedges-huffington-post-guess.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

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Labels: 2007 2008 Subprime Mort Crisis qv Bus, Bus Econ 2007 The Great Recession, Bus Econ Goldman Sachs, Journalists Taibbi Matt, Vampire Squid, Bus Econ 2012, Bus Econ Ethics and morality,

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Friday, March 16, 2012

New York Times Greg Smith: Why I Am Leaving Goldman Sachs

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&pagewanted=all&src=ISMR_AP_LO_MST_FB

OP-ED CONTRIBUTOR

Why I Am Leaving Goldman Sachs

By GREG SMITH

March 14, 2012

TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

Enlarge This Image

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&pagewanted=all&src=ISMR_AP_LO_MST_FB

To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for… http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&pagewanted=all&src=ISMR_AP_LO_MST_FB

Times Topic: Goldman Sachs Group Inc.

A Public Exit From Goldman Sachs Hits at a Wounded Wall Street (March 15, 2012)

Goldman Sachs Responds

When Vampire Squids Become Cannibals

Kevin E. Dayhoff http://www.thetentacle.com/author.cfm?MyAuthor=41

http://kevindayhoff.blogspot.com/2012/03/when-vampire-squids-become-cannibals-by.html

"Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence." …http://www.huffingtonpost.com/wendell-potter/goldman-sachs-greg-smith_b_1362755.html?ref=politics&ir=Politics

Labels: Bus Econ 2012, Bus Econ Ethics and morality, Bus Econ Goldman Sachs, Erratum Ethics and morality, Media Huffington Post, Vampire Squid

http://kevindayhoff.blogspot.com/2012/03/july-9-2009-matt-taibbi-rolling-stone.html

http://kevindayhoff.blogspot.com/2012/03/kristi-hedges-huffington-post-guess.html

When Vampire Squids Become Cannibals – by Kevin Dayhoff – The Tentacle March 21, 2012

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Wednesday, February 29, 2012

BofA's Newest Insane Fee and news from Huffington Post Business Brief

Tuesday, February 28, 2012

BofA's Newest Insane Fee

This year South Carolina income tax refunds will arrive on prepaid debit cards unless taxpayers specifically opt for a check or direct deposit.

	Dow Hits Huge Marker
	General Electric Tax Rate 2.3 Percent Over Decade, Report Finds
	The New One Percent May Cost Health Insurers Big Time
	'Tip Theft' Bill Would Crack Down On Alleged Employer Skimming
	The Wall Street Guide To Making A Boatload Of Money

BLOG POSTS

	Marcelo Giugale: The Lingering Global Crisis and the New Poor The lingering global crisis is forcing us to rethink the objectives and the tools of social policy. Past meltdowns in Asia, Eastern Europe and Latin-America provide us with some good hints on what to expect and how to respond.
	Arvind Ganesan: Corporate Crime and Punishment Should corporations have immunity for human rights abuses? Today, the Supreme Court hears arguments in a case that will decide whether corporations will be exempted from a crucial law that allows foreign victims of serious human rights abuses to sue them in US courts for civil damages.
	Sen. Ron Wyden: Trade Rules Matter If China is violating trade rules to help its industries undercut the price of solar panels and other environmental goods, it changes the competition from a race to produce better products more efficiently to a competition to cheat better.
	John Fullerton: Beyond Firm-Level Sustainable Capitalism We need the sustainable business community to join the ongoing systems level conversation about how to make the whole global economy truly sustainable, not merely less unsustainable.
	Women 2.0: The New Girls Network: Building A Bigger Pie for High-Growth Women-Led Companies There are incredible things happening in the startup world for women entrepreneurs.

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Wednesday, January 25, 2012

A 1st. Told ya Microsoft is behind the cable software Its got the cust service

A 1st. I had never received the "blue screen of death" before on my cable TV screen... Told ya Microsoft is behind the cable software. Cable TV - Comcast has got the horrid customer service down pat. Now comes the blue screen death. Next will come the invasive upgrades from heck. I'm just saying.

last year it was the Comcast digital cable box hardware upgrade - from hell. It took an enormous amount of time, several false starts and lots of time on the phone with "customer service." Now comes the software upgrade...

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Friday, December 30, 2011

Verizon Preps New $2 Convenience Fee

Verizon Preps New $2 Convenience Fee:

Verizon Faces Backlash Over Fees, Outages

http://slatest.slate.com/posts/2011/12/29/verizon_preps_new_2_convenience_fee.html?from=rss/&wpisrc=newsletter_slatest

Company blames network glitches on "growing pains," says more are possible.

By Josh Voorhees and Will Oremus | Posted Friday, Dec. 30, 2011

"UPDATE: The last week of the year has not been a good one for Verizon.

Not only is it dealing with an Internet backlash over its new convenience fees, but it vaunted 4G data network suffered its third outage of the month. In an interview with the tech blog GigaOm, a top company official blamed the spotty service on "growing pains."" http://slatest.slate.com/posts/2011/12/29/verizon_preps_new_2_convenience_fee.html?from=rss/&wpisrc=newsletter_slatest

'via Blog this'

More Update:

Verizon Drops Plan for $2 Fee on Some Bill Payments

By BRIAN X. CHEN and RON LIEBER

| December 30, 2011

In a remarkably swift reversal, Verizon Wireless has canceled plans to impose a $2 “convenience fee” on some bill payments, just a day after announcing thenew policy.

The company said in a statement that it was dropping the plan in light of customer feedback.

“Verizon Wireless has decided it will not institute the fee for online or telephone single payments that was announced earlier this week,” it said. “The company made the decision in response to customer feedback about the plan, which was designed to improve the efficiency of those transactions. The company continues to encourage customers to take advantage of the numerous simple and convenient payment methods it provides.”

Objections to the fee came fast and furious... http://bits.blogs.nytimes.com/2011/12/30/verizon-backtracks-on-plan-for-2-convenience-fee/

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