Showing posts with label investors. Show all posts
Showing posts with label investors. Show all posts

Saturday, April 11, 2026

Saturday, January 10, 2026

Trump may be the beginning of the end for ‘enshittification’ – this is our chance to make tech good again; The Guardian, January 10, 2026

 , The Guardian ; Trump may be the beginning of the end for ‘enshittification’ – this is our chance to make tech good again

"Until we repeal the anti-circumvention law, we can’t reverse-engineer the US’s cloud software, whether it’s a database, a word processor or a tractor, in order to swap out proprietary, American code for robust, open, auditable alternatives that will safeguard our digital sovereignty. The same goes for any technology tethered to servers operated by any government that might have interests adverse to ours – say, the solar inverters and batteries we buy from China.

This is the state of play at the dawn of 2026. The digital rights movement has two powerful potential coalition partners in the fight to reclaim the right of people to change how their devices work, to claw back privacy and a fair deal from tech: investors and national security hawks.

Admittedly, the door is only open a crack, but it’s been locked tight since the turn of the century. When it comes to a better technology future, “open a crack” is the most exciting proposition I’ve heard in decades."

Sunday, November 30, 2025

Trump Frees Fraudster Just Days Into Seven-Year Prison Sentence David Gentile had been found guilty for his role in what prosecutors described as a $1.6 billion scheme that defrauded thousands of investors.; The New York Times, November 29, 2025

 , The New York Times ; Trump Frees Fraudster Just Days Into Seven-Year Prison Sentence 

David Gentile had been found guilty for his role in what prosecutors described as a $1.6 billion scheme that defrauded thousands of investors.

"President Trump has set free a private equity executive who had served less than two weeks of a seven-year sentence for his role in what prosecutors described as a $1.6 billion scheme that defrauded thousands of victims.

David Gentile, 59, a onetime resident of Nassau County, N.Y., had reported to prison on Nov. 14, and was released on Wednesday, according to Bureau of Prisons records and a White House official who was not authorized to discuss the matter.

Mr. Gentile and a co-defendant, Jeffry Schneider, were convicted in August 2024 of securities and wire fraud charges, and sentenced in May. Unlike a pardon, the commutation granted to Mr. Gentile will not erase his conviction. 

Mr. Schneider, who was sentenced to six years, does not appear to have received clemency from Mr. Trump...

Mr. Trump has used the unfettered presidential clemency power to forgive an array of white-collar crimes and to make political points, including by casting prosecutions of his supporters as corrupt witch hunts like those that he claims had targeted him.

It was not immediately clear whether Mr. Gentile had connections to Mr. Trump or to the president’s supporters."

Thursday, January 31, 2019

The Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility; Harvard Business Review (HBR), January 31, 2019

Mark R. Kramer, Harvard Business Review; The Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility

"Larry Fink, CEO of BlackRock, the world’s largest investor with $6 trillion under management, evoked heated controversy with his remarks last week that his company would change its hiring and potentially its compensation structure to advance diversity and ensure that five years from now the company is not just “a bunch of white men.” This follows on the heels of his annual letter to CEOs asserting that companies need to embrace a purpose beyond just profit maximization.

Critics, according to Fox Business, were swift to accuse Fink’s commitment to diversity as a form of “corporate socialism,” complaining about “the propriety of a public company executive using business resources and his perch as CEO to advance a personal agenda.” The Fox article went on to quote Charles Elson, a corporate governance expert at the University of Delaware, saying: “This is fundamentally not the role of a public company, and it’s unfair to investors who may not agree with his politics. A CEO shouldn’t use house money to further a goal that may not create economic returns.”

I couldn’t disagree more. Business leaders must finally, once and for all, let go of the outdated and erroneous notion that social factors — and not just diversity — are irrelevant to the economic success of our companies."

Wednesday, April 4, 2018

Facebook Privacy Scandal Unleashes Nationwide ‘Litigation Swarm'; Bloomberg, April 4, 2018

Christie Smythe, Bloomberg; Facebook Privacy Scandal Unleashes Nationwide ‘Litigation Swarm'

"Litigation Swarm
"Facebook’s having to fight on multiple fronts, with potentially conflicting strategies and obligations, is what will make this ‘litigation swarm’ problematic," said Marc Melzer, a New York-based attorney. The company will likely "want to move slowly and withhold as much as they can without antagonizing regulators or the courts that are presiding over the suits."
Users and investors have filed at least 18 lawsuits since last month’s revelations about Cambridge Analytica. Beyond privacy violations, they are accusing Facebook of user agreement breaches, negligence, consumer fraud, unfair competition, securities fraud and racketeering.
Zuckerberg, Chief Operating Officer Sheryl Sandberg, and board members including Marc Andreessen and Peter Thiel face additional claims from shareholders for allegedly failing to uphold their fiduciary duties and wasting corporate assets."

Thursday, February 22, 2018

Tech's biggest companies are spreading conspiracy theories. Again.; CNN, February 21, 2018

Seth Fiegerman, CNN; Tech's biggest companies are spreading conspiracy theories. Again.

"To use Silicon Valley's preferred parlance, it's now hard to escape the conclusion that the spreading of misinformation and hoaxes is a feature, not a bug, of social media platforms -- and their business models.

Facebook and Google built incredibly profitable businesses by serving content they don't pay for or vet to billions of users, with ads placed against that content. The platforms developed better and better targeting to buoy their ad businesses, but not necessarily better content moderation to buoy user discourse."

Wednesday, August 24, 2016

Corporate Ethics In The Era Of Millennials; NPR, 8/24/16

Paul A. Argenti, NPR; Corporate Ethics In The Era Of Millennials:
"Corporate social responsibility has been added to the growing list of demands that investors, customers and employees present to companies.
In 2015, 81 percent of Fortune 500 companies published sustainability reports, up from 20 percent in 2011, according to a report released by the Governance & Accountability Institute in June. Companies are publicizing their ethical standards and responsibility efforts, and consumers are punishing companies that appear to fall short. Even as headlines proclaim "greed is back," companies are investing time and resources into instituting more ethical practices."