The World?s Most Ethical Companies are the businesses that respond not with a PR campaign, but with real action, such as complete transparency for the public and significant effort given to fixing the core problem.
Do you think Patrick Byrne and his three-ring circus are listening? This is by no means unique to him and Overstock.com (NASDAQ:OSTK). But it sure still applies to them.
Questions about irregularities in the company’s financial statements, disclosures, and earnings calls are never met with straightforward answers. Overstock.com is in no way transparent. Spinning and deflecting are Patrick Byrne’s specialties. Everything has multiple meanings, questions are not answered fully, and criticism is met with lawsuits, threats, and cyberstalking. There is a grand conspiracy against Wacky Patty, and criticism of the company that has never turned a profit is all a part of the Sith Lord’s plan.
No wonder Patrick is consistently in the running for America’s worst CEO, the company never turns a profit, and Overstock.com would never even be considered for inclusion on this list.
deBeer on Copyright Spin My colleague Jeremy deBeer considers whether Bill C-61 is win-win or spin-spin in the National Post.
Big Difference in Post-Debate Spin. I watched a bit of the post-debate spin at FOX News, CBS, and ABC. CBS and ABC couldn't have been more different from FOX. The spin from commentators was pro-Palin at...
Does This Count As Overkill From a story in today’s Global Reinsurance newsletter Executives guilty in Gen Re/AIG case - 26 February, 2008 Former Gen Re and AIG executives face more than 1,000 years in prison … Four former senior executives of General Reinsurance and one from American International Group were found guilty of securities fraud and conspiracy by a federal jury...
Ekman et al. Examine Political Spin Adding to existing controversy over neuropolitics-related methodology: Software Spots the Spin in Political Speeches in New Scientist. (Hat tip: Alex Fridman)
Time Warner Will Announce Cable Spin-Off Details Time Warner will announce details of its plan to spin off its 84% owned subsidiary, Time Warner Cable, by year end. The plan includes payment of a special $10 per share dividend by the cable company prior to the spin-off,...
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Lawsuits and Settlements
Medtronic CD Horizon allegedly recalled as defective device for being prone to failure, shearing and cable breaks.