Tag Archives: culture
Earnings Forecasts: Voodoo Science, Pt 2 of 2
Click here for Part 1 of Earnings Forecasts: Voodoo Science NEW YORK (TheStreet) — Garbage numbers in, produces garbage earnings forecasts. But getting rid of the garbage numbers isn’t easy in developing countries, where they are a natural byproduct of the culture. In some cultures, people will forecast what their managers expect because they fear the consequences of disappointing the boss. Continue reading
UK’s Cameron pledges to lower hurdles to growth
LONDON (Reuters) – British Prime Minister David Cameron promised on Monday to slash legal and regulatory obstacles to economic growth, seeking to ward off criticism that the government is doing too little to help companies and revive an ailing economy. Cameron said he was determined to cut through officialdom and change a risk-averse government culture of consultation, review and audit that hindered enterprise. “When this country was at war in the 1940s, Whitehall underwent a revolution,” he said, referring to the British government. Continue reading
Gov’t: BBC could face public inquiry over Savile
Britain’s culture secretary says the government could order a full public inquiry into the British Broadcasting Corp.’s handling of the Jimmy Savile sex abuse scandal. Continue reading
Lap dances aren’t art, so no tax break, court says
A sharply divided court in New York says lap dances don’t promote culture in a community the way ballet or other artistic endeavors do, and so shouldn’t get a tax break. Continue reading
Who are the muppets now? Goldman exposé falls short of hype
NEW YORK (Reuters) – The tell-all book that Goldman Sachs Group Inc former equity derivatives salesman Greg Smith has delivered may end up being remembered more for the marketing skills he picked up at the Wall Street bank than for any bombshell revelations. Smith created a furore earlier this year when he resigned from the blue chip Wall Street firm, alleging in a New York Times Op-Ed column that the firm had engendered a “toxic” culture of treating clients as “muppets” – slang in Britain for idiots – and relieving them of their money. Continue reading
Regulator probing ‘safety culture’ at TransCanada Pipelines
The National Energy Board is investigating the “safety culture” within TransCanada Pipelines Ltd., following revelations from a former engineer about substandard practices, CBC News has learned. Continue reading
Scrutiny had cleansing effect on construction industry, says Zambito
A former construction boss says the arrival of an anti-corruption police unit three years ago instantly changed the culture of bid-rigging and kickbacks in Quebec and drastically reduced the price of public works in the province. Continue reading
What’s in a name? For some Wall St. brokerages, not much anymore
NEW YORK (Reuters) – A Wall Street icon vanished last week after Morgan Stanley dropped Smith Barney from its brokerage title. Continue reading
What’s in a name? For some Wall Street brokerages, not much anymore
NEW YORK (Reuters) – A Wall Street icon vanished last week after Morgan Stanley dropped Smith Barney from its brokerage title. But some in the industry say the firm's well-known advertising slogan – “They make money the old-fashioned way. They earn it” – and the culture it conveyed had already become a thing of the past Continue reading
Egypt’s Mursi calls for cooperation between cultures
NEW YORK (Reuters) – Egypt's new Islamist president Mohamed Mursi delivered a call on Tuesday for “genuine cooperation” between cultures, but in the wake of violent assaults on U.S. Continue reading
