Morgan Stanley fires wealth adviser after reports of physical abuse, assault and arrests dating back over a decade.
“The New York Times had reported that four women obtained restraining orders against him over a period of 15 years and he had been arrested in connection with some of the cases. The bank was aware of the allegations against Greenberg for years and kept him on staff, the newspaper said. The Times reported the firing earlier Tuesday…”
The Guggenheim Museum in New York presents public program “Culture and its Discontents,” partly in response to pulling two exhibits after an aggressive social media campaign targeted the museum’s employees.
“In response to vociferous cultural debates that have engulfed the Guggenheim Museum and other U.S. museums with in-person and online protests during the past year, the Guggenheim presents two days of public programming to examine the causes and effects of this growing phenomenon. Taking place on April 6 and 7, a series of discussions titled “Culture and Its Discontents” will bring together prominent scholars and thought leaders to discuss the widening ideological divides in the United States, the impact of the digital sphere on public protest, and the role of museums as open spaces for experimentation and the exchange of ideas. …”
You Tube violating children’s privacy laws sparks 20 advocacy groups to action.
“More than 20 consumer advocacy groups have joined forces against YouTube. The Google-owned platform is, according to those groups, violating children’s privacy law by collecting data from users younger than 13. The coalition filed a complaint to the Federal Trade Commission on Monday…”
Pay Inequity: CEO-to-median compensation ratios are being revealed for the first time, as publicly traded firms conform to Dodd-Frank financial regulations.
“…Does anyone really think comparing the paychecks of part-time teenagers in their first jobs to compensation of CEOs yields any useful insight about the management effectiveness or investment quality of retail companies? Or that it will generate effective policy ideas on how to put more Americans on a path to success?” Shay likely meant for these questions to be rhetorical. But there’s an answer here — and it’s not good for the CEOs he’s trying to protect. Learning more about these companies, now easier than ever with the Bloomberg tracker, means we can more fully understand the inequality beast and generate those “effective policy ideas” Shay seems to find so elusive…”