Twitter posts a profit

Posted by & filed under e-Commerce, Ethics.

Description: After years of losses, Twitter has finally posted a quarterly profit. New tools that have helped to keep users online longer could be behind the recent success. This is definitely better news for Twitter than all the 2017 talk of how Russian bots may have infiltrated the social media platform and influenced the 2016… Read more »

Really? I Can Cheat at Monopoly?

Posted by & filed under Ethics.

Description: There’s a new version of Monopoly now: Cheater’s Monopoly. That’s right, a version that let’s you cheat. The new set features 15 cheat cards that allow you to  take advantage of the other players and to even steal from the bank. Now we know that some of our older siblings did that to us when… Read more »

Which way do you slice this one?

Posted by & filed under Ethics, Financial Accounting.

Description: Canada’s Competition Bureau has launched an investigation into alleged price-fixing in Canada’s bread industry. Experts appeared surprised by the news, given the recent deflationary trends in the bread and rolls category. But the investigation reportedly stretches back as far as 2001, so it will be interesting to see what emerges. Date: November 1, 2017… Read more »

Mr. Morneau’s place in Provence

Posted by & filed under Auditing, Ethics.

Description: Friday CBC revealed that Federal Finance Minister Bill Morneau waited two years before he disclosed his ownership stake in a company that owns a villa in Provence, France to the ethics commissioner.  A spokesperson for Mr. Morneau stated the oversight was simply the result of “early administrative confusion,” though CBC noted that the disclosure… Read more »

Atcon redux

Posted by & filed under Auditing, Ethics.

Description: For the second time, New Brunswick Auditor General Kim MacPherson has audited  a 2009 decision by the then Liberal government to grant over $60 million in loan guarantees to the construction company Atcon. When the floundering firm failed, the province’s citizens were on the hook for the millions in lost funds while the then… Read more »

More facts on Equifax

Posted by & filed under Ethics, Executive Compensation.

Description: And if the Equifax breach wasn’t bad enough, this past week we found out what a terrible job Equifax did in handling the crisis. First, we learned the company waited six weeks to tell us about the breach, leaving consumers uninformed their data was in peril. Second, we now know at least three Equifax… Read more »

Bad times in bumping

Posted by & filed under Ethics, Marketing & Strategy, Student life.

Description: You’ve probably seen that viral video of the passenger being dragged off of the United Airlines flight. United has been taking more than a few shots in social media on this one, and perhaps the impact will be felt on its bottom line. And in the past week or so, we have seen discussion… Read more »

More on those fictional renovations in NB

Posted by & filed under Auditing, Ethics, Fraud.

Description: Last week this blog discussed how the assessment service in  Province of New Brunswick invented renovations for over 2,000 residential properties in the province, causing big increases in tax assessments. The Premier has responded to the growing crisis by appointing a retired appeal court justice to examine the system. Anonymous insiders have claimed that… Read more »

Inventing Renovations

Posted by & filed under Canadian governments, Ethics.

Description: And in a second accounting update from the small Province of New Brunswick, a recent investigation by the CBC has revealed that government officials invented renovations for over 2,000 residential properties in the province, creating big increases in tax assessments for the homeowners. An email revealed that government invented the renos when assessment officials… Read more »

Hey, did Wells Fargo move north?

Posted by & filed under Ethics.

Description: TD Bank shares have taken a big drop following CBC reports on bank reps facing pressure to push products at customers. Just a few days before, banks were reporting higher than expected quarterly earnings. This bad publicity though may prompt some investors to take a look at TD bank shares. Date: March 10, 2017;… Read more »