Disclosure, I used to work at Accenture, which used to share a name with Arthur Andersen and was spun-off of AA in 2000, shortly before the Enron scandal
Building off of the topic of corporate ethics, I saw this research article titled "How pervasive is corporate fraud?" that I thought was worth sharing #crtuck
https://t.co/Q4mWCiGltg
Following up on last week's class & in anticipation of tomorrow's class w/ Ferrer, Bayer's CEO saying the EU & UK are "innovation unfriendly" because they are making it harder for companies like Bayer to generate returns is timely & relevant
https://t.co/sbk4dUmfyb
#crtuck
2/2 The league & its owners are traditionally conservative. Being a leader on human rights can be seen as an differentiator for Kraft & the Patriots, in terms of attracting new fans & inc revenues, particularly as the NFL expands internationally. I view this as strategic CR
(1/2) Bob Kraft has long been an outspoken advocate for human rights causes (Covid-19, support for same-sex marriage). In the past several months, he has funded ads bringing awareness to the rise of anti-Semitism in the US and around the globe
https://t.co/W9kEHsiiB4
#crtuck
KPMG's statement ending their sponsorship deal with Phil was vague. I can't find the original tweet that called this out, but did KPMG end the deal b/c Phil trivialized the human rights abuses by the Saudis? Or b/c his comments threaten KPMG's business in Saudi Arabia? #TuckCC
(3/3) now, @TomBrady hasn’t made a public statement and people are left wondering what will happen next. I feel like there are parallels to when an organization in crisis doesn’t speak up and attempt to control the narrative
(1/2) I realize that Tom Brady isn’t an organization but I think this is an example of someone/a brand not being able to control the narrative of an event about themself #TuckCC
JUST IN: Tom Brady Sr. tells @kron4news that his son is not retiring. Brady Sr. says an online publication started circulating an unsubstantiated rumor. However a number of NFL insiders are now reporting it. @kron4news#TomBrady#NFL
(2/3) the story of his planned retirement leaked from his inner circle to @AdamSchefter and since the news “broke”, there have been several conflicting stories (even from his dad and agent!) about the truth of it
"...but hiring random 20-somethings with fake IDs to post your statements under pseudonyms is…well, I don't want to say it’s also an option, because the SEC clearly disagrees, but I suppose it’s a thing that happens anyway." #tuckcc
(3/3)
@matt_levine 's piece on Medallion's President hiring people to blog anonymously on the company's behalf might be one of the funniest/worst/most illegal methods of corporate communications that I have ever seen #tuckcc
https://t.co/g9NqoypFqz
From the article: "The traditional way to 'provide the market with an accurate understanding' of your company is to make statements in your own name...
(2/3)
(2/2) The following quote from David Jeffress, PM at Laffer Tengler Investments, reflects this sentiment quite well: "Once you’ve cut your dividend, and that level of uncertainty is incorporated, it’s really hard to kind of regain the confidence of a dividend investor." #tuckcc
(1/2) While not the same severity as the Tylenol crisis that we discussed yesterday in class, AT&T's moves over the past couple of years, including slashing their dividend, have erased the brand equity they built up with a large set of investors #tuckcc
https://t.co/DMFzQ5rgTU