Daily Archives: April 2, 2013

In a new study that even the hedge fund trade association calls “troubling,” hedge fund executives say corruption, misconduct and pressure to break the rules are rampant and routine in their business.

The top ten findings include:

1. 46% of respondents reported that their competitors likely have engaged in unethical or illegal activity in order to be successful.
2. 35% of respondents reported feeling pressured by their compensation or bonus plan to violate the law or engage in unethical conduct, while 25% of respondents reported other pressures that might lead to unethical or illegal conduct.
3. 30% of respondents reported that they had personally observed or had first-hand knowledge of wrongdoing in the workplace. READ MORE →

This time, I have a question for you. But I’ll start with a story.

Last Sunday evening my wife and I went into a reasonably upscale restaurant and we had terrible service from everyone we interacted with.

When we were seated, the table wobbled and we asked if they could do something or move us to another table. Ten minutes later someone showed up with a wad of napkins that made it worse. Five minutes later they asked if we were okay, and put us at another table. ten minutes after that they took our order, but we asked for some drinks right away, which we only got after we complained to the manager. READ MORE →