Nope. Diplomatic immunity results in “being asked to leave”. If they refuse they then become “persona non-grata” and only then they can be expelled. I think.
this is true. but regulators still hold CROs accountable for that .
Tough situation for banks and people working inside them. For those clamoring that it is 2008 all over again, it is, because the way markets and companies work has not changed (and a bank is just another type of company).
Suppose you are a chief risk officer of one of those banks before Covid hit. You have been hired by the CEO so you need to play with the CEO to advance his/her agenda. Other banks are lending more and more to commercial real estate developers as there is demand and they are paying their loans on time. Your own bank’s board of directors and CEO are putting pressure to join the market and lend more to those property developers otherwise you own bank’s profit will look lower than the competition. You know that, by doing so, the concentration of loans in that sector will become quite high but, if you keep resisting, the CEO and/or the board will find someone more amenable who doesn’t seem to panic when every other bank is making money. Then you cave in. You decide to approve more business going to those loans although you caveat that this might exceed risk appetite and gets the board and CEO to formally approve it as well.
Now the bank is proudly going with the flow and investors are not complaining anymore.
Has always been, even without the graphics. The adversarial system makes it a competition with a scoreboard
UK seems to have a comparatively large number of people dying during peace time within its borders due to foreign countries’ actions
Yes. I guess Mitt’s medication has changed or he recently took up on pot
Excellent point. And pardons are only given after the legal system concluded someone is guilty. Mitt is advocating for executive interference over judicial processes.
Amazing how Google doesn’t get product management right
The endowment management side does actually run like an investment bank, private equity, and asset management firm and is staffed by people who worked on those.
And steam reviews prioritize reviews over the last 30 calendar days…
Ya, it’s the good ol’ “voting with your wallet” that can bring companies to their knees
5% of GDP is just absolutely insane
China does force large corporations to have party members as board members. Except that these party members might not know enough of business and finance to materially influence anything. Plus, when things are going well, why spoil the feast by bringing up risks and required controls? Better ride the wave and try to get promoted for business leadership excellence!
I hope it gets done so they can fund social programs. But the rich will flee to Germany