Showing posts with label corporate ethics. Show all posts
Showing posts with label corporate ethics. Show all posts

Saturday, October 31, 2020

Awash In Big Bucks For Small Services

 


Halloween Update -- October 31, 2020  

Please take a look at this National Legal and Policy Center news article cited in the associated link.  Donations of $70 million+ from the Chinese Communist Party entities to the University of Pennsylvania (UPENN) and to UPENN's recent invention named the "Biden Center for Diplomacy and Global Engagement." Communist Chinese dollars to fund the Biden Center... allegedly part of the "Anonymous" Money Laundering 101 scheme to pay-off Joe Biden? So ask yourself honestly – where did the nearly One Million Dollars to pay Joe Biden's UPENN salary come from? That old Brooklyn Bridge remains for sale for those who think that Biden's UPENN salary funding is not tied to the Chinese ruling party.  


The content link to this National Legal and Policy Center disclosure is now removed; whereas, the original discussion was found at https://nlpc.org/2020/05/21/complaint-filed-against-university-of-pennsylvania-and-biden-center-for-undisclosed-china-mega-donations/

This Post Originally Published On August 31, 2020
Back in 2016, several thousand dollars were sent from accounts at Fidelity Investments to other financial organizations after discovering Fidelity paid Mrs. Clinton over a quarter million $$ for a  2015/2016 Florida public appearance and 90-minute speech to the Fidelity unwashed upper managers.  My question, just what sage financial advice is it that Clinton could or might convey to top professional Fidelity Money Managers?  A complaining message on this was sent to Fidelity's CEO, and a form reply was received back from some middle-level PR functionary that stated this business practice was none of my business.  Well, Fidelity in large part lost one customer... but sadly seems Fidelity continues well without me and other disgusted investors... we the customers.  Welcome to a new college course in under-the-table corrupt business practices... call it Money-Laundering 101.  It is past time to see precisely how doner contributions are divided up among various public and private university accounts and just what percentage of the aggregate donations are paid out in these not-so-obvious (aka "under-the-table") political contributions.     

And finding stuff conveyed in the link below on Joe Biden's grossly over-paid association with the University of Pennsylvania (UPENN) is equally disgusting.  Very surprised to read that "Slow Joe B" (and his buddy Jeb Bush, et al) are similarily big-buck associated with this and other universities like Drew U, Vanderbilt U, etc., etc... don't be surprised if the vast majority of institutions of higher learning do similar unchecked little disclosure on these big-buck political payouts.  So where do these schools of higher learning get those big-$$ spent to buy the "prestige" of politicians like Slow Joe B?  It may surprise some to find that among the distinguished graduate donors to UPENN, for example, is Warren Buffet (a super-rich guy and no friend to Republican/Conservative thought)?  And just how is it that any clear-thinking person can see these large donor contributions to universities as anything short of money-laundering to avoid the legal limits on personal political contributions. 

OBTW, a big-belly laugh: Biden’s official title at UPENN is the Benjamin Franklin Presidential Practice Professor — he the first person to hold that invented job.  🙈

CLICK  Slow Joe Payoffs to view the article.


Saturday, March 4, 2017

**** Liberty Mutual Accident Forgiveness Ethics **** --- Sayonara, Adiós Liberty --- Bon jorno GEICO! ---




We happily switched insurance companies to Liberty Mutual in summer 2014... not due to unsatisfactory services with former insurance carrier State Farm... the change simply due to a small cost savings.  Recently we discovered our Liberty Mutual "Accident Forgiveness" is revoked -- the highly advertised auto insurance policy provision where no price increase will be extracted by Liberty Mutual for your first accident.

Well, here is the real story.  In early summer 2013 and while happily served by State Farm auto insurance, a severe storm deposited significant hail on our home and our two vehicles parked in our driveway.  My 2009 Dodge Charger experienced minor hail damage -- just a couple small dents -- not enough to ask for insurance help.  However, Terri's new 2013 Jeep Grand Cherokee, then being less than five months old, experienced very significant hail damage. Small dents covered most of her Jeep's topside surfaces that required professional services and an insurance comprehensive claim.  We are highly concerned and outright angered that Liberty Mutual Insurance Company considers "Acts-of-God" (a/k/a: hail storm damages) comprehensive claim that exceeds $600 against our previous insurance company as an accident with cause for revoking our current Liberty Mutual accident forgiveness.

Insurance claims directly connected to Acts-of-God are never mentioned in any of the many Liberty Mutual Insurance Company on-air advertisements or in any plain language citation in company literature. These facts have been twice verified with Liberty Mutual customer service representatives on or about 18 Jan 2017, and verified again a few days ago.  I asked to speak to a manager empowered with decision making authority... and I was assured that a manger would contact me by phone within two days. The promised management phone contact was never received. Accordingly, I intend to file a complaint with appropriate insurance industry public and private sector authority citing these facts and to allege unethical conduct by Liberty Mutual Insurance Company regarding this matter.

So here's the Liberty Mutual deal.  A couple of this insurance firm's TV ads aggressively tout "Accident Forgiveness" as an auto policy marketing inducement.  The firm never discloses a provision whereby this forgiveness will be suspended for 5 years if a policy holder makes an Act-of-God claim against paid comprehensive auto insurance coverage.  So what type of injury requiring less than $600 can Liberty cite?  Clearly, an official corporate policy that suspends paid "Accident Forgiveness" for five years due to relatively small claims caused by clear Acts-of-God is GROSSLY UNETHICAL.  Damages caused by Acts-of God are NOT auto accidents as understood by reasonable people or by any classic ethical business definition.    

Direct quote from Liberty Mutual Insurance web site:

"What is Accident Forgiveness?  Accident Forgiveness is a policy benefit where Liberty Mutual won’t raise your rate due to your first car accident if you’ve been accident-free and violation-free for 5 years."

Click HERE to check out what unethical insurance advertisement looks like.

Note: the image displayed at the top of this post is from a personal collection shot during a NY City visit years past.