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Search resuls for: "David Dee Delgado"


11 mentions found


☆ Many Companies Boost Sustainability Budgets Despite Economic Uncertainty
  + stars: | 2023-01-31 | by ( Dieter Holger | ) www.wsj.com   time to read: +3 min
Some companies are boosting their environmental budgets this year despite worries about the health of the global economy. More than 70% of companies say they are increasing sustainability spending over the next 12 months, while only around 2% are planning to reduce it, according to a recent survey of businesses worldwide. Honeywell International Inc., in collaboration with Futurum Research, last quarter surveyed 753 global business leaders involved in their company’s environmental initiatives for its quarterly Honeywell Environmental Sustainability Index published on Tuesday. Optimism among business leaders about meeting 2030 sustainability goals increased around 11% from last quarter. “Every passing year, the economic feasibility of every technology is only going to get better.”Write to Dieter Holger at dieter.holger@wsj.com
☆ People who posted Sam Bankman-Fried's bail should be named, U.S. judge rules
  + stars: | 2023-01-31 | by ( Jonathan Stempel | Industry Insight | Upcoming Sec Climate Disclosure Rules Bring Urgency To Esg Data Strategy Planning | ) www.reuters.com   time to read: +3 min
U.S. District Judge Lewis Kaplan in Manhattan ruled in favor of several media outlets including Reuters that sought the names. The judge said that while the public had only a "weak" right to know who Bankman-Fried's guarantors were, it outweighed Bankman-Fried's arguments for confidentiality, including that the guarantors' safety could be imperiled. Kaplan disagreed, noting that long before bail was posted, the parents had faced "intense public scrutiny" over their relationship with their son, who was once worth an estimated $26 billion. They said there was less "stigma" from being associated with Bankman-Fried than from being associated with the late sex offender. Other media seeking to identify Bankman-Fried's guarantors included the Associated Press, Bloomberg, CNBC, CoinDesk, Dow Jones, the Financial Times, Insider, the New York Times and the Washington Post.
☆ FTX opposes new bankruptcy investigation as it probes Bankman-Fried connections
  + stars: | 2023-01-26 | by ( Noele Illien Tom Wilson Dietrich Knauth | Noele Illien | Tom Wilson | ) www.reuters.com   time to read: +4 min
FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ's proposed review would only add cost and delay to its bankruptcy case. As part of its own investigation, FTX asked U.S. Bankruptcy Judge John Dorsey, who is overseeing its Chapter 11 proceedings, to help it secure documents from Bankman-Fried, members of his family and other insiders with information about FTX transactions that used "misappropriated and stolen" funds. FTX is also seeking information about political donations by Mind the Gap, a political action committee founded by Barbara Fried, and Guarding Against Pandemics, an advocacy organization founded by Sam Bankman-Fried and his brother, Gabriel Bankman-Fried. The U.S. Department of Justice's bankruptcy watchdog has called for an independent investigation into its collapse, a request that received backing from a bipartisan group of U.S. senators. Sam Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty to fraud charges.
☆ It's been a wild time for tech implosions. We asked top PR experts to rank how well — or badly — the fallout has been managed.
  + stars: | 2023-01-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +1 min
FTX: tied for first place 🥇Sam Bankman-Fried—pictured above leaving federal court in Manhattan— has been criticized by PR experts for giving too many interviews. David Dee Delgado/Getty ImagesSam Bankman-Fried's crypto empire began unraveling in November 2022, and left the world in shock. As the crisis continues to unfold, Bankman-Fried has been giving interviews to media outlets ranging from DealBook to Puck News. According to several PR experts that Insider spoke with, Bankman-Fried's media frenzy has been his biggest mistake. "With great legal minds behind him aka his PARENTS - surely someone was insisting he not do a press tour of ANY kind.
☆ Sam Bankman-Fried is now writing his own newsletter while under house arrest at his parents' $4 million property: 'I didn't steal funds'
  + stars: | 2023-01-13 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
Presumably writing from his parents' $4 million property in Palo Alto, California near Stanford, Sam Bankman-Fried published a lengthy newsletter yesterday, titled "FTX Pre-Mortem Overview." One statement stood out to me: "I didn't steal funds, and I certainly didn't stash billions away." In the note, Bankman-Fried highlighted that both FTX and Alameda Research were raking in billions in profits in 2021. A key to the collapse, he explained, was 2022's crypto bear market that left just about every token worth dramatically less than the year prior. Well, Bankman-Fried yesterday outlined two versions of the hedge fund's balance sheet, one from each of the past two years.
☆ Sam Bankman-Fried's FTX saga keeps getting weirder as new details shed further light on how much his company's finances overlapped.
  + stars: | 2022-12-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
More details are sure to emerge, but there's already enough fodder for a spectacular thriller novel on par with "The Big Short." A closer scrutiny of court documents reveal an underlying theme of commingled funds, overlapping and mixed finances, and inexcusable, messy bookkeeping. Bankman-Fried's entire enterprise — counting FTX, his hedge fund Alameda Research, as well as scores of smaller entities — were steeped in one another's funds. There's a chance that those who end up in the most financial pain will be everyday investors who, like some institutional investors, trusted their funds to FTX. The CIO of a top-performing fund said 2023's stock market will present a tale of two halves.
☆ 12 media executives anonymously predict 2023's biggest deals, trends and changes
  + stars: | 2022-12-18 | by ( Alex Sherman | ) www.cnbc.com   time to read: +5 min
Candle Media has acquired intellectual property assets including Reese Witherspoon's Hello Sunshine production company and Moonbug, which owns the animated kids series "CoComelon." Executive 3: Iger extends his contract There's been lots of speculation over who Iger will choose as his successor. History suggests he has a hard time leaving the role of Disney CEO. Christine M. McCarthy, Senior Executive Vice President and Chief Financial Officer The Walt Disney Company. "I love Shari [Redstone], but ViacomCBS is not long for this world as it stands today," said a media executive last year.
☆ Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
  + stars: | 2022-12-07 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
Larry Fink, Chairman and C.E.O. of BlackRock arrives at the DealBook Summit in New York City, November 30, 2022. David Dee Delgado | ReutersLONDON — BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company's alleged "hypocrisy" on its environmental, social and governance (ESG) messaging. However, in a letter to Fink dated Nov. 10, shareholder Bluebell expressed concern about the "reputational risk (including greenwashing risk) to which BlackRock under the leadership of Larry Fink have unreasonably exposed the company." The company remains a major shareholder in the likes of Glencore and "coal intensive miners" Exxaro, Peabody and Whitehaven, Bivaro's letter to Fink on Nov. 10 noted.
☆ Here's how Donald Trump could theoretically run for president in 2024 and govern the US from prison, according to 9 legal scholars
  + stars: | 2022-11-13 | by ( Robin Bravender | Tina Sfondeles | Dave Levinthal | ) www.businessinsider.com   time to read: +17 min
If Trump landed in prison, nothing in the Constitution would block him from another White House run, according to nine legal experts interviewed by Insider. He served eight years in federal prison after being convicted on public-corruption charges. In the Oval Office, Trump conducted business at the ornate Resolute Desk. If he wound up in federal prison, he'd likely have more sway over his fate. Hochul would all but certainly reject calls to cut Trump legal slack in any fashion, pardons included.
☆ Remote workers are powering through and working while sick — and it's bad for them and their companies
  + stars: | 2022-10-23 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +9 min
When some remote workers get sick, they decide to log on for work anyway. Research says workers think they'll feel guilty if they take off; they feel more guilty for working. Workers need to feel comfortable deciding to take time off, and feel comfortable articulating those boundaries. The problem is, Gerpott said, that "human beings are very bad at predicting how they will actually feel." Instead, workers feel more guilty — because they couldn't help their colleagues or themselves very well.
☆ Forced Labor a ‘Top-Tier’ Compliance Issue, Says U.S. Official
  + stars: | 2022-09-27 | by ( Richard Vanderford | ) www.wsj.com   time to read: +5 min
Risk & Compliance Journal spoke to Robert Silvers, a U.S. Department of Homeland Security undersecretary who chairs the interagency Forced Labor Enforcement Task Force. He called on companies and their top executives to make examining supply chains a high-level compliance issue to root out goods tainted by forced labor. Mr. Silvers: Compliance professionals—and, indeed, C-suite executives—need to understand that forced labor is now a top-tier compliance issue. Forced labor needs to be one of those pillars as well. Mr. Silvers: Forced labor belongs in the same breath as FCPA.
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