Showing posts with label disclosure. Show all posts
Showing posts with label disclosure. Show all posts

Saturday, December 31, 2016

These common mistakes can lead to lawyer ethics complaints; ABA Journal, 2/10/16

Debra Cassens Weiss, ABA Journal; 

These common mistakes can lead to lawyer ethics complaints:

"Oddball ethics complaints may get more attention, but it’s the run-of-the-mill problems that are most likely to trip up lawyers, according to lawyers who handle such cases.

BNA’s U.S. Law Week spoke with several experts about common errors. Here are five of them..."

Wednesday, November 30, 2016

How Much Disclosure About an Op-Ed Author Is Required?; New York Times, 11/30/16

Liz Spayd, New York Times; How Much Disclosure About an Op-Ed Author Is Required? :
"Who is this woman brave enough to come forward in Facebook’s defense?
Lessin’s tagline identifies her as the founder of a technology website, The Information. And near the end of her piece, she mentions in passing that her husband briefly worked at Facebook.
What neither Lessin nor The Times’s opinion editors told readers is that Lessin and her husband, Sam, have close ties to Facebook and its founder, Mark Zuckerberg. Sam Lessin is a long-time friend of Zuckerberg since their days at Harvard. When young Zuckerberg was shopping for money to start his business, Sam took him around to meet investors. When Sam had a business of his own, Zuckerberg bought it, and then Sam went to work at Facebook. He became the social media giant’s vice president overseeing product, and one of a handful of top executives who reported directly to Zuckerberg. The Facebook founder was even reported to be in the wedding party when Sam and Jessica got married.
I wouldn’t expect Times editors to necessarily put all that information in a piece explaining Jessica Lessin’s connections to a company she’s writing about. But simply saying her husband “worked at Facebook for a brief period” doesn’t cut it."

Sunday, October 2, 2016

Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found; New York Times, 10/1/16

David Barstow, Susanne Craig, Russ Buettner, Megan Twohey, New York Times; Donald Trump Tax Records Show He Could Have Avoided Taxes for Nearly Two Decades, The Times Found:
"Donald J. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records obtained by The New York Times show.
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.
Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said that tax rules especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period."

Wednesday, March 16, 2016

Donald Trump's 500 businesses would pose 'unprecedented ethical dilemma'; CNNMoney.com, 3/16/16

David Goldman, CNNMoney.com; Donald Trump's 500 businesses would pose 'unprecedented ethical dilemma' :
"CNNMoney interviewed ethics lawyers who worked for President George W. Bush, presidential candidates Bob Dole, John Kerry, John McCain and Mitt Romney, and New York Mayor Michael Bloomberg. They all said that Trump would have more potential business conflicts than any former president.
Trump has not committed to selling his businesses, and instead he has said many times that his children and executives would manage them.
"This is certainly going to present an unprecedented ethical dilemma if Trump wins," said Kenneth Gross, a partner at Skadden Arps Slate Meagher & Flom, who provided legal assistance to several presidential candidates during their campaigns. "He can't just get amnesia. He's stuck with the knowledge of what he owns."
As president, Trump would not be required to sell any of his investments or businesses. The U.S. Financial Conflict of Interest Statute prohibits unelected officials of the executive branch from holding stakes in assets that would conflict with their ability to properly do their jobs...
But Congress decided not to apply those restrictions to the president or vice president. They have to disclose their holdings, but they don't have to disown them.
So Donald Trump could be president without selling his businesses."

Friday, February 27, 2015

Pennsylvania legislation could shield some of the largest public university salaries from disclosure; Pittsburgh Post-Gazette, 2/25/15

Bill Schackner, Pittsburgh Post-Gazette; Pennsylvania legislation could shield some of the largest public university salaries from disclosure:
"Senate legislation intended to require more public disclosure by Pennsylvania’s four state-related universities would, as currently written, enable those schools to shield from the public many of their largest employee salaries — figures they currently release.
Senate Bill 412, introduced this month by state Sen. John Blake, D-Lackawanna, is part of an ongoing effort to revamp Pennsylvania’s Right-to-Know Law that has been working its way through the Legislature for two years.
Mr. Blake said his bill’s intent is to give the public greater insight into the workings of the University of Pittsburgh, Penn State University and Temple and Lincoln universities, which receive hundreds of millions of taxpayer dollars each year but are largely exempt from Right-to-Know requirements.
Indeed, his bill (explore below) would create free accessible online databases with extensive budgetary information, non-personal employee and enrollment data, and would compel the four universities to list vendor contracts above $5,000 and maintain a 20-year archive of minutes from school trustee meetings.
But in one key area of disclosure — individual salaries — the bill’s language appears to be at least a partial retreat."

Saturday, February 4, 2012

[Editorial] Congress Moves on Ethics; New York Times, 2/3/12

[Editorial] New York Times; Congress Moves on Ethics:

"The measure, passed by a 96-to-3 vote, seemed imperiled even the day before by a barrage of extraneous amendments to the bill. Perhaps realizing that their feeble standing with the public would only grow worse by blocking an ethics bill, senators went all-out in a bipartisan competition to go beyond the ban. They voted to open lawmakers’ market transactions to monthly online reporting; to disclose their personal home mortgage details; and to include thousands of ranking executive branch workers in this overdue transparency."