The Supreme Court, NCAA, And Juneteenth

Two days after Juneteenth, the Supreme Court rejected NCAA limits on athletes’ education-related benefits. The ruling was justice. The timing was poetic justice. Here’s why. Juneteenth Juneteenth commemorates emancipation of African-American slaves in the United States. “Juneteenth” refers to June 19, 1865. On that day, the Union military governor of Texas, Maj. General Gordon Granger,…

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McKinsey’s $573 Million Absolution: Value For Money. But For Whom?

McKinsey & Company, the world’s premier consulting firm, will pay nearly $600 million to settle claims by U.S. states relating to McKinsey’s work for opioid manufacturers and distributors. This seems like a lot. It may represent value for money. But for whom? McKinsey’s Seizes First-Mover Advantage First Nationwide Settlement McKinsey’s settlement comprises 47 states, four…

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Katzenberg Cancels Quibi — Let The Spin Begin!

Media billionaire Jeffrey Katzenberg recently pulled the plug on Quibi, his own start-up. As with any other box-office bomb, the post-mortem blame game may prove more creative, entertaining — and instructive — than the feature itself. Katzenberg founded Quibi with former eBay CEO Meg Witman. They raised $1.75 billion in start-up capital. This C-suite power…

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Wells Fargo — The Grift That Keeps on Giving

Former Wells Fargo CEO John Stumpf just paid $2.5 million in civil fines. Is the bank’s fake-account scandal finally over? Not for shareholders. The Fake Account Scandal People may remember the nationally televised @ss whuppin’ Senator Elizabeth Warren delivered to then Wells Fargo CEO John Stumpf. On Stumpf’s watch, 5,300 Wells Fargo employees opened as…

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The Rebirth of Purdue Pharma: Gandalf or Saruman?

Purdue Pharma has given up the ghost. The company faced $2.2 trillion in state and consumer claims, as well as $18 billion in sanctions from the federal government. The company will be reborn, but as what? Balrogs v Trial Lawyers Yes, Middle Earth has its wizard-killing Balrogs. But what creatures, for bloodthirsty, flesh-ripping rage, can…

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