#ethics

I can't fathom why we have board members that are both incompetent and unethical. How can these people take millions of dollars in payment through stocks despite losing revenue year after year. Also, there seems to be some INSANE conflicts of interest at the board level.

Is something similar happening at Nokia in TX, IL, NJ as well (for years)? Maybe not a VP but perhaps directors and managers?

Walmart VP takes money from Indian contractors
https://www.ctol.digital/news/walmart-fires-vp-kickbacks-terminates-1200-contractors/

I'm happy that the latest layoffs are in South Africa and not here. It's good to hear somebody else is getting hit for a change.

@OP+1k3kkzfyg

Not a good look. Its getting a lot of bad mentions on social media. This is probably why they wanted employees to be social media "advocates". (Cue eye roll.)

You want regulators and Congress after you, DC? This is the way.

In your professional career at ExxonMobil, when have you been asked to sacrifice your personal integrity on behalf of management?

Wow. It looks like if you follow orders, promote people you vacation with, kiss you boss and the CMO’s butts you can be a marketer to watch. But wait that’s how the farm operates!

https://lnkd.in/gnGTahUA

Managers these days just hover over you to ensure you sell every little bit of stuff. They are willing to slam perks to customers without finding a need. There is no trust with that kind of micromanaging. There is no integrity in that kind of managing. Employees feel like there is no trust anymore. In this kind of environment it seems the management has no trust either. Why can we not coach to a result? Why must we be micromanaged?

www.thelayoff.com/t/1k3ekjvbx

Expedia Group cites "violation of company policy" for sudden ouster of two key tech leaders

Two of Expedia Group’s top engineering leaders have abruptly left the company following what the travel giant described as a "violation of company policy." The Seattle-based company confirmed that Chief Technology Officer Rathi Murthy and Senior Vice President of Core Services Product and Engineering, Sreenivas Rachamadugu, are no longer employed at Expedia Group.

This is from GeekWire, I have the link below:

Expedia Group cites "violation of company policy" for sudden ouster of two key tech leaders

Two of Expedia Group’s top engineering leaders have abruptly left the company following what the travel giant described as a "violation of company policy."

Geekwire: By Taylor Soper - May 18, 2024, 6:51 am

The Seattle-based company confirmed that Chief Technology Officer Rathi Murthy and Senior Vice President of Core Services Product and Engineering, Sreenivas Rachamadugu, are no longer employed at Expedia Group.

"This decision is the result of a violation of company policy," a spokesperson said in a statement to GeekWire. "We’re actively searching to fill these roles and remain confident in our technology, strategy, and employees. Due to confidentiality, we will not be making any further comments on the matter."

Murthy responds

Later on May 18, Murthy shared a statement through a spokesperson:
"Throughout my career, I’ve conducted myself with a commitment to the highest level of integrity. I am proud of my work at Expedia and have endeavored at all times to serve the best interests of the company. I look forward to sharing my story at the appropriate time and setting the record straight."

Departures follow major company event

The exits came just days after Expedia’s annual partner conference in Las Vegas, where the company announced several new tech initiatives, including an AI assistant. Murthy spoke at the conference and highlighted the announcements on LinkedIn.

Murthy joined Expedia in 2021 after serving as CTO at Verizon Media. She previously held executive roles at Gap, American Express, eBay, and Yahoo.

Rachamadugu also joined Expedia in 2021 from Verizon Media, where he spent more than 15 years in engineering leadership roles.

GeekWire has reached out to both former executives for further comment.

Leadership transition underway

The leadership shakeup coincides with the arrival of Expedia Group’s new CEO, Ariane Gorin, who officially started the role on Monday. Gorin, a longtime Expedia executive, replaced Peter Kern, a transition first announced in February.

Company outlook

Expedia Group owns a portfolio of brands including Vrbo, Orbitz, Hotwire, Trivago, Hotels.com, and its flagship Expedia.com. The company has unified the tech platform across its brands in recent years and launched a shared loyalty program, One Key, for Expedia, Hotels.com, and Vrbo.

For the first quarter of 2024, Expedia reported $2.9 billion in revenue, up 8 percent year-over-year. Despite the revenue growth, shares fell after the company disclosed delays in a major tech migration.

The company has also been restructuring its workforce. It laid off tech employees in September and suffered a system outage earlier this month.

Link: https://www.geekwire.com/2024/expedia-group-cto-and-svp-ousted-after-unspecified-violation-of-company-policy/

HR is filling their own pockets and playing games with workers

Seems this hack is being kept quite with all the uproar about Accenture suing L3Harris for $81 million and the Accenture I.T. contract ending with L3Harris on 12/15/2025. Karma? 450+ employees "sold" to Accenture without any severance options and then a year later the contract is terminated. This from a company that requires the employees to take yearly ethics classes.

https://www.cyberdaily.au/security/12488-exclusive-world-leaks-ransomware-gang-claims-hack-of-defence-contractor-l3harris-list

is this illegal? uhc uses vendor software from american companies. my team in india uses the software as a basis to build inhouse software. upper management at uhc (mostly american) and optum (mostly indian) migrate to the inhouse app and sunsets the vendor software.
i don't think it's a straight copy that's being done but the software is extremely similar.

I left this company a long time ago for a tech company, and remained a customer of this bank.

After a very lengthy, confusing, and almost incoherent call with a Wells Fargo employee recently regarding my investment accounts. I was left with more questions than I have answers. Not only could the individuals not assist me, It felt like they were following a script. No answers were provided, and My buy order was never placed. Just left a very sour taste in my mouth and led me to some other questions.

I hope this was a one off experience, But doubt that based on the employees I spoke with coinciding with the banks reputation Of being a habitual offender. It made me wonder who is looking at My personal information, specifically account activity, and info?

It was very difficult to understand these employees which makes me think they are not located in the states. it seemed each employee I spoke with had a different answer, even though I was asking the same question. Furthermore, if in fact, these employees I speak with are not located in the states I don’t feel comfortable with them reviewing my personal information, along with my investment account information.

It bothered me enough to where I had to do a little research and came across this site. let’s just say I am appalled, and conflicted at this company’s business practices or lack there of. Once I hung up, I could not help but wonder who is reading this information and how are they able to provide support if they are offshore?

It seems as if there is no risk or control framework in place that protects stateside customers. I felt very uncomfortable having to verify my information to someone from a Third World country where fraud is rampant, and supporters of Russia.

After reading the comments on this site. I am convinced that customers data is visible too all employees outside of the USA? After reviewing the comments on this site. It sure seems that way. I mean, how else would the employees I spoke with verify my information? Does this company not have any sort of information barriers or data governance policies in place? Another big concern of mine is, why am I speaking with someone located out of the states, supports Russia, and barely speaks English yet has a name like chuck.

I find it shocking, unethical, and risking customers information here in the states To save on labor costs when those savings will be paid to regulatory violations, if this bank is truly not protecting their customer data.

The sentiment alone on this site paints a picture of how risky it is. It really seems like there are disgruntled, employees, offshore, and stateside, and nobody knows what they are talking about.

I have been banking with this company for years But after my most recent call with this company, I find it too risky to continue doing business with them. I was never provided an answer to any questions, my buy order was never placed, and now it seems Offshore employees who support Russia’s war effort had full access to my information.

This is completely unacceptable! As a customer, and stakeholder, I am appalled! This has to be the most riskiest operating model I have ever Come across. I am not comfortable with my information, going offshore, especially information related to my investment and retirement accounts.

This experience coinciding with the recent report of the stress test, I Will be moving my money to a more secure institution. It has been many years since I had worked at this company But this is just risky, unethical, and morally wrong. When I hang up the phone with someone who has my sensitive information and access to my accounts, it made me lose sleep.

My next phone call will be me instructing them to move my money to another account at another company.

It’s a shame that this company has sacrificed talent for cheap labor. Let’s not forget they are also supporting an economy that is not the United States. It’s easy enough for me to take my business elsewhere. For a company that is trying to rebuild its reputation yet continues to be a habitual offender on regulatory matters, I guess my risk appetite is not as big as theirs. or they are just stupid! Spread the word, I know I will. Where the heck are the regulators?

#SEC
#WFC
#Ethics
#FutureEnron
#2025
#2024
#REGULATORS!
#Loopholes
#Anti-American
#Investing
#Banking
#CFPB
#OCC
#WellsFargoBank