Ford Motor Co. for decades has demonstrated a hearty appetite for litigation risk, which explains the more than 50 safety recalls the company has issued this year. Investors would be wise to take note of two significant legal defeats that recently resulted when two of America’s top litigation lawyers chose to take Ford on.
At St. Michael’s Medical Center in suburban Seattle earlier this month a charge nurse working in the hospital’s problem-plagued ER was forced to call 911 and ask the fire department for backup support. There were reportedly five nurses on duty and 45 patients in the waiting room.
At Ascension Saint Joseph’s Medical Center of Joliet in suburban Chicago three nurses were suspended and escorted from the hospital after voicing concerns about ER staffing. According to the Illinois Nurses Association, there were only four nurses available to treat 46 patients. The unit’s staff requirement was 14 nurses.
In Dallas, a maternity ward nurse and a case worker at Methodist Dallas Medical Center were shot and killed when a gunman on parole and wearing an ankle bracelet opened fire. The gunman reportedly hit his girlfriend while she was in labor and then opened fire on the hospital staff.
Although the three incidents in different regions of the country seem unrelated, what binds them are the inept managements overseeing U.S. hospitals.
If electric vehicles are the future of automotive, General Motors CEO Mary Barra continues to suffer major missteps, admitting this week that her ambitious EV sales promises will be delayed another year. As well, Barra has issued yet another recall for her monster Hummer pickup, this one for a faulty battery seal allowing water to seep in.
One upon a time, Barron’s would be the publication sounding the alarm and warning investors about Barra’s track record of broken promises and GM’s history of shoddy manufacturing. Now it’s just another voice in the legacy media’s EV choir.
Adidas appears to have made a calculated marketing gamble that maintaining ties to a rabid antisemite is good for its business. I fear the company will be proven correct.
The future of Self-Driving cars is far from assured. Here’s why it would be better for society if the technology is never approved.
Many Americans are under the mistaken belief that the transition to electric vehicles is being overseen by intelligent leaders who have applied considerable thought on how best to blow up a century-old technology.
Here’s some insight on one of the politicos leading the charge.
I’ve long opposed ESG, or so-called socially responsible investing, because it legitimizes the activities of some companies that do very bad things. So when I retrieved the November issue of Kiplinger’s Personal Finance this past weekend and found the publication touting ESG on its cover, my instinct was to toss it in the garbage and cancel my subscription. Reading editor Mark Solheim’s justification for the cover story decision didn’t change my views on ESG, but he made me feel good about subscribing to Kiplinger’s.
Solheim is the rare journalist who knows how to win friends and influence people. His column is a masterful example of engagement. Corporate governance commentator Nell Minow and Toronto Globe and Mail reporter Rita Trichur would be wise to read it.
The launch of Michigan’s Corewell Health last week and its tag line, “Together, we are now” marked a new low in American advertising and marketing. The earth rumblings you possibly felt was David Ogilvy rolling in his grave.
For all the lofty talk about blockchains and massive computer systems so powerful they can’t be hacked, it was disclosed in an Australian court this week that Crypto.com is vulnerable to costly errors of Bulgarians with names like Dimitar or Yordanka whose Excel skills are possibly more lacking than mine.
If you’re attracted to cryptocurrencies, I’ve got an alternative asset you might want to consider.
Until this weekend, I thought that I was too dumb to understand cryptocurrency. But after reading about the $580 million hackers pilfered from Binance, the world’s biggest crypto exchange, I’m no longer convinced that I’m the moron.
If you aren’t familiar with the Binance heist, you should be.