Trust Digest 121 (December 22, 2015)

Hospitality and Gambling Interests Delay Closing of Billion-Dollar Tax Loophole 

As congressional leaders were hastily braiding together a tax and spending bill of more than 2000 pages, lobbyists swooped in to add 54 words that temporarily preserved a loophole sought by the hotel, restaurant and gambling industries, along with billionaire Wall Street investors, that allowed them to put real estate in trusts and avoid taxes.      
Key Words: Federal Tax, Congressional Leaders, Harry Reid 
Trust Issues: Relative Power, Situational Security, Predictability, Integrity 

Toshiba Plunges on Reports It Will Post $4 Billion 2015 Loss 

Toshiba, which makes everything from nuclear power equipment to laptop computers, flash memory chips and home appliances may seek to revive profit by narrowing the scope of its business lines.       
Key Words: Toshiba, Japanese Firm, PC, TV, Record Loss, Accounting Scandal 
Trust Issues: Security, Predictability, Integrity, Capability

It's The End of Toshiba As You Know It  

Japan’s Toshiba Corp  TOSBF -8.70%  said Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal , in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy.  
Key Words
Toshiba, Japanese Firm, PC, TV, Record Loss
Trust Issues: Security, Predictability, Integrity, Capability 

VW chairman says winning back trust is top priority 

Volkswagen needs to win back trust lost through its cheating of U.S. diesel emissions tests that may affect 11 million vehicles worldwide, its chairman said on Thursday.   
Key Words VW, Trust Repair, Emissions Scandal, Germany, US
Trust Issues
Risk Tolerance, Relative Power, Similarities, Security, Alignment of Interests 

Volkswagen Receives Approval to Fix Diesel Cars in Europe  

Volkswagen AG won regulatory approval for technical plans to fix 8.5 million diesel engines in Europe equipped with software that cheats on emissions tests, enabling the company to start resolving a scandal that has hurt sales since September.  
Key Words: Volkswagen Scandal, Trust Repair, Emissions Scandal 
Trust Issues: Relative Power, Security, Adjustment 

The Art of Honesty: Marketing Tactics to Tell Your Brand Story through Transparency  

Trust is an important component in any relationship. It doesn’t matter its nature, if a relationship doesn’t have trust then oftentimes it ends up failing in one way or another. 
Key Words: Trust in Marketing, Content Marketing, Honesty, Brand Marketing 
Trust Issues: Situational Security, Predictability, Integrity

Manuel Says South African Firing of Finance Minister Broke Trust 

President Jacob Zuma’s dismissal of Nhlanhla Nene as South African finance minister without warning or explanation led to a “complete breakdown” in trust in the cabinet and the ruling African National Congress, former Finance Minister Trevor Manuel wrote in a letter to an executive committee member of the party. 
Key Words: South Africa, Finance Minister, Nhlanhla Nene, President, Jacob Zuma 
Trust Issues: Adjustment, Relative Power, Security, Predictability, Integrity, Conflict of Interests 

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