Trust Digest 81 (January 26, 2015)

How A Poached Employee Led Satya Nadella To Make Nice With One Of Steve Ballmer's Bitter Rivals
The enterprise software industry is filled with fierce and often entertaining rivalries. For over a decade one big rivalry was between cloud computing champion and traditional software champion Microsoft (who has since seen the cloud light and become a serious competitor there).That relationship changed in May, a few months after Satya Nadella took over as CEO and set about creating a kinder, more collaborative Microsoft.
Key Words: Leadership, Partnership
Trust Issues: Collaboration

Obama and India’s Premier See Mutual Benefit in Breaking the Ice
Ever since India’s prime minister, Narendra Modi, visited President Obama in the fall, the word in New Delhi has been that the two men — one a former Hindu activist, the other a former law professor — had “chemistry.” Mr. Obama broke the ice by leaving his White House staff behind to give Mr. Modi a personal 15-minute tour of the Martin Luther King Jr. Memorial. Soon after, Mr. Modi decided to invite Mr. Obama to Republic Day celebrations this month, becoming the first Indian leader to choose an American as his guest for the spectacular annual parade.
Key Words: Foreign Relations, Mutually Benefit
Trust Issues: Leadership, Personal Relationships

N.Y. Assembly Speaker Sheldon Silver Accused of Abusing Power
New York state Assembly Speaker Sheldon Silver was accused by federal prosecutors on Thursday of using his political power to amass a “tremendous personal fortune” through kickbacks from real-estate developers and referrals to a personal-injury law firm. Manhattan U.S. Attorney Preet Bharara issued a sweeping condemnation of Mr. Silver, a Manhattan Democrat and one of the most powerful state lawmakers, just hours after the speaker surrendered to the Federal Bureau of Investigation to face corruption charges following a long-term investigation.
Key Words: Government Officials
Trust Issues: Corruption, Abuse of Power

NY Times DealBook - Amid the Chattering of the Global Elite, a Silent Interlude
DAVOS, Switzerland – For 10 minutes at the World Economic Forum here on Wednesday afternoon, a conference room jammed with more than 100 high-powered delegates was entirely silent. The rare interlude of equanimity came during a panel called Leading Mindfully, a discussion of how meditation was impacting the workplace.
Key Words: Leadership, Meditation
Trust Issues: Leading Mindfully

U.S. regulators sue former Capital One employees for insider trading
U.S. securities regulators have accused two former Capital One Financial Corp data analysts with engaging in insider trading based on sales data the credit card issuer had collected from millions of its customers. The U.S. Securities and Exchange Commission on Wednesday filed a lawsuit in federal court in Philadelphia against Bonan Huang and Nan Huang, saying the analysts used the nonpublic data to trade in the shares of consumer retail companies ahead of sales and earnings reports.
Key Words: Insider Trading, Regulation
Trust Issues: Integrity, Capability

U.S. Fears Chaos as Government of Yemen Falls
The American-backed government of Yemen abruptly collapsed Thursday night, leaving the country leaderless as it is convulsed by an increasingly powerful force of pro-Iran rebels and a resurgent Qaeda. The resignation of the president, prime minister and cabinet took American officials by surprise and heightened the risks that Yemen, the Arab world’s poorest country, would become even more of a breeding ground for Al Qaeda in the Arabian Peninsula, which has claimed responsibility for audacious anti-Western attacks — including the deadly assault on Charlie Hebdo in Paris this month.
Key Words: Government, Chaos, Civil War
Trust Issues: Leadership, Integrity

Economic Freedom Does Not Necessarily Lead to Greater Tolerance
Differences in race, religion and sexual orientation have erupted in violence around the world recently, making it all too clear that tolerance is an ideal that our societies haven’t fully achieved. What isn’t well known is that economists have been studying tolerance and its preconditions for many years, discovering some fascinating yet also unsettling truths.
Key Words: Economic, Freedom, Tolerance
Trust Issues: Tolerance, Freedom

How Can Businesses Build Trust?
Most business leaders recognize that trust is absolutely essential to the success and competitiveness of their company. But while 49% of the general public do not trust businesses to do what is right, only 37% of CEOs say they are concerned about the issue of trust in their industry. How can we explain this disconnect? One reason might be a difference in how the public and businesses understand the concept of trust.
Key Words: Business, Public Perception
Trust Issues: Corruption, Fraud

Good Governance: Well-Meaning Slogan Or Desirable Development Goal?
Corruption last year cost the world more than one trillion dollars. That is a trillion dollars we can’t use to get better health care, education, food and environment. And corruption is only part of the problem of poor governance – many countries are run ineffectively, lacking accountability, transparency and rule of law.
Key Words: Governance, Corruption
Trust Issues: Integrity, Communication, Responsibility

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