Affärsetik

Winner of the National Book Critics Circle Award 2025Longlisted for the 2025 Financial Times & Schroders Business Book of the YearShortlisted for Foyles Non Fiction Book of the Year 2025A New York Times BestsellerAn eye-opening account of the tech arms race shaping out planet, from an award-winning journalist and AI insider to the world of Sam Altman and OpenAIWhen longtime AI expert and journalist Karen Hao first began covering OpenAI in 2019, she thought they were the good guys. Founded as a nonprofit with safety enshrined as its core mission, it was meant, its leader Sam Altman told us, to act as a check against more purely market forces.But the core truth of this massively disruptive sector is that it requires an unprecedented amount of proprietary resources: the ‘compute’ power of scarce high-end chips, the sheer volume of data that needs to be amassed at scale, the humans on the ground ‘cleaning it up’ for sweatshop wages throughout the Global South, and a truly alarming spike in the need for energy and water underlying everything. We have entered a new, ominous age of empire with OpenAI setting a breakneck pace, as a small group of the most valuable companies in human history try to chase it down.In exhilarating prose and with unparalleled access to those closest to Sam Altman, Hao recounts the meteoric rise of OpenAI and shows us the sinister impact that this industry is having on society.

Winner of the National Book Critics Circle Award 2025Longlisted for the 2025 Financial Times & Schroders Business Book of the YearA Financial Times Book of the Year 2025Shortlisted for Foyles Non Fiction Book of the Year 2025A New York Times BestsellerAn eye-opening account of the tech arms race shaping out planet, from an award-winning journalist and AI insider to the world of Sam Altman and OpenAIWhen longtime AI expert and journalist Karen Hao first began covering OpenAI in 2019, she thought they were the good guys. Founded as a nonprofit with safety enshrined as its core mission, it was meant, its leader Sam Altman told us, to act as a check against more purely market forces. But the core truth of this massively disruptive sector is that it requires an unprecedented amount of proprietary resources: the ‘compute’ power of scarce high-end chips, the sheer volume of data that needs to be amassed at scale, the humans on the ground ‘cleaning it up’ for sweatshop wages throughout the Global South, and a truly alarming spike in the need for energy and water underlying everything. We have entered a new, ominous age of empire with OpenAI setting a breakneck pace, as a small group of the most valuable companies in human history try to chase it down. In exhilarating prose and with unparalleled access to those closest to Sam Altman, Hao recounts the meteoric rise of OpenAI and shows us the sinister impact that this industry is having on society.

THE INSTANT SUNDAY TIMES BESTSELLER – FROM THE 2025 BBC REITH LECTURERA GUARDIAN BOOK OF THE SUMMER 2025‘Gives us hope, humour and guidance at a time when all are in short supply’ TIMOTHY SNYDER‘The rare read that might actually help you become a better person’ ADAM GRANTTHE ANTIDOTE TO APATHY FROM THE INTERNATIONALLY BESTSELLING AUTHOR RUTGER BREGMANEvery day we’re bombarded with methods, mantras and life hacks that promise us wellness and prosperity – while time and talent remain some of our most squandered resources. The average full-time worker will spend 80,000 hours at their job: are you making the most of them? Do you truly believe in what you do, day in, day out? What if you want to do something more with your limited time on the planet?Internationally bestselling author Rutger Bregman shows us that with moral ambition – the will to make the world a wildly better place – we can be both idealistic and successful, and change the world along the way. Uncovering the qualities that made the great change-makers of history so effective, he shows how we too can lend our talents to the biggest challenges of our time, from climate change to inequality to the next pandemic. With moral ambition, we can do more than be on the right side of history: we can make history itself.This book won’t make your life easier, but it should make it more meaningful. The question is: what will you do with it?As the 2025 BBC Reith Lecturer, Rutger Bregman will present ‘Moral Revolution’, a four part series:-A Time of Monsters-How To Start a Moral Revolution-A Realist’s Utopia-Zoom OutAvailable to listen on BBC Four

Förutsättningarna för affärsverksamhet förändras för närvarande på grundläggande sätt. Inom EU:s gröna giv har flera regelverk antagits, såsom EU-taxonomin, SFDR och CSRD. Nya regelverk som CSDDD, förordningen om gröna obligationer, ekodesignförordningen och förpackningsförordningen har också tillkommit. EU-kommissionen har dessutom lämnat förslag i ett s.k. omnibuspaket för att minska ner vissa regelverks tillämplighet och kravbild.

Förändringen mot hållbarhet är nödvändig då världen är i ett ohållbart tillstånd. Flera planetära gränser har överskridits och ekonomisk och social ojämlikhet hotar samhällsstabiliteten och försvårar omställningen till en hållbar framtid. Grundorsaken ligger i de juridiska, kontraktuella och moraliska spelregler som styr affärsverksamhet och ofta möjliggör eller premierar sådana beteenden. Att ställa om till hållbar affärsverksamhet kräver en genomgripande förändring av dessa spelregler.

I boken, som här ges ut i en grundligt omarbetad andra upplaga, tar författaren ett helhetsgrepp om hållbarhetsjuridiken. Med utgångspunkt i att hållbarhet är en moralisk fråga redogörs för de mest centrala regelverken och hur företag behöver rapportera om hur deras verksamheter möter den idealbild av hållbar affärsverksamhet som etablerats i EU-lagstiftningen. Ämnen som finansiering, kontrakt och värdekedjor behandlas också utförligt, med fokus på de senaste förändringarna i lagstiftningen.

Boken riktar sig till bolagsjurister, advokater, företagsledare, hållbarhetschefer, konsulter och revisorer. Den är relevant för alla som vill förstå hur företag kan och bör omvandla sina verksamheter till långsiktigt hållbara affärsmodeller

The antidote to apathy from the internationally bestselling author and 2025 BBC Reith lecturer Rutger BregmanTHE SUNDAY TIMES BESTSELLER __________'A fierce and brilliant call to arms for anyone who has been wondering whether there's more to life. (There is.) Bregman wants to change you, and he just might succeed. This is a wonderfully dangerous book' TIM HARFORD'Gives us hope, humour and guidance at a time when all are in short supply' TIMOTHY SNYDER__________The average full-time worker will spend 80,000 hours at their job: are you making the most of them? Do you truly believe in what you do, day in, day out? Every day we're bombarded with methods, mantras and life hacks that promise us wellness and prosperity, while time and talent remain some of our most squandered resources. What if you want to do something more with your limited time on the planet?With moral ambition – the will to make the world a wildly better place – internationally bestselling author Rutger Bregman shows us we can be both idealistic and successful, and change the world along the way. Uncovering the qualities that made the great change-makers of history so effective, he shows how we too can lend our talents to the biggest challenges of our time, from climate change to inequality to the next pandemic. With moral ambition, we can do more than be on the right side of history: we can make history itself.This book won't make your life easier, but it should make it more meaningful. The question is: what will you do with it?Moral Ambition is a must-read for anyone wondering what they should do with their working life, how to find their purpose and how to find something more worthwhile to do with their skills and talents. As the 2025 BBC Reith Lecturer, Rutger Bregman presented ‘Moral Revolution’, a four part series:-A Time of Monsters-How To Start a Moral Revolution-A Realist’s Utopia-Zoom OutAvailable to listen on BBC Four

THE INSTANT SUNDAY TIMES BESTSELLER – FROM THE 2025 BBC REITH LECTURERA GUARDIAN BOOK OF THE SUMMER 2025‘Gives us hope, humour and guidance at a time when all are in short supply’ TIMOTHY SNYDER‘The rare read that might actually help you become a better person’ ADAM GRANTTHE ANTIDOTE TO APATHY FROM THE INTERNATIONALLY BESTSELLING AUTHOR RUTGER BREGMANEvery day we’re bombarded with methods, mantras and life hacks that promise us wellness and prosperity – while time and talent remain some of our most squandered resources. The average full-time worker will spend 80,000 hours at their job: are you making the most of them? Do you truly believe in what you do, day in, day out? What if you want to do something more with your limited time on the planet?Internationally bestselling author Rutger Bregman shows us that with moral ambition – the will to make the world a wildly better place – we can be both idealistic and successful, and change the world along the way. Uncovering the qualities that made the great change-makers of history so effective, he shows how we too can lend our talents to the biggest challenges of our time, from climate change to inequality to the next pandemic. With moral ambition, we can do more than be on the right side of history: we can make history itself.This book won’t make your life easier, but it should make it more meaningful. The question is: what will you do with it?As the 2025 BBC Reith Lecturer, Rutger Bregman will present ‘Moral Revolution’, a four part series:-A Time of Monsters-How To Start a Moral Revolution-A Realist’s Utopia-Zoom OutAvailable to listen on BBC Four

‘An excellent look at what Palantir does, as well as a fascinating insight into the mind of its eccentric chief executive’ TelegraphPalantir Technologies is the most interesting company in the world – and the most controversial. Palantir builds data integration software: its technology ingests vast quantities of information and quickly identifies patterns, trends and connections that might elude the human eye. Founded in 2003 to help the U.S. government in the war on terrorism – an early investor was the CIA – Palantir is now a $400 billion global colossus whose software is used by major intelligence services (including the Mossad), the U.S. military, the National Health Service in England, and corporate giants like Airbus and BP. From AI to counterterrorism to climate change to immigration to financial fraud to healthcare to the future of warfare, the company is at the nexus of the most critical issues of the twenty-first century. Its billionaire CEO, Alex Karp, is a distinctive figure on the global business scene. A biracial Jew who is also severely dyslexic, Karp has built Palantir into a tech giant despite having no background in either business or computer science. Instead, he’s a trained philosopher who has become known for his strongly held views on a range of issues and for his willingness to grapple with the moral and ethical implications of Palantir’s work. Those questions have taken on added urgency during the Trump era, which has also brought attention to the political activism of Karp’s close friend and Palantir co-founder Peter Thiel. In The Philosopher in the Valley, journalist Michael Steinberger is the first to tell the story of Alex Karp and Palantir from the beginning. Steinberger offers new biographical details and a rich psychological portrait of the man leading one of the world’s most secretive companies. Full of revelations, this is an urgent and insightful book about technological power, the surveillance state and the future we all face.

Named one of the "Best books of 2024: Business" by the Financial TimesAn indispensable guide to help companies navigate the new era of ethical challenges and risks in a volatile global landscape.Today's headlines teem with employee unrest over racial injustice, communities infuriated by corporate environmental impacts, staff anxiety over surveillance, public outrage over corruption in business, and discoveries of child labor in supply chains. We've traveled far and fast from the old world of business ethics, where black-and-white concerns about bribery and fraud could be addressed via rules and processes. Simply maximizing shareholder value while not breaking the law is no longer a tenable approach, but we've never been so confused about what it means to do the right thing—and why it's so important.In this eye-opening, essential book, NYU Stern ethics professor Alison Taylor argues that amid stakeholder demands and transparency pressures, we can no longer treat ethics as merely a legal and reputational defense mechanism. Leaders at Davos and the Business Roundtable have called for a new corporate responsibility paradigm, but organizations struggle to implement these ideas in an atmosphere of heightened expectations and intense suspicion. Offering vivid stories and examples from years working in anti-corruption and advising companies on ethics, Taylor brings this complex, risky environment alive to provide a blueprint for how leaders can rethink and reshape their practices. How can CEOs cut through the noise to set robust environmental and social priorities? When should they speak out on contentious social and political issues—and how? What does it really take to build a healthy organizational culture? How are we to approach corporate values when society itself is so divided?Higher Ground shows leaders how business can navigate this messy paradigm shift, build trust, and achieve long-term strategic advantage in a turbulent world.

Using the author’s extensive experience of advising public, private and non-profit sectors on personal, organization, and community behavioral and systems change knowledge and tools, this book applies a new lens to the question of how to respond to climate change. It offers a scientifically rigorous understanding of the negative mental health and psychosocial impacts of climate change and argues that overlooking these issues will have very damaging consequences. The practical assessment of various methods to build human resilience offered by Transformational Resilience then makes a powerful case for the need to quickly expand beyond emission reductions and hardening physical infrastructure to enhance the capacity of individuals and groups to cope with the inevitable changes affecting all levels of society.Applying a trauma-informed mental health and psychosocial perspective, Transformational Resilience offers a groundbreaking approach to responding to climate disruption. The book describes how climate disruption traumatizes societies and how effective responses can catalyze positive learning, growth, and change.

Compliance handlar om hur vi borde agera som anställda och som företag för att uppfylla de krav som vår omgivning ställer på oss när det gäller att motverka korruption och att efterleva konkurrenslagstiftning m.m.

Kraven på företagen ökar hela tiden och då särskilt kraven på att agera förebyggande för att förhindra att problem, dyra sådana, uppkommer inom ramen för ett företags verksamhet.

Kraven är lika viktiga oavsett om vi tror att vi blir upptäckta eller inte, särskilt i dagens samhälle där mediebevakning, visselblåsare och sociala medier ofta lyfter fram saker som du och ditt företag inte vill kännas vid.

Den här boken syftar till att ge företag, bolagsjurister, compliance officers, verkställande direktörer och ledningsgrupper de grundläggande verktygen för att kunna identifiera och hantera sitt företags compliance-risker.

I fokus står det förebyggande arbetet för att motverka compliance-risker, såsom riskanalys, compliance-processer, utbildningar och uppföljningar av compliance-arbetet. Med praktiska exempel och klara riktlinjer för arbetet ger författaren dig handledning och stöd kring hur man som företag och individ ska agera.

‘A stirring call to action’ – TIM HARFORD‘A masterclass’ – DARON ACEMOGLU'An excellent book' – NASSIM NICHOLAS TALEBTwo decades ago, behavioral economics burst from academia to the halls of power, on both sides of the Atlantic, with the promise that correcting individual biases could help transform society. The hope was that governments could deploy a new approach to addressing society’s deepest challenges, from inadequate retirement planning to climate change—gently, but cleverly, nudging people to make choices for their own good and the good of the planet.It was all very convenient, and false. As behavioral scientists Nick Chater and George Loewenstein show in It’s On You, nudges rarely work, and divert us from policies that do. For example, being nudged to switch to green energy doesn’t cut carbon, and it distracts from the real challenge of building a low-carbon economy.It’s on You shows how the rich and powerful have repeatedly used a clever sleight of hand: blaming individuals for social problems, with behavioral economics an unwitting accomplice, while lobbying against the systemic changes that could actually help. As two original proponents of the nudge principle, Nick and George now argue that rather than trying to “fix” the victims of bad policies, real progress requires rewriting the social and economic rulebook for the common good.

The Sunday Times and #1 New York Times Bestseller‘The Technological Republic is far too important to ignore’ Times Literary SupplementSilicon Valley’s brightest minds once collaborated with governments to advance technologies, securing the West’s dominance on the global stage. But that relationship has corroded – with perilous repercussions for us all.Lifting the veil on tech giant Palantir and its broader political project, visionary co-founder and CEO Alexander C. Karp and his long-time deputy Nicholas W. Zamiska offer a searing critique of our collective culture of complacency. To regain geopolitical power and preserve our freedoms, we must tackle the world’s most pressing challenges – including the artificial intelligence arms race – together and head-on. Now is the time for the West to wake up.‘Bold and ambitious … Essential reading’ Eric Schmidt‘Fascinating’ Financial Times‘A stirring manifesto’ Niall Ferguson‘Provocative and insightful’ Jamie Dimon

The book Corporate Taxation and Social Responsibility explains the bases for the polarized positions in the debate on multinational corporate tax strategies. Based on legal theory, political philosophy, and international tax law, the authors find strong arguments to require corporate executives to carry out their tax strategies in a responsible way, that is, in a way that is difficult to criticize with ethical arguments. International tax strategies such as debt-push-down and the double-Irish-with-a-Dutch-sandwich are analyzed and discussed in relation to anti-avoidance regulations and possible legal applications. The concepts of social responsibility and business ethics are discussed in depth and related to corporate tax. In short, this book explains in a simple and accessible manner the challenges facing today's international tax regime, and it presents possible solutions to meet these challenges.

When Michael Lewis first met him, Sam Bankman-Fried was the world’s youngest billionaire and crypto’s Gatsby. CEOs, celebrities, and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side?In Going Infinite Lewis sets out to answer this question, taking readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system. Both psychological portrait and financial roller-coaster ride, Going Infinite is Michael Lewis at the top of his game, tracing the mind-bending trajectory of a character who never liked the rules and was allowed to live by his own—until it all came undone.

The intellectual foundation for the next generation of business leadersToday's business schools were designed for a world that no longer exists. Capitalism raised the standard of living for billions of people over the past 150 years, but is now causing systemic challenges it is unable to address, including climate change and inequality. And yet, business schools continue to teach ideas that are making things worse: elevating the primacy of shareholder profits above the interests of employees, the environment, and society; viewing government as an intrusion on the free market rather than an arbiter of its proper functioning; and promoting unlimited economic growth despite the devastating environmental and social consequences. Business schools cannot simply drop an elective into their curriculum to address these challenges. We must rethink the faulty foundations.Business School and the Noble Purpose of the Market explains the intellectual foundation MBA students, faculty, and administrators need to reform capitalism and restore its noble purpose for the 21st century. Many business students are in fact seeking this kind of education and frustrated that they are not getting it from their professors. This book will fill in gaps in their education, equipping them with the models and mindset to rethink shareholder capitalism and serve society's needs. Business faculty and administrators will find a practical program for amending curriculum and pedagogy, changing student and faculty rewards, and bringing a new spirit and sensibility to the business school.

Förväntningarna och kraven ökar på att organisationer ska säkerställa en verksamhet och affärsmodell som bidrar till ett hållbart värdeskapande. Det gäller oavsett om det handlar om organisationer i näringslivet, offentlig sektor, civilsamhället eller akademin. Att göra detta med utgångspunkt i att realisera affärsnytta genom skapandet av samhälls­nytta – så kallad shared value – har därmed kommit att bli allt viktigare, och gärna då med utgångs­punkt i sektors­­övergripande samverkan.Med hjälp av konceptet social return on investment och den så kallade värde­­­skapandekedjan går det att mäta, följa upp och utvärdera hur verksamheten skapar konkreta värden – socialt, miljömässigt och ekonomiskt. Värdeskapande­kedjan bidrar till att skapa underlag som vägleder beslutsfattare mot en ökad resurseffektivitet och ett hållbart värdeskapande.I boken lotsas läsaren genom beskrivningar av värdeskapandekedjans sex komponenter – resurser, aktiviteter, prestationer, effekter, påverkan och värdeskapande – och olika mätverktyg som de är kopplade till. Dessutom presenteras praktiska exempel från olika organisationer, och konkreta tips utifrån de olika delarna av värdeskapandekedjan. Boken ger insikter om relevanta sätt att mäta effekter och värdeskapande, men har även ett problematiserande perspektiv på mätning som sådan.

Audience: Investors, entrepreneurs, companies considering going public, policy makers.Summary: Rigged financial markets and hopeless under-regulation on Wall Street are not new problems. In this book, Susanne Trimbath gives a sobering account of naked short selling, the failure to settle, and her efforts over decades, trying to get this fixed.Part I. Opening ActThis is a cautionary tale. What started as a regulatory failure has turned into a regulatory crisis. Shareholder democracy is in shambles. The institutions that were established to correct a problem of trade settlement failures (failures to deliver shares for settlement) have instead exacerbated the problem. They may not survive what comes next.Chapter 1: Primer. A non-technical explanation of the terminology and concepts used in the book, plus the economic implications of trading ""phantom"" stock and bonds.Chapter 2: Start at the Beginning. Twenty-five years ago, when I was working ""backstage at Wall Street"" a group of corporate trust specialists told me about a problem in shareholder voting rights. When I went to senior management at Depository Trust Company (DTC), then and still the largest securities depository in the world, brushed it off saying, ""You can't balance the world.""Part II. Back to Where I Left OffChapter 3: A Sidewalk Café in New York. At the request of a business colleague, I have coffee with a lawyer from Texas who tells me that a problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. I feel a pang of guilt for not sticking it out to fix this before I left DTC in 1993. By 2003, it was a full-blown regulatory crisis!Chapter 4: Blind Men Describe an Elephant. When I start working on the issues after 2003, the lawyers, companies, investors and consultants I meet are like the blind men and a phantom share is the elephant. From a dentist in Michigan to a Republic operative in Washington DC, few of the self-described experts even knew what a naked short sale was before it either happened to them or someone hired them to pontificate on the subject.Part III. Committing to a CauseChapter 5: Real Experts Meet. The lawyers and several companies they represent are relying on poorly written reports provided by the Blind Men. Recognizing that the errors are piling up and having a negative impact on the outcomes in the court room, I bring in real experts, including the corporate trust specialists who first came to me in 1993. We coin the term ""phantom shares"" to describe the extra shares being created by short sales, stock lending and fails to deliver.Chapter 6: STA White Paper. The industry organization of corporate trust specialists, the Securities Transfer Association (STA) issues a report on over-voting after they are unable to get help from the Securities and Exchange Commission (SEC). Articles in their newsletter include a survey showing that over-voting – the direct result of investors voting phantom shares in corporate elections – impacts every public company. Almost immediately, the Securities Industry Association sends a letter to the NYSE describing how they can hide over-voting and the NYSE removes the last remaining rule that made it possible for a buyer to demand delivery of shares. A year later, over-voting is found in every corporate election surveyed by the STA. Even after the SIA implements processes to hide over-voting, the STA finds one-third of corporate elections are still receiving up to 25% more votes than there are shares outstanding.Chapter 7: Tax Consequences. My research shows that taxpayers and governments are losing out when interest and dividends are paid on phantom shares. The loss of tax revenue is not trivial: as much as $4.0 billion to the states and $1.5 billion to the federal government every year.Part IV. Success Seems PossibleChapter 8: Regulation SHO. I submit comment letters to the SEC that outline the financial and economic consequences of fails to deliver (FTD). When FTD reporting from NSCC to SEC begins, we are optimistic. Even though it is a list of victims (companies) but not the perpetrators (brokers), this is our first chance to see weekly and then daily data. We still don't know how old a fail is, but at least we have more frequent reports of the total value of fails and the number of shares failed per company. This chapter includes several of my comment letters explaining the implications for capital markets and the economy of the unfolding regulatory crisis, including the fact that Reg SHO had no enforcement teeth. It includes the attachments I submitted, like a copy of an NYSE audit proving that they knew that brokers were voting in corporate elections without regard to shareholder rights.Chapter 9: Criminal Cases Reveal Evidence. Although none of the lawsuits against the central clearing and settlement organizations (DTCC and its subsidiaries) is able to progress in the state courts, some organized crime cases result in settlement agreements and federal prosecutions. They move slowly but reveal evidence through discovery that supports the civil claims for several issuers against the brokers. This book does not detail financial crimes, but the cases against the primary perpetrators involved in manipulating Eagletech's stock are outlined to demonstrate the criminal strategies. We visit the more complete story of Eagletech Communications, Inc. in Chapter 10.Chapter 10: The Battle Goes Public. When a Dateline NBC segment on Eagletech is announced, the pajamahideen are emboldened, organizing protests and rallies including one on the sidewalk in front of DTCC's headquarters in Manhattan. The Dateline episode falls far short of the exposé everyone was hoping for. Later that year, the National Association of Securities Administrators Association (NASAA) holds a public forum in Washington, D.C. Publicity for the issue rises to the mainstream media, with a cover story in Bloomberg Markets magazine focused on the problems created by phantom votes. The CEO of a large public company is in the audience. I challenge him to buy shares of stock in his own company and find out if the seller fails to deliver. His broker debits his bank account for over $1 million dollars – then it takes two months for him to get delivery of the shares. In the face of this evidence and the harsh reality that it can happen to anyone, Patrick Byrne escalates his activities to warfare.Part V. Escalating CommitmentsChapter 11: Byrne's War. With the NASAA event as the backdrop, I push Patrick Byrne to stay focused on the real issue: corporate governance. He has me added to several email distribution lists with what he dubs the ""Pajamahideen"" – freedom fighters who work from home in their pajamas. Patrick hires a firm specializing in ""legislative strategies"" to arrange a media event in Washington DC. It is poorly attended and not widely reported with only one congressional aide at the event. Instead of explaining the important regulatory changes needed to protect corporate governance, Patrick has the team presentation focus on criminal activity. This chapter includes the text of my online interview with The Sanity Check.Chapter 12: Publicity Ramps Up with Meetings, Events and Interviews. I appear at the confirmation hearing when a former DTCC Board members is nominated as State Treasurer for New Jersey. I and some of the pajamahideen point to his Board role as making him complicit in hiding the fails to deliver. Afterward, DTCC will attempt to use one obscure new article about the hearing in an effort to disparage me (Chapter 15). Stories show up in every financial news outlet from print and online to radio and television. Bloomberg produces and airs a special report on ""Phantom Shares"" and I am the keynote speaker at the Securities Lending Conference in New York. I am contacted by an agent from the FBI-NY and he asks me to meet with the SDNY Attorney's office to brief them on fails and shorts. I present them with shocking evidence of system-wide problems in post-trade processing. I don't hear from them again.Chapter 13: Naked, Short and Greedy in LA. The CFA-LA initially agrees to put on an event about naked short selling. Bloomberg TV is prepared to broadcast the event. Then DTCC threatens action against CFA-LA if they have me as a speaker. CFA-LA caves and cancels the event. Overstock CEO Patrick Byrne steps up with a small sponsorship and STP Advisory Services funds the remainder for a new event in October. With just a shoe-string budget, we are able to fill a meeting room at the Park Hyatt in Century City (Los Angeles) with attendees from all over the US.Part VI. All Seems LostAfter a series of promising events, what happened next offered one setback after another. In a painful, emotionally charged series of events for me, the goal of resolving the regulatory crisis seemed to move further and further away. Things were happening too quickly to have feelings about them: by the time it was over, I was just starting to have feelings about the kind of feelings I had when it was happening. DTCC's efforts to banish me to the background left me raw as I constantly had to keep up my guard against it. Paradoxically, all of the negativity drew a sense of even deeper commitment from me.Chapter 14: Resistance from Wall Street. DTCC escalates their efforts against me. It has the opposite effect, making more companies and investors trust me to speak out on their behalf. They contact the producers and sponsors for events that invite me to be keynote speaker. They even threaten to cancel program participation for a transfer agent who hires me as a consultant. In the end, the people and organizations that I worked with in my years at DTC come to my support with more speaker invitations.Chapter 15: Corporate Governance Fails at Overstock. The real blow comes when Patrick has the chance to close it out with the proxy voting charade at his annual meeting. He does nothing because he got the chairman slot he was so afraid ""they"" would take away from him. The real experts I bring in are ignored completely. I feel Patrick and his lawyers push me aside in favor of a series of yes-men and consultants with worn-out low-level government titles. He will lose his appeal in a million-dollar lawsuit brought against him and one of his writers for libel and defamation.Chapter 16: Senate Inaction. Patrick is a big political donor who is able to get some statements about ""naked short selling"" read into the record by congressmen from Utah. I was able to include a couple of paragraphs about fails to deliver. Under pressure from DTCC, the SEC and Wall Street's own political donations, Congress refuses to hold hearings to air the investors' side of the story. In 2012, the Washington Post will report finding lawmakers in 2008 were investing hundreds of thousands of dollars in short-selling funds.Part VII. When the Music StopsThen came the Wall Street bailout, appointing Geithner to Treasury to replace Paulson (who pillaged the Treasury on his way out of town), Dodd-Frank which does nothing but order a bunch of studies. Soon, everyone is so wrapped up in trying to figure out what the rules are going to be that no one is able to move forward with any action.Chapter 17: Media Interest after the Financial Crisis. When the financial crisis hits the markets, I am doing radio interviews every month. In September, Matt Taibbi interviews me for the Rolling Stone magazine article that would be quoted extensively because he called Goldman Sachs a ""great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."" In 2013, Forbes was still referencing that article. The Daily Show produces a segment on short selling that gets attention as far up as the White House daily briefing.Chapter 18: CMKM and the UnShareholders. A diamond mining firm, CMKM, orders a ""cert pull"" to get all the company's shares out of the DTC. It reveals how many phantom shares are in circulation as a multitude of investors – dubbed the UnShareholders – are left holding the empty bag. Brokers begin deleting share positions as they stop returning calls to angry customers around the world, including several active-duty members of the military stationed overseas. But the evidence is there: brokers assigned phantom shares to their most vulnerable customers while getting real certificated-shares for themselves and favored clients. Before it shuts down, the UnShareholder project reveals the same circumstances applied to over 100 investors for 21 more companies across 15 brokerage firms. Launched June 9, 2008; closed in 2010. The investors were located throughout the US and in 5 other countries on three continents. In 2007, shareholders in British Columbia (Canada) sue their broker for refusal to provide certificates for shares shown in their account. The same day it was filed, it went directly before B.C. Supreme Court Justice H. Groberman, who ordered Canaccord to provide the share certificates ""without delay.""Chapter 19: Two Documentary Films. Sandra Mohr's Stock Shock is first out of the blocks among several films, including a few big Hollywood productions that would make the connection between failures in supervision, regulation and post-trade processing and the 2008 collapse of global capital markets. ""The bad guys won."" I am interviewed for the documentary Wall Street Conspiracy in July. When the stock market crashes in September, the producers invite me back to explain the connection with what I told them 2 months earlier. The transcript of that interview is included in this chapter.Part VIII. The Tragedy of a Downer EndingChapter 20: GAO Faults SEC and Other Revelations. In 2009, GAO would fault SEC for ignoring thousands of ""NSS"" complaints. My interview with the GAO is included in this chapter. The deeper tragedy is that so many companies lost access to the capital that is a keystone on US capital markets. Of the three companies highlighted in this book, Eagletech folded in 2006, CMKM held on until 2019 (as NHHI). Only Barker Minerals remains a functioning business despite the fact that the shares ceased trading after they could no longer afford to have financial statements produced by an external auditor.Chapter 21: Barker Minerals' Unique Approach. A Canadian mining firm, Barker Minerals Ltd. approached me in 2010 for help with a strategy they developed to ferret out which brokers were failing to deliver their stock for settlement. In contrast to denouncing short sellers, which was the basis for most complaints in the US, Barker called their analysis the ""Pro Long Strategy"" for its emphasis on protecting and supporting long-term shareholder investments. Barker Minerals continues in operations today, primarily using personal funding after the stock ceased trading on 5 April 2019.Part IX. Unresolved Regulatory CrisisFor decades, investors have settled for a small rate of return in their investment accounts, while the companies holding their money have earned trillions of dollars in income. If there is one lesson learned from my experiences over the last 15 years, it is that even a disorganized protest is still a protest. A small but vocal group of investors and entrepreneurs can shake up the system at least enough to get some transparency. The financial sector has lost its moral compass. Investors and entrepreneurs are on their own when they venture into US capital markets. They have to protect themselves and the wealth they hope to accumulate to ensure the future.

Today’s “machine-learning” systems, trained by data, are so effective that we’ve invited them to see and hear for us—and to make decisions on our behalf. But alarm bells are ringing. Recent years have seen an eruption of concern as the field of machine learning advances. When the systems we attempt to teach will not, in the end, do what we want or what we expect, ethical and potentially existential risks emerge. Researchers call this the alignment problem.Systems cull résumés until, years later, we discover that they have inherent gender biases. Algorithms decide bail and parole—and appear to assess Black and White defendants differently. We can no longer assume that our mortgage application, or even our medical tests, will be seen by human eyes. And as autonomous vehicles share our streets, we are increasingly putting our lives in their hands.The mathematical and computational models driving these changes range in complexity from something that can fit on a spreadsheet to a complex system that might credibly be called “artificial intelligence.” They are steadily replacing both human judgment and explicitly programmed software.In best-selling author Brian Christian’s riveting account, we meet the alignment problem’s “first-responders,” and learn their ambitious plan to solve it before our hands are completely off the wheel. In a masterful blend of history and on-the ground reporting, Christian traces the explosive growth in the field of machine learning and surveys its current, sprawling frontier. Readers encounter a discipline finding its legs amid exhilarating and sometimes terrifying progress. Whether they—and we—succeed or fail in solving the alignment problem will be a defining human story.The Alignment Problem offers an unflinching reckoning with humanity’s biases and blind spots, our own unstated assumptions and often contradictory goals. A dazzlingly interdisciplinary work, it takes a hard look not only at our technology but at our culture—and finds a story by turns harrowing and hopeful.

From the creators of the theory of ethical blindness comes an investigation into how corporate scandals happen, revealing the common pattern behind them and how your organization can avoid themToo often, the stories of corporate scandals are narrated like Hollywood movies in which once-celebrated CEOs are unmasked as sociopaths and ultimately convicted for their crimes. What we fail to realize, however, is that most bad things are done by average people with honorable values and without bad intentions.In The Dark Pattern, two experts in business ethics and decision-making challenge the conventional view that corporate misconduct happens because of a handful of bad actors. Instead, the book shows how entire organizations can fall off the moral cliff because good people become ethically blind.Drawing on the latest insights from behavioral science, the authors identify nine toxic elements that lead to corporate scandals and offer nine actionable lessons for building morally resilient organizations. Essential reading for business leaders, The Dark Pattern offers real-world guidance for defending companies against the subtle dynamics of moral erosion.

Available open access digitally under a CC-BY-NC-ND license. The ‘sharing economy’, powered by companies like Airbnb, Uber and Deliveroo, promised to revolutionize the way we work and live. But what changes have come about, and why?This book shows how platform capitalism is not only shaped by business decisions, but is a result of struggles involving social movements, consumer politics and state interventions. It focuses in particular on the controversial tactics used by platform giants to avoid regulation.Drawing on cutting-edge research and analysis, the book provides a critical overview of the struggles around platforms, examines platform power, and reflects on the different possible futures of the platform economy.

We say we can no longer trust our public services, institutions or the people who run them. The professionals we have to rely on - politicians, doctors, scientists, businessmen and many others - are treated with suspicion. Their word is doubted, their motives questioned. Whether real or perceived, this crisis of trust has a debilitating impact on society and democracy. Can trust be restored by making people and institutions more accountable? Or do complex systems of accountability and control themselves damage trust? Onora O'Neill challenges current approaches, investigates sources of deception in our society and re-examines questions of press freedom. 2002's Reith Lectures present a philosopher's view of trust and deception, and ask whether and how trust can be restored in a modern democracy.

SHORTLISTED FOR THE BUSINESS BOOK AWARDS 2021In The 4 Day Week, entrepreneur and business innovator Andrew Barnes makes the case for the four-day work week as the answer to many of the ills of the 21st-century global economy. Barnes conducted an experiment in his own business, the New Zealand trust company Perpetual Guardian, and asked his staff to design a four-day week that would permit them to meet their existing productivity requirements on the same salary but with a 20% cut in work hours. The outcomes of this trial, which no business leader had previously attempted on these terms, were stunning. People were happier and healthier, more engaged in their personal lives, and more focused and productive in the office.The world of work has seen a dramatic shift in recent times: the former security and benefits associated with permanent employment are being displaced by the less stable gig economy. Barnes explains the dangers of a focus on flexibility at the expense of hard-won worker protections, and argues that with the four-day week, we can have the best of all worlds: optimal productivity, work-life balance, worker benefits and, at long last, a solution to pervasive economic inequities such as the gender pay gap and lack of diversity in business and governance. The 4 Day Week is a practical, how-to guide for business leaders and employees alike that is applicable to nearly every industry. Using qualitative and quantitative data from research gathered through the Perpetual Guardian trial and other sources by the University of Auckland and Auckland University of Technology, the book presents a step-by-step approach to preparing businesses for productivity-focused flexibility, from the necessary cultural conditions to the often complex legislative considerations.The story of Perpetual Guardian's unprecedented work experiment has made headlines around the world and stormed social media, reaching a global audience in more than seventy countries. A mix of trenchant analysis, personal observation and actionable advice, The 4 Day Week is an essential guide for leaders and workers seeking to make a change for the better in their work world.

Economics has the power to make the world a better, happier and safer place: this book shows you howOur world is in a mess. The challenges of climate change, inequality, hunger and a global pandemic mean our way of life seems more imperilled and society more divided than ever; but economics can help!From parenting to organ donation, housing to anti-social behaviour, economics provides the tools we need to fix the biggest issues of today. Far from being a means to predict the stock market or enrich the elite, economics provides a lens through which we can better understand how things work, design clever solutions and create the conditions in which we can all flourish.With a healthy dose of optimism, and packed with stories of economics in everyday situations, Erik Angner demonstrates the methods he and his fellow economists use to help improve our lives and the society in which we live. He shows us that economics can be a powerful force for good, awakening the possibility of a happier, more just and more sustainable world.

WINNER: 2023 Goody Business Book Awards - Business - EnvironmentSHORTLISTED: Business Book Awards 2024 - Change & Sustainability CategoryFINALIST: Next Generation Indie Book Awards 2024 - Social ChangeIn the face of our climate emergency, we desperately need solutionists working to fix the future. This is your handbook for becoming the leader that the world needs.The Solutionists sets out what it takes to join the new generation of entrepreneurs, CEOs and leaders transforming business to create a more sustainable society. Using a change blueprint, this book coaches you through the steps, mindsets and strategies that will put your organization at the forefront and take personal ownership of sustainability solutions.With an inspiring selection of stories from leading entrepreneurs and organizations, this book illustrates how sustainability solutionists are paving the way to solving the biggest crisis our planet has ever faced whilst driving business innovation and growth. Including plant-based food sources, net-zero technologies and circular platforms, these stories demonstrate how sustainable disruption can transform your business, regardless of size or industry.Solitaire Townsend has been inspiring the world's top brands for over two decades and, along with some of the world's leading solutionists, she invites you to join the answer activists and grow your business while co-creating a better world.