You Lost Your Boss's Trust. Now What?
My client, Alex, never meant for his boss to see the email. It was a moment of frustration after a demoralizing team meeting in which his ideas were dismissed, yet again. So he vented to a colleague, 'I swear she shoots down anything that doesn't come from one of her 'favorites.'' He continued, 'It's exhausting trying to prove I belong.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Morgan Stanley's client-screening faces deeper FINRA probe, WSJ reports
(Reuters) -The U.S. Financial Industry Regulatory Authority (FINRA) is investigating Morgan Stanley over how the firm screened clients for money-laundering risks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The probe examines client vetting, risk rankings and related practices across the Wall Street bank's wealth-management and trading operations from October 2021 through September 2024, the report said. FINRA, a non-governmental self-regulatory organisation that oversees U.S. broker-dealers under federal law, is seeking information on U.S. and international clients across Morgan Stanley's wealth unit, including E*Trade, and its institutional securities division, according to the Journal. The regulator has also requested organisational charts, reporting lines and details on the firm's client risk-scoring tool, the report added. Some employees raised concerns that the initial data sent to FINRA was incomplete or inaccurate, prompting the bank to provide additional information after the regulator flagged gaps, the Journal said. A Morgan Stanley spokesperson told the Wall Street Journal the bank has made significant investments in its anti-money-laundering and client-vetting programmes, adding that such regulatory reviews are not unique to the bank and do not indicate problems with its business or controls. Reuters could not independently verify the report. FINRA declined to comment, while Morgan Stanley did not immediately respond to a request for comment. FINRA fined Morgan Stanley $10 million in December 2018 for anti-money laundering compliance failures over a five-year period. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
12 minutes ago
- Bloomberg
Property Tax Hike Likely in 2026 Budget: Chicago CFO
Chicago Chief Financial Officer Jill Jaworski says the city will likely seek to raise property taxes to address next year's budget deficit. She spoke to Bloomberg's Romaine Bostick in a wide-ranging interview at a Bloomberg New Voices event in Chicago. (Source: Bloomberg)
Fox News
14 minutes ago
- Fox News
House hearing examines millions of dollars' worth of improperly documented VA incentive payments
Jen Kiggans, R-Va., led a hearing on Tuesday to discuss millions of dollars' worth of incentive payments distributed by the Department of Veterans Affairs (VA) that were improperly documented. Kiggans, at the House Committee on Veterans' Affairs Subcommittee on Oversight and Investigations hearing, said incentive payments for recruitment, relocation and retention have lacked oversight for years, according to a news release from the House Committee on Veterans' Affairs. "They call it the three Rs, which are recruitment, retention, and relocation," Chris Lovell, a retired Marine Corps Major and CEO of veteran-owned Lovell Government Services, described to Fox News Digital. "It gives additional pay to folks… to keep them and retain them, especially if they have specialty vocations that the VA needs." A recent audit found that between 2020 and 2023, VA payments for relocation grew by 85%, retention payments grew by 131%, and recruitment payments increased by 237%. A total of $1.2 billion worth of incentive payments were given to employees during that period, but $341 million of those were not properly documented, according to the committee. The audit discovered that in one instance, the Veterans Health Administration awarded $30,000 in relocation payments to an employee who never moved, the release noted. Lovell, whose Florida-based business provides resources to the VA, said that this has been an ongoing problem. A 2017 report found improper payments from the VA totaled over $158 million in unsupported spending, according to the release. These documentation issues could be mitigated if the agency improved its management and upgraded its outdated system, Lovell said. The Defense Civilian Pay System, used by both the Department of Defense and the VA, was created more than 30 years ago. "It's a two-pronged approach to cleaning up what's perceived as fraud and waste," he said. "If [management says] they want to clean up erroneous payments or payments without documentation, then they need to supervise that. … And the second piece of that improvement process… is the system." However, Lovell said that the VA is doing "great things" for veterans on a daily basis. "We're happy to be a part of that," he said. In an email, a spokesperson for the VA referred Fox News Digital to the agency's testimony at the hearing. The VA currently has around 482,000 employees, the majority of whom work in the Veterans Health Administration, according to its website. Earlier this year, the Department of Government Efficiency found the VA had paid hundreds of thousands of dollars a month for website changes before canceling the contract and having an internal staffer take over. While combing through loads and loads of data, DOGE discovered a previous contract by the VA for its website maintenance. "Good work by @DeptVetAffairs," DOGE said in a post on X. "VA was previously paying ~$380,000/month for minor website modifications. That contract has not been renewed, and the same work is now being executed by 1 internal VA software engineer spending ~10 hours/week."
