November 22, 2020

Ex-Wells Fargo CEO John Stumpf misled investors in accounts scam: SEC

first_imgJohn Stumpf, chief executive officer of Wells Fargo & Co., waits to begin a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept. 29, 2016.Andrew Harrer | Bloomberg | Getty Images Wells Fargo was later found to have inflated that metric by putting millions of customers into products without their consent, a scandal that cost Stumpf his job in 2016 and even that of his successor Tim Sloan. Current CEO Charlie Scharf took over a year ago and has been tasked with overhauling the fourth biggest U.S. bank and satisfying regulators’ demands for better controls.“If executives speak about a key performance metric to promote their business, they must do so fully and accurately,” said Stephanie Avakian, director of the SEC’s Division of Enforcement.The SEC’s complaint, filed in California, charges Tolstedt with fraud and seeks penalties and to ban her from being an officer or director of a public company.- Advertisement – Ex-Wells Fargo CEO John Stumpf and former deputy Carrie Tolstedt were charged by the Securities and Exchange Commission with misleading investors about the bank’s success in selling multiple products to customers.Stumpf agreed to pay a $2.5 million civil penalty to resolve the matter, allowing him to avoid admitting or denying the charges, the SEC said Friday.The two executives had certified in 2015 and 2016 investor disclosures that touted the firm’s supposedly robust “cross-sell” metric, despite knowing it was misleading, the SEC said in a statement. The metric is an industry term for how many products a single customer has.- Advertisement – According to the SEC’s complaint, Tolstedt publicly endorsed the firm’s vaunted cross-sell metric from 2014 through 2016, despite the fact that it was “inflated by accounts and services that were unused, unneeded, or unauthorized.”In an e-mailed statement, Tolstedt’s lawyer Enu Mainigi called his client “an honest and conscientious executive.”“It is unfair and unfounded for the SEC to point the finger at Ms. Tolstedt when her statements were not only true but also thoroughly vetted by others as part of Wells Fargo’s policies, procedures and systems of controls,” Mainigi said. “Ms. Tolstedt acted appropriately, transparently and in good faith at all times.  We look forward to setting the record straight and clearing her name.”Earlier this year, Wells Fargo paid $3 billion to settle several U.S. probes into its operations, including a $500 million deal with the SEC. The regulator said it will distribute money collected from Stumpf and the bank to investors.center_img – Advertisement – – Advertisement –last_img read more

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USDA reports second inconclusive BSE test

first_img The second inconclusive test came 4 days after the first one was announced Jun 25. A USDA laboratory in Ames, Iowa, is now doing confirmatory testing of tissue samples from both cattle. Because the additional tests could rule out BSE, the agency has not disclosed where the cattle came from, where the screening tests were done, or any other details. Jun 30, 2004 (CIDRAP News) – Another inconclusive result on a rapid screening test for bovine spongiform encephalopathy (BSE) was announced late yesterday afternoon by the US Department of Agriculture (USDA). “The inconclusive result does not mean that we have found another case of BSE in this country,” said Dr. John Clifford, deputy administrator of the USDA’s Animal and Plant Health Inspection Service (APHIS), in a prepared statement. Repeating comments he made in announcing the previous inconclusive test, he added that screening tests are designed to be extremely sensitive and some inconclusive results are expected. “USDA remains confident in the safety of the US beef supply,” Clifford said. He said the exclusion of specified risk materials—tissues most likely to contain the BSE agent in an infected cow—from the food supply would protect the public if more cases of BSE were found. “The carcass has been accounted for and is not in the food supply,” Clifford said. The USDA’s National Veterinary Services Laboratory in Ames is conducting the confirmatory tests, and results in the second case are expected in 4 to 7 days, Clifford said. He promised to provide more information about the animal and its origin if the test comes back positive. Clifford said the USDA would hold a technical briefing on the BSE testing program later today. The use of rapid screening tests began with the expansion of USDA’s BSE surveillance Jun 1 as a result of the discovery of a single case of BSE in Washington state last December. The agency plans to screen more than 200,000 cattle over the next 12 to 18 months to assess the existence or prevalence of BSE in US herds. BSE screening tests were conducted on 8,585 cattle in the first 4 weeks of the expanded surveillance program, according to APHIS figures.last_img read more

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Feds change plan for reporting avian flu in wild birds

first_imgNov 3, 2006 (CIDRAP News) – Because federal officials expect to keep finding low-pathogenic H5N1 avian influenza viruses in wild birds, they recently announced a new procedure for reporting the findings: posting them online but not issuing news releases.Since August the US Department of Agriculture (USDA) and Department of the Interior (DOI) have announced 12 avian flu detections as part an expanded wild bird monitoring program, and all have been low-pathogenic forms, which pose no human health risk.Low-pathogenic avian flu viruses often occur naturally in wild birds and cause only minor sickness or no noticeable disease. However, low-pathogenic strains sometimes mutate into deadly strains.In an Oct 26 news release, the USDA and DOI said they expected to find additional cases of the low-pathogenic “North American” strain of H5N1 in wild birds in coming months. The agencies said they would list all routine detections on the National Highly Pathogenic Avian Influenza Early Detection System (HEDDS) (see link below). The USDA will also include a link to the list on its Web site.In unusual cases, such as a large number of sick or dead birds or a finding that suggests a highly pathogenic virus, the agencies will issue a news release or hold a technical briefing to alert the media and public, officials said.Since the USDA and DOI switched to online reporting of low pathogenic cases, there have been four new reports of such findings in wild birds. They include mallard ducks killed by hunters in St Claire County, Mich., Grundy County, Ill., and Niagara County, N.Y., and a green-winged teal killed by a hunter in Tuscola County, Mich. Confirmatory testing is underway in all four instances.As they announced the new reporting protocol, the federal agencies said avian flu had been ruled out in a previously announced suspected case in Ohio. In mid October the agencies reported finding H5 and N1 avian flu proteins in apparently healthy ducks in Ottawa County. However, the Oct 26 announcement said confirmatory testing revealed no H5 or N1 subtypes, and no virus could be grown.The USDA said it’s not unusual for a specific subtype to be identified in initial screening tests but not be isolated in confirmatory testing.last_img read more

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Orioly is looking for a Content Marketing Manager

first_imgStart-up company Orioles, which has created excellent software that aims to help tour business owners and guides to more easily run their business, tours and departures in one place and easily sell their offer via the web, is looking for Content Marketing Manager.As they point out from Orioly, they are looking for a creative and proactive person who will change with them the way small tour and activity organizers run their business and sell online. Trust me, they think seriously and have a great product. Below I convey what and how to become a new bird in their flock.We want to strengthen our marketing team with the person who will be in charge of content marketing.A little about us and “our car”For those who don’t happen to know? …Orioly is a modern cloud application for small tour and activity organizers that speeds up and simplifies their business flow, helps increase online sales and automates online marketing. The result is: tour and activity owners sit and watch online reservations fall from the sky! ?We have regular foreign clients we love to work for and can’t wait to expand our team with a new member who will enjoy developing online content and marketing activities for the purpose of gaining new clients.Do you want to work in a dynamic and relaxed team and participate in the development of our brand? You write great and are you a creative person? Is the theme of the trip great for you?Excellent. What are you waiting for? Contact us at ivan@orioly.com and we are going to create a new exciting story together.We are looking for a person who will:create quality content on our website and blog (copywriting)develop the content of the onboarding process by which we teach our users how to use the applicationWrite content for email marketingDevelop a marketing strategy and online promotion plancreate presentation content for larger partnersdesign unique content for social networksproactively study new trends in tourism promotion and together with all team members develop the Orioly brand platformThe person we will hire will work exclusively on the Orioly project. So there is no agency job. Only and only Orioly!What do we expect from the person we will hire?One needs to know what copywriting isHe has excellent English in speech and writingHe has a high level of literacyHe knows how to write articles for SEOHe knows the basics of PhotoshopHe has experience planning marketing activities on various online channelsWorking for quality presentations at Powerpoint is a bonusWorking with tools like Mailchimp, Intercom, Adobe Premier are a bonusKnowledge of social media profile management is a bonusShe must be a positive, proactive person who will be willing to learn new trends in online marketingWhat do we offer?Dynamic environment, young and relaxed team (average age – 28)Flexible working hoursContinuing education (expect to have one “learning” task in each two-week cycle)Free online education and literature on requestPossibility to visit foreign fairs and start-up eventsWorking with super interesting clientsA positive and creative environment in the Technology Park Zagreb where a bunch of young people are working diligently on their ideasSend us your resume and LinkedIn profile at ivan@orioly.com and let’s go create a new super start-up story together!Related news: CROATIAN TRAVEL AGENCIES URGENTLY NEED TECHNOLOGICAL PROGRESSlast_img read more

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New promotional video of Baška from the island of Krk

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This year, the e-visitor system recorded, from 01.01. to 30.11.2017. in the area of ​​the Municipality of Baška, a total of 171.711 arrivals and 994.436 overnight stays. Compared to last year, the number of arrivals increased by 5,51%, and the number of overnight stays by 4,68%, which speaks of a record tourist season in Baška on the island of Krk.The largest number of overnight stays was realized in households with 451.090 (+ 4%), followed by camps with 268.269 overnight stays (+ 2%), hotels with 203.050 overnight stays (+ 8%) and other catering facilities with 72.027 overnight stays (+ 9%) .According to the tourist achievement, at the level of Kvarner, Baška ranks 6th and is among the top 10 destinations, just behind the city of Opatija and thus occupies the position of the municipality with the best tourist results in 2017 at the level of PGC. ” This season has shown how the image of Baška as a bathing destination has developed into something much more, a destination that offers fun and activities for everyone.”Point out the Tourist Board of Baška and add that a lot of energy was invested in the formation of popular events such as 4 Islands MTB Stage Race, Black Sheep, Baška Outdoor Festival, etc., which ensured great interest of visitors to Baška and out of the main summer season. tourist season to remember.And the record tourist season deserves a new promotional video of the municipality of Baška, which you can see below in the attachment. Share it and show it to your guests and thus create a buzz on social networks, which will generate free marketing, and thus perhaps to a new guest in your destination and accommodation. You see how everything is connected, right?last_img read more

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CNTB in Dalmatia organizes a business workshop for nautical and study trips of foreign agents

first_imgThe Croatian National Tourist Board in the Split-Dalmatia County is organizing a business workshop Buy Croatia NAUTIKA, which will be held October 4th at the Le Meridien Lav hotel in the Brač hall.This is a specialized B2B business workshop in which foreign participants will be presented with the offer of charter agencies and tourism entities that specialize in nautical tourism.Representatives of 12 charter agencies from the Austrian, Scandinavian, Russian, Polish, French and UK markets will meet at the workshop to discuss business cooperation opportunities with 32 Croatian participants specializing in nautical tourism. In parallel with the workshop, the CNTB points out that they also organize a study trip of foreign agents, which is held from October 1 to 5, which includes a tour of some of the key tourist sites and destinations in the county.last_img read more

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Hvar UHPA’s domestic destination in 2019

first_imgAfter Crikvenica, in 2019 Hvar will be the home destination of UHPA.Recognizing the intensive development and exceptional results and growth of tourist indicators of the destination, as evidenced by this year’s celebration of 150 years of organized tourism, Hvar will be signed as a recommended domestic destination by UHPA in all communication and promotional channels of the association to contribute to even better positioning. recognizability and promotion of the destination through strengthening the tourism sector, point out the UHPA.The official signing of the Marketing Cooperation Agreement with the city of Hvar will take place on Monday, December 10, 2018, in Zagreb,UHPA Days in 2019 will be held in VinkovciUHPA Days is an annual meeting organized by UHPA, the largest national professional association of travel agencies, bringing together more than 150 participants, travel agencies – UHPA members, representatives of the Ministry of Tourism, Croatian Chamber of Commerce, Croatian National Tourist Board, tourism professional associations and other Croatian stakeholders. tourism sector.This is a great opportunity for the whole of Slavonia to present its tourist offer to travel agencies and meet agents and representatives of travel agencies directly on the spot. Thus, 2019 will certainly be a great positive turning point for Slavonia, since the UHPA Days and the Days of Croatian Tourism (Vinkovci, Osijek) will be held in Slavonia.RELATED NEWS:IT’S OFFICIAL! UHPA DAYS 2019 WILL BE HELD IN VINKOVCIlast_img read more

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A round table on foreign labor issues will be held in Split

first_imgThe round table will be attended by companies representing the sector in tourism and trade, which will present to us first hand the real situation in the industry. Representatives of the institutions of the Croatian Employment Service of the Split Regional Office, the Ministry of the Interior of the Split Police Department, the Croatian Pension Insurance Institute, Split Branch Office and representatives of employment agencies from Croatia and Bosnia and Herzegovina will also be present. The primary goal of this round table is to define the broader context of the issue, while participating in a constructive discussion and finding possible solutions through the synergy of the real sector and institutions. Preparations for the new season are in full swing, and the workforce continues to be a problem plaguing many business people. Although labor import license quotas have increased by more than 100 percent this year, to 65.100, and the trade sector is listed for the first time in the distribution of licenses, the search for seasonal workers remains problematic and the number of tourist arrivals and overnight stays is tall. The tourism sector accounts for more than 23 percent of Split-Dalmatia County’s GDP, and the trade sector accounts for more than 18.200 jobs. The Croatian Chamber of Commerce is organizing a round table on “Foreign workforce – challenges and solutions for a successful tourist season.” The round table will be held on February 26 at 11 am in the Croatian Chamber of Commerce – Split County Chamber, and you can send applications via the form HERE.last_img read more

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Industrial: Business Berks

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Image processing

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