Episode 82: Corporate Cheating - Boeing, VW and Wells Fargo
Release Date: 05/11/2024
The Y in History
Stalin micromanaged his daughter and she ended up defecting to the US. Ferdinand Marcos Jr. though won the Presidential Office his dictatorial father held, via a democratic election. Mao's children mostly died young.
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Tibetan Empire reached its zenith under Songtsen Gampo's descendant Tri Song Detsuen in 755 AD who expanded Tibet politically and economically and promoted Buddhism to bring the nation together. However, about a century after him, the empire collapsed and Tibet entered its traditional "dark age." The Mongols conquered Tibet in 1244 but let the local Buddhist leaders manage the administrative affairs and Tibet gradually eased into a Theocracy as the Dalai Lama was acknowledged as the Spiritual Head. In 1950, China, looking for a buffer zone between itself and India, invaded Tibet.
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Boeing hid information regarding the MCAS software from its 737-Max flying manual to short circuit the certification. Boeing's cheating cost 346 lives across 2 plane crashes. Volkswagen had a cheat device software in its diesel cars to circumvent the NOX level requirememts in the US and the EU. Wells Fargo opened millions of bank accounts without customer consent. Is there a pattern across these three cheating scandals?
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Putin was a working class outsider who rose through the ranks to the Country's top job. Once at the top, Putin consolidated his position by eiminating opposition and giving Russia a strategic economic advantage. Xi was a Princeling who ended up on the wrong side during Mao's time. But Xi believed in Mao and came back, aspiring to be Mao 2.0
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The West Indies emerge as a force in Cricket as Frank Worrell leads the team to Australia in 1960. South Africa is banned from International Cricket in 1970 due to apartheid. Kerry Packer becomes a major disruptor in International Cricket as he signs up top players for World Series of Cricket.
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Cricket was spread by England through its Colonies. But it needed stars like WG Grace to make it popular enough to become a spectator sport. The England-Australia rivalry led to the Ashes Trophy and containing Aussie star, Don Bradman, led to the infamous Bodyline series between the two sides.
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JFK is assassinated as his convoy drives through Dallas, bringing the US and the rest of the world to a stunned standstill. Egypt's Anwar Sadat is assassinated while inspecting a parade. But Congo's Patrice Lumumba is made to disappear in the most barbaric manner.
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Railway tycoon Leland Stanford lived in Santa Clara Valley and founded Stanford University in 1891. Another prominent Stanford University figure, Frederick Terman. invested heavily in businesses that would base themselves in the area and employ talented young people. One such business was the original start-up, an electrical company started in a garage by Stanford alumni William Hewlett and David Packard, Hewlett-Packard. The beginning of Silicon Valley as an epicenter of innovation began in 1955 with the arrival of the Shockley Semiconductors Laboratory. Another revolutionary point was...
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In 1914, American Marines rob Haiti's National Bank of $500,000 in Gold Reserves at th ebehest of the National City Bank. Wall Street looks to topple FDR and replace him with a business friendly Dictator. United Fruit, now Chiquita engineers the ouster of the democratically elected Jacobo Arbenz in Guatemala.
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Strategic mistakes in the Russia-Ukraine relationship or a leadership vision that led to lasting impact. This episode evaluates patterns that emerge from the learnings we've had across the previous 74 episodes. Impact from the whims of a deranged leader or the ego trip of two super powers. Some interesting patterns emerge as we traverse history.
info_outlineBoeing hid information regarding the MCAS software from its 737-Max flying manual to short circuit the certification. Boeing's cheating cost 346 lives across 2 plane crashes.
Volkswagen had a cheat device software in its diesel cars to circumvent the NOX level requirememts in the US and the EU.
Wells Fargo opened millions of bank accounts without customer consent.
Is there a pattern across these three cheating scandals?