Guilty. Garth Peterson, a former real estate investment managing director for Morgan Stanley was sentenced to nine months in prison on August 16th, 2012 for violations of the anti-bribery laws under the U.S. Foreign Corrupt Practices Act (FCPA). Peterson plead guilty to conspiring to evade internal accounting controls which were maintained by his former employer, [...]
One employee. The trial of former UBS employee, Kweku Adoboli begins in London today, providing another example of how a violation of one employee has the potential to impact an entire company. The trial is expected to last eight weeks with the potential to expose the UBS company culture and business practices. Both current and [...]
Xcelus will be presenting October 25th during the Sponsored Lunch & Learn Sessions. Presentation Details: Your Audience Has Changed… Shouldn't Your Training Change as Well? Join Xcelus for a walk down memory lane to see how the labor market has changed and how learning technology has evolved. By 2020, 50% of the labor force will be from [...]
Avoid FCPA Investigations. Many companies ask what can be done to avoid the increasing long arm of the U.S. law enforcers who are vigorously pursuing violations of the FCPA. The short answer: train employees to eliminate corruption. The long answer: set up an effective legal framework aimed to combat corruption with comprehensive policies and [...]
The basis for the A&E television show The First 48 is an excellent metaphor for creating videos for training. The short description for the popular television show is as follows: “For homicide detectives, the clock starts ticking the moment they are called. Their chance of solving a case is cut in half if they [...]
Yes! Compliance training is absolutely necessary. In the midst of violations of the Foreign Corrupt Practices Act (FCPA), both the U.S. Department of Justice and the Securities and Exchange Commission determined not to pursue charges against Morgan Stanley because of the company’s robust compliance program. Allegations of fraud were committed by one of Morgan Stanley’s managing [...]
Xcelus has received the 2012 Silver Stevie Award for their Code of Conduct training video. Xcelus was recognized for its creativity and production quality. The training video developed by Xcelus was part of Life Technologies annual code of conduct employee training. “It is a great honor to be recognized for excellence for our training [...]
Xcelus Online Training Video Recognized as One of This Year's Best Training Videos Xcelus, LLC, a leading provider of online training videos, was announced as a finalist in the Video category in The 2012 American Business Awards, and will ultimately be a Gold, Silver, or Bronze Stevie Award winner in the program. The training video [...]
Xcelus will be in Denver for the ASTD 2012 International Conference and Exposition.
