corruption

Russia continues to offer great rewards and great challenges for its wealthy. The process of getting rich, however, is different to the process of staying rich. The fourth annual UBS/Campden Wealth report, Russia’s Wealth Creators, highlighted corruption, too much regulation and the greater need, but limited ability, to secure qualified management and staff, as the key challenges facing Russia’s entrepreneurs. These particular challenges have grown dramatically in importance when compared to last year’s survey.

The most telling moment when Lance Armstrong gave his mea (sort of) culpa to Oprah Winfrey was his claim that he’d looked up the word “cheat” in the dictionary, saw that it said “to gain an advantage on a rival” and decided that it didn’t apply to him.

Everybody was blasted to the eyeballs on EPO, ergo he was just keeping up. It’s reminiscent of the philosophy of Hugh Laurie’s Doctor Gregory House, whose catchphrase is the self-serving: “Everyone lies.”

Ferdinand Piech, Volkswagen AG Chairman and grandson of Porsche founder Ferdinand Porsche, has testified to a German court that he didn't know about any payments made to labour leaders when he was CEO between 1993 and 2002.

The trial centres around former VW manager Klaus-Joachim Gebauer and ex-labour leader Klaus Volkert. Volkert is charged with demanding illegal bonuses while Gebauer is accused of breach of trust for reportedly organising these payments.