Mexico

HSBCAccording to lawsuits by two of her former subordinates, during her time as a senior vice-president and head of business development for North America, Eileen Hedges told another one of her subordinates, 27 year-old “Jane Doe,” to:

  • Dress provocatively on the job
  • “…have sex with male HSBC executives and clients at company-sponsored events”
  • Specifically, “have sex with an unnamed senior executive at the bank’s Mexico unit”

The boss of the year also allegedly:

  • “…falsely told co-workers that Doe was having sex with clients when they traveled to bank functions outside the U.S.”
  • “…told Doe about her own alleged extramarital affairs with HSBC executives.”1
  • “… attempted to pull down Doe’s blouse and expose her breasts in the presence of male HSBC employees.”

And the reason we now know all this is because, naturally, the subordinates who filed the lawsuits were (supposedly!) retaliated against by Hedges after complaining that her demeanor on the job was slightly less than professional. Read more »

“A couple of weeks ago, I visited Mexico City—one of my favorite cities in the world. It’s a remarkable place, not least because of the food, the museums, and the culture, but also because of the incredible economic changes taking place in Mexico right now—both in the capital and all around the country. Every time I visit, I think the same thing: if I were starting my career, especially if I lived in a nation where I couldn’t explore my full potential, I’d try my luck in Mexico. Why? Because Mexico is finally beginning to unlock its true potential as an economic powerhouse.” [BI]

Right now we’re at a dozen (and counting). Read more »

We’ll soon find out because a movie involving all that and more (depression, Mexico, murder) is actually being produced. Read more »

As you may have heard, last night President Obama gave his State of the Union address, in which he mentioned China a couple of times. This, legendary businessman Donald Trump says, “was the low point of the speech.” While Trump pretty much hated the entire thing (there was “no substance whatsoever” and he “didn’t hear anything about all these states that are going to go bankrupt”), it was the China stuff that really grinded his gears. “Totally inappropriate,” the bankruptcy expert told Joe Kernan and Becky Quick this morning on Squawk Box. “What’s up with you and China? What got your dander up,” Joe asked, hoping to lighten the mood. “Did they tell you you couldn’t build a golf course over there or something?” Unfortunately, Donald was in no mood for jokes. Not when it comes to China, or the suggestion anyone tells him where he can and cannot build golf courses. Read more »

Pop quiz: you’re a 62 year-old financial services executive and you’ve been convicted of fraud, money laundering and conspiracy for your role in a $2.9 billion fraud and sentenced to 25 years in prison, not to mention ordered to pay $2.38 billion. Do you a) sit around moping in your home in the deceptively named town of Carefree, Arizona, waiting to be hauled off to the big house or b) say fuck it, flee to Mexico, and have yourself declared a fugitive? If you’re Rebecca Parrett, pictured, you’re gonna go with the answer b.

Moving along in the scenario, what do you do when you get there? Lay low, for a while? Not draw attention to yourself? Or live it up while you still can? Again, being Parrett, who’s been married 6 times, you go with door number two, which involves facelifts (as you have a 7th husband to bag) and dancing your ass off. Read more »

  • 12 Aug 2009 at 11:17 AM

If Your Coke Smells A Little Oily, Now You Know Why

bloodll.jpgOne sort of expects the phrases “smuggling” “drug cartel” “corruption” to include the word “Mexico” as well. Until now the addition of “oil smuggling” wasn’t really the sort of thing you expected. Until now.

The U.S. government is investigating whether several U.S. companies took part in a cross-border scheme to siphon oil products from Mexico’s state oil company and smuggle them across the border.
The probe is part of a broader two-year joint U.S.-Mexican investigation into a network of Mexican oil smugglers supported by the Gulf drug cartel, one of Mexico’s most powerful and brutal criminal organizations.

What really interests us, however, is how many U.S. based drug smuggling operations may have violated the Foreign Corrupt Practices Act while dealing with crooked executives at Petroleos Mexicanos.
U.S. Firms Probed in Mexico Oil Scam [The Wall Street Journal]