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quote:
It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees. [MOD CUT/copyright violation]
uhmmm actually those ARE trade secrets. This is a reach to create a phony scandal. I highly doubt its about their life insurance.
What is a trade secret?
Looks like they were able to find some of the information they requested in the public domain.
This is what they requested. I don't see why this would be considered a trade secret. Certainly, anything too personal could simply not be included.
quote:
Given the above set of facts, on March 21 of this year, we wrote to the regulator of national banks, the Office of the Comptroller of the Currency (OCC), seeking the following information under the Freedom of Information Act (See OCC Response to Wall Street On Parade’s Request for Banker Death Information):
How is a life insurance policy on your employees a "trade secret" ?
Because it can represent the value that a company placed upon a employee, and help define what sort of compensation would lure them away from their current employer.
Because it can represent the value that a company placed upon a employee, and help define what sort of compensation would lure them away from their current employer.
That is a stretch and I didn't see anything that specific in the request.
That is a stretch and I didn't see anything that specific in the request.
Go read the article.
Bottom line is anything dealing with employee compensation or valuation is a trade secret. Keep in mind the type of company we're talking about here, this isnt someone who is making 100K, this is someone being paid millions. At that level these things are in fact very confidential.
Bottom line is anything dealing with employee compensation or valuation is a trade secret. Keep in mind the type of company we're talking about here, this isnt someone who is making 100K, this is someone being paid millions. At that level these things are in fact very confidential.
I did read it. I just posted a pdf of the letter they sent for the request. I don't see that kind of specific data being requested.
Now it did cast what could be considered a wide net on some data, but not what you mentioned. That wide net simply is a grey area, since they are fishing in a large sea and I could understand being careful about personal information being included there. But that would mean just don't include certain things.
I did read it. I just posted a pdf of the letter they sent for the request. I don't see that kind of specific data being requested.
Now it did cast what could be considered a wide net on some data, but not what you mentioned. That wide net simply is a grey area, since they are fishing in a large sea and I could understand being careful about personal information being included there. But that would mean just don't include certain things.
Do you have any concern for the fact that your chosen thread title has nothing to do with the story you linked? It's not the deaths that are claimed to be trade secrets, it is the value of insurance the banks are carrying on certain employees. It's not employee compensation, because the death benefit goes to the bank, not the survivors of the dead employees, but it is part of the financial arrangements and assets of those banks.
Why should it be public?
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