The Business Advisor

Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators' allegations that the social platform failed to protect the privacy of users' data over a six-year span. "Twitter obtained data from users on the pretext of harnessing it for security purposes but then ended up also using the data to target users with ads," FTC Chair Lina Khan said in a statements. I am sure that Elon Musk is doing his due diligence to make sure there are no other risk issues with this company as he plans to acquire it.

Then the question goes to us in business. How safe is your client data? Do you have a client data protection plan in place? Every business should have one. Especially tax preparers and CPA firms. They collect all of your family and financial data on you. Ask your accountant if they have a client data protection plan in place? Per the FTC a tax preparer has the same rules on client data protection rules as a bank. Any business should now have a client protection data plan in place.

FTC Statement of Twitter: https://www.ftc.gov/business-guidance/blog/2022/05/twitter-pay-150-million-penalty-allegedly-breaking-its-privacy-promises-again

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In a San Francisco Business Journal article, Sequoia Capital is warning founders of the companies they have invested in to conserve cash and slash spending. The group gave a stark warning for its portfolio companies. Cut costs now. In early May the Menlo Park-based venture firm shared a presentation with its founders in which it warned them of a pending economic downturn that will last much longer and be more severe than what happened at the outset of the Covid-19 pandemic. They said that companies need to tighten their belts.

"Companies who move the quickest have the most runway and are most likely to avoid the death spiral." Sequoia said in its presentation.

"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." the venture firm said in its presentation.

Business Journal Article Link: CLICK HERE

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It's an Easter Sunday. Time for God and the thought of forgiveness. Which starts with you.

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Mediation is the best way to resolve conflicts and disputes, rather then spending a year or more in court.

Pros of Mediation

• They can save time and money. Litigating your divorce, business dispute, workplace conflict, or any kind of dispute/conflict in court could draw out proceedings over a year. Alternative dispute resolution could wrap up your dispute or conflict within days. Even if you hire legal counsel, avoiding trial can help preserve assets, as your legal bills for appearing in court can be substantial.
• They help keep matters private. Litigation becomes a matter of public record. Mediation and arbitration are more likely to maintain your family’s confidentiality.
• They can be less stressful for children. Taking child custody issues to court means leaving decisions up to a judge. The outcome may not be what the children or parents would prefer. A trial is also usually more acrimonious and can leave children feeling caught in the middle or hostile toward both parents.
• Business Disputes Can Be Settled Quickly. Instead of going through the litigation process a business dispute can be worked out, through a mediator, to resolve the conflict. Many times it can keep business flowing and build stronger relationships.
• They allow both parties to retain control over outcomes. In litigation, a judge may resolve your issues in ways that neither you nor your partner like. Mediation and arbitration give you more control.
• They’re not all-or-nothing. You don’t have to resolve 100% of your issues outside of court for mediation or arbitration to make your divorce or separation easier.
• They don’t preclude going to court later. If you can’t work out certain issues in mediation or arbitration, you can take the unresolved matters to court.

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We are seeing the unethical act of wokeness that is driving unethical actions in businesses, churches and schools. This has got to end. Politics is never ethical. Political agenda's through wokeness is never ethical. We need to start teaching more about ethics, and board of directors have got to examine their ethics rules within their organizations. Politics should not be allowed one inch within organizations. Their decisions on how they are going to run their business or cancel out others though social wokeness, must end. It should no longer be tolerated. The more woke the entity, the more unethical behavior.

Ethics is the ability to make decision on what is right or wrong in our human conduct. This is the belief that moral principles is vital in our every day lives. Businesses must start focusing on their ethics and eliminate politics, wokeness, from their operations. Conflict, from unethical actions, is very expensive and can destroy companies from within. I encourage all leaders to review their policies on ethics in the workplace.

And government, you had better start holding those accountable that do not practice good ethical behavior.

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Have a business question, send it to [email protected]

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