• Aceticon@lemmy.world
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    3 years ago

    Over a decade ago I worked as a freelancer for an Investment Bank (the largest one that went bankrupt in the 2008 Crash, which was a few years later) were the head of the Proprietary Trading Desk (the team of Traders who invest for the profit of the bank) asked me if I could change the software so that they could see the investments of the Client Trading Desk (who invest for clients with client money) was making, with the assent of the latter team.

    Now if the guys investing money for the bank know what they guys investing customer money are doing they can do things like Front-Run the customer trades (or serve them at exactly the right price to barelly beat the competiotion) thus making more profits for the bank and hence get bigger bonuses. This is why Financial regulations say that there is supposed to be so-called Chinese Walls between the proprietary trading and the customer trading activities: they’re supposed to be segregated and not visible to each other.

    Note that the heads of both teams were mates and already regularly had chats, so they might already have been exchanging this info informally.

    I was quite fresh in there (less than 1 year) and the software system I worked in at the time was used by both teams, but when I started looking into it I saw that the separation was very explicitly coded in software and that got me thinking about what I had learned from the mandatory compliance training I had done when I first joined (so, yeah, that stuff is not totally useless!!!)

    So I asked for written confirmation from the heads of both teams, and just got some vague response e-mails, no clear “do such and such”.

    So I played the fool and took it to a seperate team called Compliance (responsible for compliance with financial regulations) saying I just wanted to make sure it was all prim and proper, “just in case”.

    Of course, it kinda blew up (locally) and I ended up called to a meeting with the heads of the Prop Desk and whatnot - all stern looks and barelly contained angry tones - were I kept playing the fool.

    Ultimatelly it ended up not being a problem for me at all, to the point that after that bank went bust and its component parts were sold to another bank, the technical team manager asked me to come back to work with the same IT group (remember, I was a freelancer) with even greater responsabilities, so this didn’t exactly damage my career.

    That said, over the years there were various cases of IT guys in large investment banks who went along with “innocent” requests from the Traders and ended up as the fall-guys for subsequent breaking of Finance Regulations, serving jail time, so had I gone along with that request I would’ve actually risked ending up in jail.

    (Financial Regulators were and are a complete total joke when it comes to large banks, which actually makes it more likely that some poor techie guy will be made the fall guy to protected the bank and its heads).

    • Wats0ns@sh.itjust.works
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      3 years ago

      This is your friendly reminder that the only person who went to jail for the diesel gate is the software developer who implemented the test-cheating practice. Not the managers, the directors who asked for it or anybody else

  • FireRetardant@lemmy.world
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    3 years ago

    1-800-got-junk? doesn’t care at all about its environmental impact. No sorting what so ever happens to what goes on their trucks it all goes to landfills. All the ads will say they recycle and that they repurpose old furniture but I was threatened with being fired when I recommended donating antiques instead of dumping a load of furniture.

    More jobs and more profits comes before anything else in that company, including employee health and safety. Several times I was told to enter spaces we werent trained for (attics and crawl spaces) and carry waste I legally couldn’t transport (human/organic wastes and the laws states the driver is fined, not the company). One guy injured his shoulder during an attic job and was told to finish the shift or lose his job. Absoulte scum of a company with very sleazy management and possibly the labour board in their pocket as they kept “losing the files” when I tried to file a report with buddy’s shoulder (he was hesistant to report for fear of losing his job).

    • Mugmoor@lemmy.dbzer0.com
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      3 years ago

      I’ve had a few friends work for them out in Montreal, and their parent company (2 Men and a Truck). According to them it’s a mob-operated business.

      • Thwompthwomp@lemmy.world
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        3 years ago

        Oh no! I had a great experience with 2 men and a truck when I he used them! No idea it was associated with the 1 800 junk folks

  • GrouchoMarxist@lemmy.world
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    3 years ago

    At Disneyland, Mickey Mouse is always played by a woman, due to the small costume. So if you put your arm around him for a photo, try not to accidentally touch Mickey’s boobs.

  • oshu@lemmy.world
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    3 years ago

    The majority of tech startups are super chaotic and barely keeping things running. More than you would ever imagine.

    • nijave@lemmy.world
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      3 years ago

      Ahh yes, the perpetual slow burn (that sometimes flames up into a much larger fire).

  • Ubettawerk@lemmy.blahaj.zone
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    3 years ago

    I worked for a furniture store. They used to buy mattresses and furniture sets for like $200-300 and arbitrarily sell them for around $700-1000. I used to be able to haggle with people and still sell them for like double what they cost. I hated that job for so many reasons

    • dimeslime@lemmy.ca
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      3 years ago

      Used to work in garden/hardware supply company. The best selling product cost $16 for manufacturing and delivery to our warehouse from China. They would sell in [national hardware chain] for $699. It was about a 40% markup in store, the rest of that $699 was eaten up by warehousing, shipping and staffing costs. If you couldn’t move that product in a reasonable timeframe then you’d start losing money on warehouse costs.

      I figure most items I’ve purchased are 40% profit, 50% warehouse/shipping/staffing, 10% manufacturing/import.

    • karma_nder@lemmy.dbzer0.com
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      3 years ago

      Curious where they were processing l purchasing their furniture from. Would someone be able to purchase an individual set, or is it wholesale only?

  • LucasWaffyWaf@lemmy.world
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    3 years ago

    Anybody knows that one waterfall attraction in the Southeast US? The one that advertises bloody everywhere? Waterfall is pumped during the dry seasons, otherwise there’d be nothing to see. Lots of the formations are fake, and the Cactus and Candle formation was either moved from a different spot in the cave, or is from a different cave in New Mexico. Management doesn’t want people to know that, but fuck 'em.

      • DannyMac@lemmy.world
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        3 years ago

        After looking it up, you can find reports from others stating the same things. When I was there as a kid, I remember that they claimed no one knew where the source of the water came from… I guess they actually know enough to help it out at least, lol

        I really enjoyed it and would like to go again, but it’s no Mammoth Cave.

  • FuckOff@lemmy.world
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    3 years ago

    The people who negotiate your medical claims make more money on the settlement commissions than the doctors even make from their procedures.

    And there’s like 25-40 people total who handle the claims for every single health insurance company.

  • Your Huckleberry@lemmy.world
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    3 years ago

    Office Depot sells printers at very low (or even negative) margin, and then inflates the margins on cables, paper, ink, and warranty. If you want the best deal, get the printer from OD, and everything else you need somewhere else. That $20 USB cable they sell costs them $1 and you can get the same or better online for $2.68.

  • Abrslam @sh.itjust.works
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    3 years ago

    I worked for for the railroad. Nothing is fixed ever. I witnessed hundreds of code violations every day for years. Doesn’t matter if a rail car or locomotive meets code as long as it “can travel” its good to go.

    When an employee inspector finds a defective rail car management determines if it will get fixed. If the supervisor “feels” like “it’s not that bad” then the rail car is “let go”.

    • oatscoop@midwest.social
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      3 years ago

      Oh, so like ambulances in the USA.

      “The ambulance had issues making it unsafe (or even illegal) to drive? But it can still drive down the road? Doesn’t seem too bad: keep an eye on it.”

  • JackBinimbul@lemmy.world
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    3 years ago

    Worked at a newspaper for a few years.

    With very few exceptions, they do not give a fuck about you or the news. The advertisers are their customers and your attention is their product.

  • Ace_of_spades@lemmy.world
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    3 years ago

    Worked at a globally popular fast food francise many years ago. They had collection boxes for a charity that they raised money for. None of the money went to that charity, but was divided between owners and managers.

    • carl_dungeon@lemmy.world
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      3 years ago

      This doesn’t surprise me at all, not even a little. You’re a multi million or billion dollar company and you’re asking me to provide charity that you can use as a tax break? Even if they were using it for charity it’s still a way to subsidize bottom line with customer money and “look” altruistic in the process.

      • Smoogs@lemmy.world
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        3 years ago

        Some places don’t get a tax break but the free PR is very real.donate direct. Never through a company.

      • Pixel@lemmy.sdf.org
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        3 years ago

        They don’t get to use it as a tax break, you do. If they are doing fraud then that’s something else and they should be punished.

        • SoleInvictus@lemmy.world
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          3 years ago

          This is correct, there’s no tax break. They do it they can state “so and so corp donated 1.5 million Megabucks last year”. It’s all bullshit.

    • Smoogs@lemmy.world
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      3 years ago

      I always say to the cashiers who are forced to ask us to donate that I will be donating directly to the charity online. Not through a multi million dollar company. When I think how a company does this for no other reason for free pr on other people’s coin, I have absolutely no guilt saying nope.

        • Smoogs@lemmy.world
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          3 years ago

          I believe that is a hoax. Or at the very least misinformation. Although some areas might be different. It’s not a solid argument they are getting a tax break. PR is definitely why they do it across the board though.

  • netvor@lemmy.world
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    3 years ago

    The building, used by several hundred employees, had a security systems with 4-digit codes. I’ve been part of group of people who liked to work late times, and the building would lock at midnight – the box by the door would start beeping and you would need to unlock it within a minute or so, or “proper alarm” would ensue.

    However, to unlock the alarm you did not need your card – all you needed to do was to enter any valid code. Guess what was the chance that, say, 1234 was someone’s valid code? Yes.

    We’ve been all using some poor guy’s code 1234, and after several years, when he left the company we just guessed some other obvious code (4321) and kept using that.

    By the way, after entering the code to the box by the door, it would shortly display name of the person whom the code “belonged” to. One of our colleagues took it as a personal secret project to slowly go through all 10000 possible codes and collect the names of the people, just for the kick of it.

    (By the way, I don’t work for that company anymore, and more importantly, the company does not use that building anymore, so don’t get any ideas! 🙃 )

  • thrawn@lemmy.world
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    3 years ago

    It’s pretty depressing, but the fact that soil and groundwater are almost certainly contaminated anywhere that humans have touched. I’ve seen all kinds of places from gas stations, to dry cleaners, to mines, to fire stations, to military bases, to schools, to hydroelectric plants, the list could go on, and every last one of them had poison in the ground.

    • pfannkuchen_gesicht@lemmy.one
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      3 years ago

      Some places are insanely polluted to the point where you wonder how a whole company could be so braindead and essentially poison themselves.
      A place not far from where I live had a chemical plant which just dumped loads of chemicals on a meadow for years. Now there are ground water pumps installed there which need to run 24/7 so that the chemicals don’t contaminate nearby rivers and hence the rest of the country.
      When taking samples from the pumped up water you can smell gasoline.

      • HM King Charles III DG FD@feddit.uk
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        2 years ago

        The largest lake in the UK by area got massively polluted and turned into a swamp of toxic green algae. It’s crazy how people just let stuff like that happen.

    • Tar_alcaran@lemmy.world
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      3 years ago

      It’s just as depressing when something counts as “clean”. My saddest example was a former sand pit, they spent 30 years digging out 15 meters of sand, then another 30 years filling it with anything from industrial to veterinary waste, “capped” it with rubble in the late 40s and called it clean enough.

      Had a bigass job digging out the top 3 meters of random waste, including several thousand of barrels of whatever the fuck. And definitely no unexploded ordnance (spoiler, after finding several ww2 rifle stocks and helmets, the first mortarshells were dug up too). After makimg room, it was covered in sand, clay, bentonite and a protective grid.

      So naturally, 3 months after that finished, some cockhead decided to throw an anchor and hit go all ahead flank on his assholes boat and tore the whole thing up. No need to fix anything though, just shovel some more sand it, that’ll stop the anthrax!

      This was all in open connection with a major river, of course. One people swim in.

  • Ace_of_spades@lemmy.world
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    3 years ago

    Just remembered another one:

    Have you ever had an anonymous survey sent to you by your work or by a company your work has hired? They’re not anonymous. Management knows what your opinions are and will use them against you.

    I worked for a consultant that would try and help fix businesses. The worst example I can think of was when I saw one person had answered a survey question saying that their employer had a “blame culture”. Rather than trying to work on the processes or address why something had gone wrong, staff would start pointing fingers to keep out of trouble. This didn’t fix anything and only made people spend all the time covering their posteriors.

    The manager called a general meeting of everyone at that site and then singled out the employee who’d mentioned the blame culture, blaming him for saying there was a blame culture. The employee then pointed out that they’d been told, in writing, that the survey was anonymous. That employee called the manager a liar and then she lost control of the meeting, with lots of employees calling her a liar and several storming out. They weren’t in business the next year.

  • Gabu@lemmy.world
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    3 years ago

    A national (not US) cake company uses expired ingredients because it’s cheaper. Yes, I did report them to the authorities.