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conflict of interest

News Story
1/12/2015
Posted by Mark Reback
Sen. Bob Hertzberg took an unusual step shortly after being elected to the California Senate in November, announcing he would moonlight as an attorney at a Los Angeles law firm while serving as a full-time legislator. Now a consumer group is demanding that Hertzberg disclose the clients he represents at the Glaser Weil law firm, saying the...
News Story
7/18/2014
Posted by Mark Reback
Given the way Washington has run away with itself, it’s no surprise that “crony capitalism” has risen to the top of the agenda for some politicians on the political left as well as the political right. The federal government has become a virtual one-stop shop for corporations more interested in gaming the system and capturing...
News Story
7/14/2014
Posted by Mark Reback
California's stem cell research funding agency needs a home run to score more public funding. Instead, a conflict-of-interest problem is giving it the wrong kind of attention. The latest embarrassment for the San Francisco-based California Institute for Regenerative Medicine is what's quickly becoming known as the "Trounson Affair....
News Story
7/10/2014
Posted by Mark Reback
California’s stem cell agency announced Wednesday it was taking steps to deal with a “risk of conflict of interest” two days after its former president took a position with a company that the state agency had been funding. Newark, Calif.-based StemCells Inc. announced that Alan Trounson would be joining its board of directors a...
News Story
7/9/2014
Posted by Mark Reback
Trounson goes to work for StemCells Inc., which has received $19.4M Alan Trounson, then president of the California Institute for Regenerative Medicine, poses for a portrait at his offices in San Francisco, Monday, March 9, 2009. (AP Photo/Eric Risberg) — AP The former head of California's stem cell agency, which is handing out $3...
News Story
7/9/2014
Posted by Mark Reback
Two days after the ex-president of California’s stem cell agency became a board director at a company that is receiving funding from the agency, the agency said Wednesday it is taking steps to “mitigate a potential conflict of interest.” Earlier this week, StemCells Inc. in Newark said that Dr. Alan Trounson would join its board...
News Story
7/9/2014
Posted by Mark Reback
Alan Trounson, until very recently president of the California Institute for Regenerative Medicine (CIRM), has accepted a position on the board of StemCells, Inc., a company that has had $19,399,504 in grants from CIRM. If the clinical trials that CIRM is partly funding pay off, he could make a bundle on stock options (details of his compensation...
News Story
7/8/2014
Posted by Mark Reback
The San Francisco Chronicle today carried a story on the appointment of Alan Trounson, former president of the $3 billion California stem cell agency, to the board of  StemCells, Inc., which has received $19.4 million from the research program. Trounson’s appointment came only seven days after he left state employment. Last year,...
News Release
4/28/2014
Posted by John M. Simpson
SANTA MONICA, CA -- Consumer Watchdog, a national public interest group, today expressed deep concern about New York Gov. Andrew Cuomo’s appointment of Google Chairman Eric Schmidt to the New York Smart Schools Commission to advise the state on how to invest proceeds from the proposed $2 billion bond act and bring technology into classrooms...
News Story
4/25/2014
Posted by Mark Reback
In the wake of a $10-million payout to a whistleblower, UCLA's School of Medicine is drawing more scrutiny over its financial ties to industry and the possibility that they compromised patient care. A new study in this month's Journal of the American Medical Assn. raised a red flag generally about university officials such as Eugene...