What’s a tape recorder worth?

Lehman Trader Taped Conversations,” Wall Street Journal, April 24, 2015 C2. Trader recorded discussions with his employer about what would happen to his Lehman bonus after he went to work for Barclays. Some ambiguity in conversations and subsequent contract with Barclays leads to lawsuit.  Claim: $83 million.

How do manage and preserve what our employees say?  How do we control what they record?  Who owns the information contained in a discussion with an employee about salary and benefits?  Is that proprietary to the company?

There’s an app for that.

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Filed under Business Case, Collect, Communications, Controls, Definition, Duty of Care, Governance, Information, Internal controls, Management, Oversight, Ownership, Ownership, Policy, Protect, Protect assets, Risk, Use, Value

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