Google Is Being Forced To Censor The History Of Merrill

New Post Public Reply Private Reply Replies (1) Message Board
AlanC AlanC #134
Google Is Being Forced To Censor The History Of Merrill Lynch — And That Should Terrify You

Jim Edwards
July 3, 2014, 6:48 AM

(please note: The underlined words are 'clickable' links when accessed via the link at the bottom of this page)

The European Union's new law giving people a "right to be forgotten," which requires Google to remove links to information about them, is having exactly the effect its critics predicted: It is censoring the internet, giving new tools that help the rich and powerful (and ordinary folk) hide negative information about them, and letting criminals make their histories disappear.

Exhibit A: Google was required to delete a link to this BBC article about Stan O'Neal, the former CEO of Merrill Lynch. O'Neal led the bank in the mid-2000s, a period when it became dangerously over-exposed to the looming mortgage crisis. When the crisis hit, Merrill's losses were so great the bank had to be sold to Bank of America. O'Neal lost his job, but he exited with a $161.5 million golden parachute.

There is nothing incorrect in the post, in fact it's a rather mild account of O'Neal's incompetence during the period. O'Neal was forced out of the company after he began discussing selling it without informing his board of directors. This is ancient, well-established history. Having it removed from Google doesn't undo the fact that it happened. But there is a new generation of 25-year-old investment bankers who perhaps do not have a firm grasp of the 2007 crisis that reshaped banking globally. Their grasp will be ever more slightly weaker due to this new law.

"There is an argument that in removing the blog, Google is confirming the fears of many in the industry that the 'right to be forgotten' will be abused to curb freedom of expression and to suppress legitimate journalism that is in the public interest," BBC writer Robert Peston says.

Six links to stories in The Guardian not related to O'Neal have also been removed.

Also, Business Insider previously noted that deletion requests were granted for a former politician who wanted to remove links to a news article about his behavior when previously in office — so that he can have a clean slate when running for a new position — and a man who was convicted of possessing child sexual abuse imagery.

So pedophiles can take advantage of this law as well.

Forget.me, a company that expedites Google deletion requests, tells Business Insider that it is fielding 250 requests per day. Here's a breakdown of what is being deleted from the world's greatest search engine:



It's exactly like the "memory holes" in George Orwell's "1984," in which Big Brother's minions burn information that the government wants people to forget.

But the E.U. law is terrifying for another reason: The entire process is so non-transparent that the consequence for the individual is even worse than what the courts intended.

This excellent discussion from Danny Sullivan at MarketingLand.com shows that even when Google removes links, new ones pop up in their place. And Europeans can get the full, uncensored internet by leaving Google.co.uk and searching at Google.com.

Here's a U.K. search result for the Stan O'Neal article:


MarketingLand.com

(Note the disclosure from Google that its results have been censored.)

Sullivan then searched for the name of the first commenter on the article and got this:


MarketingLand.com

We don't know whether it was O'Neal who asked that the link be removed. In fact, O'Neal's name may be being dragged through the mud unnecessarily here. Peston believes it may be someone mentioned by readers in the comments section under his story about the ruling.

He suggests that as a "Peter Dragomer" search triggers the same disclosure that a result may have been censored, that perhaps it was not O'Neal who requested the deletion. In an amazing coincidence, the person posting as "Peter Dragomer" claims to be an ex-Merrill employee.

Right now, thousands of people probably think that Stan O'Neal is on some quixotic quest to make people forget that he was at the wheel when Merrill drove off a cliff. And there is no evidence that that's the case.

But because the law exists, we have no idea what the truth is.

That ought to worry everyone.

http://www.businessinsider.com/google-merrill...ten-2014-7
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Shell Seals ARC Acquisition, $16.5B Bet on Future

Updated Category News Views 3

Shell’s Strategic Play: Snagging ARC When it comes to Shell, they don't dawdle with peanuts. Snagging ARC Resources Ltd., a Canadian energy firm rooted squarely in British Columbia and Alberta, speaks volumes about their appetite for growth. They’re shelling out approximately US$16.5 billion to pull this deal off the ground. This isn't just some casual sector play; it...

Continue Reading
HIMS Faces Class Action: Investors Eye Leadership

Updated Category News Views 2

Another Day, Another Lawsuit: Hims & Hers in Hot Water Here's the latest conundrum in the corporate world, folks. Hims & Hers Health, Inc. (NYSE: HIMS) is caught up in a class action lawsuit that could shake up the telehealth scene. Investors who found themselves knee-deep in losses during the class period from August 2025 to July 2026 might want to pay attention. The...

Continue Reading
VT Markets Appoints Maxwell for Global Expansion

Updated Category News Views 0

Maxwell Joins VT Markets Amid Strategic Shift Forget the usual humdrum of C-suite comings and goings; this one's packed with punch. VT Markets is setting the stage for a serious leap forward by naming Ross Maxwell their new Chief Strategy Officer. This isn't just another desk job—it's a pivotal role meant to integrate cutting-edge technology with the ever-evolving...

Continue Reading
RealityMine Appoints CPO Amidst Strong Growth Momentum

Updated Category News Views 4

Pushing the Boundaries of Behavioral Data When a company like RealityMine posts a whopping 75% year-over-year revenue bump, you know they're not here to mess around. Enter Soumya Bijjal, a seasoned pro stepping in as their inaugural Chief Product Officer. This isn't just about adding to the C-suite boys' club; it's about locking in on a goldmine of behavioral data that's...

Continue Reading
Capricor Faces Lawsuit: Investors Should Take Note

Updated Category News Views 0

Capricor Therapeutics: A Rough Road Ahead If you've got skin in the game with Capricor Therapeutics, these latest developments might have you feeling a bit queasy. Forget the greasy diner fare today; this situation calls for some serious contemplation and maybe a bit of antacid. Over at NASDAQ:CAPR, the air is hot with allegations, stock price nosedives, and looming legal...

Continue Reading
Joseph Spine Opens New Regenerative Therapy Center

Updated Category News Views 0

Regenerative Medicine: A New Frontier in Spine Care When spine care gets a facelift, you take notice. Joseph Spine Institute, a heavyweight in the spine care game, just threw hat into the regenerative ring. We're talking about using a patient's own cells to mend what's broken—that's advanced. They're launching a Regenerative Therapy Center in Tampa, ready to offer these...

Continue Reading
Check Point Shareholders Back 2026 AGM Proposals

Updated Category News Views 2

Shareholder Endorsement Solidifies Check Point's Strategy Today, Check Point Software Technologies had a bit of a celebratory mood. Their stakeholders, it seems, aren't just riding the wave; they're all in. You could almost hear the cheers from Redwood City when those shareholder voting results flashed across the board. Some 81.2 million shares—encompassing about 79.52%...

Continue Reading
TCOM Secures $600M Deal to Boost NATO's Defense

Updated Category News Views 5

TCOM's Pivotal $600 Million Defense Contract How often do you hear about a deal north of $600 million that practically revamps a company's strategic future? That's precisely what's hitting the books at TCOM right now. They've scored a heavy-hitting Foreign Military Sales (FMS) contract to fortify NATO's eastern front with Poland. I'll tell you this—it’s one of the...

Continue Reading
ITP Media's Bold Move: Ready for Asian Market Surge

Updated Category News Views 3

Pushing Boundaries: ITP Media Group Eyes Asia ITP Media Group isn't here to tiptoe around the media market; they're diving headfirst with the recent takeover of Heart Media Group. A bold move, some might say, in this volatile world of media mergers and acquisitions. But let's break down what this really means. A Strategic Bet on Luxury To start, ITP Media is beefing up...

Continue Reading
Ecobat's Strategic Shift: Exiting Lithium for Lead

Updated Category News Views 5

You ever get that sense of déjà vu when another company decides to jump ship from a supposedly hot market? Well, that's where Ecobat's at, folks. This global player in battery recycling just waved goodbye to its lithium recycling biz, closing the deal on its Arizona operations. Previously, they ditched similar holdings in the UK and Germany. Now, they're all-in on their...

Continue Reading

Top 5 Most Recently Viewed Articles

Enviva's Restructuring Sets Stage for Future Growth

Updated Category News Views 148

Enviva's Successful Emergence from Chapter 11 Bankruptcy Enviva, LLC, a prominent name in the production of industrial wood pellets, has recently announced a significant achievement: its successful emergence from Chapter 11 bankruptcy. This is not just a recovery phase; it's a strategic transformation that positions the company for long-term growth and enhances its...

Continue Reading
Renovaro and Nebul Join Forces to Transform Cancer Diagnostics

Updated Category News Views 153

Renovaro Partners with Nebul to Advance Cancer Detection Renovaro Inc. (NASDAQ: RENB), a pioneering company in AI-driven precision medicine, has announced a significant expansion of its collaboration with Nebul, a leader in AI cloud infrastructure. These efforts are focused on significantly enhancing the early detection capabilities for cancer along with other critical...

Continue Reading
Exciting Developments from the 2025 International Imaging Forum

Updated Category News Views 289

Innovative Insights from the Imaging Industry Forum The 2025 International Image Culture Week recently concluded, featuring a significant event known as the SmallRig Visionary Storytellers Industry Forum. This remarkable gathering was a canvas for over 200 industry leaders to exchange transformative ideas about the future of imaging. Participants included renowned...

Continue Reading
Landstar System Strengthens Leadership with New Appointments

Updated Category News Views 171

Landstar Welcomes New Board Members to Drive Growth Landstar System, Inc. (NASDAQ: LSTR), known for its technology-driven, asset-light approach to integrated freight transportation, has recently made significant strides in enhancing its leadership team. The company announced the appointments of two distinguished leaders, Barr Blanton and Melanie Housey Hart, to its Board...

Continue Reading
JLL Secures $577M Financing for LBA Logistics Fund VII

Updated Category News Views 175

JLL secured a whopping $577.625 million back in 2024 to finance the LBA Logistics Value Fund VII Industrial Portfolio, and let me tell ya, traders were buzzing. This portfolio housed 25 prime industrial properties spread across various states, adding up to over 7 million square feet of space. That’s no small potatoes, folks. Now, this financing was a floating-rate loan...

Continue Reading