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  #191  
Old 04-01-2019, 11:30 AM
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Originally Posted by Maine-iac View Post
Wow. Is the opera as un-PC as the movie? That was one twisted relationship there. I do remember some light insurance connections in the movie, but nothing that would involve an actual actuary.
Yes, it's pretty disturbing.
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  #192  
Old 04-01-2019, 12:43 PM
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LWTwJO showed death rate (I think) graphs with "NFL players, actuarial, and WWE wrestlers." The piece was about the WWE and its poor treatment of its "independent contractors."

The "actuarial" line was the average human (American?) death rate, not the actuaries death rate.
It will be on youtube soon. I might link it if someone doesn't get to it first.

https://www.youtube.com/watch?v=m8UQ4O7UiDs
This one is restricted for me, maybe because I'm not logged in or something.

https://www.dailymotion.com/video/x752yej
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  #193  
Old 05-31-2019, 04:16 PM
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This popped up on the AAA today https://www.actuary.org/node/12839
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  #194  
Old 05-31-2019, 04:44 PM
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This popped up on the AAA today https://www.actuary.org/node/12839
So, what's involved in a public reprimand?

Just publishing that, I suppose.
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  #195  
Old 05-31-2019, 05:18 PM
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So, what's involved in a public reprimand?

Just publishing that, I suppose.
Why does the AAA get involved in stuff like this? Just let the employer decide whether they think action should be taken, no need to pile on.
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  #196  
Old 05-31-2019, 07:39 PM
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Precept 1, my fellow actuary
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  #197  
Old 05-31-2019, 09:45 PM
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Precept 1, my fellow actuary
I get that he was accused of violating Precept 1, I'm just saying that it feels like being punished from multiple angles for the same thing.

If I play in an illegal underground poker game, that probably could be construed as violating Precept 1, but should there be consequences for that? I get the feeling if you peeled back a lot of actuaries' personal lives, you could find things to ding them for.
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Yes, well, that's partially the result of my robust education. I was exposed to far more than a narrow money-making selection of classes. The influence of art, literature, and other liberal arts makes it easier for me to write coherently in a format significantly longer than 140 characters. Additionally, I am able to use colorful terms that illustrate my ideas, words that exceed two syllables in length, and even proper punctuation (most of the time).
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  #198  
Old 06-01-2019, 07:06 AM
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Originally Posted by Hello, My Baby View Post
I get that he was accused of violating Precept 1, I'm just saying that it feels like being punished from multiple angles for the same thing.

If I play in an illegal underground poker game, that probably could be construed as violating Precept 1, but should there be consequences for that? I get the feeling if you peeled back a lot of actuaries' personal lives, you could find things to ding them for.
This particular incident was behavior in the workplace so it’s different than your example.
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  #199  
Old 06-01-2019, 08:44 AM
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So let's look at the public reprimands from the Academy in the past.

The one I remember the best is Jonathan "actuarial work is voodoo" Schwartz being quoted in the NYT.
https://www.actuary.org/sites/defaul...schwartz.4.pdf
Quote:
Mr. Schwartz also made statements published in a newspaper suggesting that his actuarial
work lacks a scientific basis, and that his conclusions are influenced by the desired outcomes
of his clients. Such statements brought discredit upon the actuarial profession, and violated
the obligation in Precept 1 to fulfill the actuarial profession’s responsibility to the public and
uphold the reputation of the profession.
Yes, there was also comments re: his actual actuarial work, but what got everybody's attention was this bit:
http://www.nytimes.com/2008/05/16/ny...16actuary.html
Quote:
Mr. Schwartz, a former city actuary, said that he routinely skewed his projections to favor the unions — he called his job “a step above voodoo” — and admitted that he had knowingly overreached on the pension bill by claiming that it cost nothing, either now or in future years. “I got a little bit carried away in my formulation,” he explained.

...

“What people call actuarial science is at least as much as an art as a science,” Mr. Schwartz said.

“Back in my days as city actuary, I would go to that part of the range that would make things look as expensive as possible,” he added. “As consultant for the unions, I go to the part of the range that makes things as cheap as possible, but I never knowingly go out of the range.”

Mr. Schwartz resigned from his city job in 1986 after admitting he had given false testimony in a deposition in a lawsuit brought by female employees who claimed that their pension payments were lower than those made to their male counterparts.
I'm sure dozens of actuaries reported that article to the ABCD that day.

my comment at the time:
Quote:
Originally Posted by campbell View Post
I wouldn't be the least surprised. I've learned from direct experience of how newspaper writers like to spice up quotes. They're especially shameless in doing that for fluff pieces, not that this is a fluff piece.

It still sounds pretty bad, and casts the profession in a bad light.
I went down the list of expulsions, suspensions, and reprimands, and most are work-related (and yes, sexual harassment in the office is work-related). I found one expulsion due to a child porn conviction. Some of the older ones don't note what the discipline was for, but for aspects notorious enough (and a unique enough name) I could easily find the details.

Precept 1 is mentioned A LOT in all these public discipline notices.
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  #200  
Old 06-01-2019, 11:26 PM
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Originally Posted by AlliGator06 View Post
This popped up on the AAA today https://www.actuary.org/node/12839
What the hell is an Assistant Deputy Chief Actuary?
“I am the Assistant Deputy Chief Actuary.”
“No, you’re not, you are the assistant to the Deputy Chief Actuary.“

Also, they should’ve fired him. I’m really tired of this shit.
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