Jul 16, 2018

Internal FBI survey shows eroding faith in leadership

FBI director nominee Christopher Wray testifies during his confirmation hearing before the Senate Judiciary Committee. Photo: Alex Wong/Getty Images

Confidence in the FBI's senior leadership among rank-and-file employees has dropped from previous years, according to an internal climate survey obtained by Lawfare.

Why it matters: The survey confirms that the dismissal of former FBI director James Comey and deputy director Andrew McCabe, in tandem with the Peter Strzok scandal and President Trump's barrage of attacks against the intelligence community, have created an air of instability within the bureau.

The details: Employees across the Bureau's headquarters 56 field offices expressed pride in working for the FBI at levels that were consistent with previous years. When asked questions related to their views on the honesty, integrity and vision of the FBI's senior leadership and director, however, positive sentiment declined by as much as 0.62 points out of five.

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.