Supreme Court issues split decisions on presidential firing power
Chief legal correspondent Shannon Bream details the Supreme Court’s latest rulings, including a decision in Trump v. Slaughter affirming the president’s power to dismiss a Federal Trade Commission commissioner. However, in Trump v. Cook, the court states the president cannot unilaterally fire a Federal Reserve governor. These opinions shape executive power and independent agencies.
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President Donald Trump has set up a committee to investigate Federal Reserve Governor Lisa Cook over allegations she made false statements on mortgage documents, the same accusations Trump has cited for over a year in a bid to remove her from office.
Trump attempted to remove Cook in August 2025, triggering a lengthy legal battle that culminated in the Supreme Court blocking her firing in June…
PAYROLL & HR CONTROLS (PREVENTING “GHOST” SCHEMES)
Payroll fraud is often the hardest to detect because it “looks” like a normal business expense.
- Segregation of Duties (SoD): The person who adds new employees to the system must not be the same person who approves the monthly pay run.
- Mandatory Vacation Policy: Require all financial and HR staff to take 5–10 consecutive days of leave annually. Fraud often surfaces when the perpetrator isn’t there to “hide” the trail.
- Ghost Employee Audit: Perform a quarterly “Headcount Reconciliation” where managers must physically verify every name on their payroll list exists.
- Self-Pay Blocking: Ensure the payroll software has a hard-coded block preventing administrators from editing their own salary or bank details.