Archive for Weekly Round-Up

Weekly Round-Up: 5/20-5/24

Reporting Leases, China Bonds, Consumer Bureau: Compliance As reported by Business Week, accounting changes that would require companies to report more of their leases as assets and liabilities may encourage businesses to structure shorter-term rental agreements that could hamper the ability of lessors to predict cash flows, according to Fitch Ratings.

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Weekly Round-Up: 4/8-4/12

Trader Who Received Tips From KPMG Partner Issues Apology According to Bloomberg, Bryan Shaw, a trader who said he received insider tips from fired KPMG LLP partner Scott London, apologized and said he’s been cooperating with the Justice Department and U.S. Securities and Exchange Commission. London was the head of KPMG’s audit practice in Los Angeles.

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Weekly Round-Up: 3/25-3/29

Facebook’s Mark Zuckerberg faces $1 billion tax bill According to CNN, Facebook’s stock market debut left founder and CEO Mark Zuckerberg with a paper fortune currently valued at $13 billion — and a 2012 tax bill of around $1.1 billion. Zuckerberg’s whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of Facebook’s initial public offering, Zuckerberg exercised a stock option and purchased 60 million Facebook shares at a “strike price” of 6 cents each.

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