Please ensure Javascript is enabled for purposes of website accessibility

Accounting News Roundup: EY’s Weinberger on Income Inequality; Tennessee’s Settlement Over Jock Taxes; When the Boss Is Younger Than You | 07.08.15

Corzine, Other Ex-MF Global Officials Settle Suit for $64.5 Million [WSJ]
This is the third settlement in the MF Global case. PwC's $65 million settlement is still waiting for approval from Judge Victor Marrero.

Reducing Income Inequality Is a Pro-Business Idea, Says EY CEO [The Street]
Mark Weinberger spins it well: "Companies should have a social interest in reducing income inequality, he said, but he reminded the audience that there's a business interest as well, given that 70% of GDP growth in the U.S. comes from consumer consumption."

Toshiba sounds out banks about credit line amid accounting probe -sources [Reuters]
Somewhere between $4.1 and $4.9 billion should suffice. A company spokeswoman denied they were seeking the funding.

Settlement between NHL players, Tennessee latest setback for odd ‘jock taxes’ [WaPo]
Players settled with TN for $3.32 million "over a possibly unconstitutional tax on professional athletes there." TN's jock tax was flat, a minimum of $2,500 per game, per player with a max of $7,500 per year. 

10 imperatives for internal audit [JofA, Earlier, Earlier]
In case some of you opiners are thinking about going in-house.

Why the Boss Is Younger Than You Are [WSJ]
Well, younger than some of you. The article notes that Gen X CEOs (defined as born between '65 and '80) have appeared at companies like McDonald's, Harley-Davidson, Microsoft and 21st Century Fox. Deloitte's Cathy Engelbert, who is 50, falls into this group.

Time Warner Cable must pay $229,500 to Texas woman it robocalled 153 times [The Guardian]
$1,500 per call? Doesn't seem like enough.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

cat on a desk

Friday Footnotes: RTO Isn’t Going So Great; KPMG Wins Something; What Auditors? | 5.19.23

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. ICYMI I Love Accounting. So I Had to Leave. [GC] Benjamin […]

cat with breakfast in bed

Monday Morning Accounting News Brief: Identical Twins Head to Deloitte; TWO PwC Leaks; VA Tackles 150 | 5.15.23

Good morning and happy Monday! Here’s some stuff happening. Virginia Society of CPAs is tackling the question “is 150 too many?” For nearly the past two decades, prospective CPAs in Virginia have had to undertake 150 hours of education before becoming licensed. But a declining CPA pipeline has accountants asking: Is the 150 now a […]