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December 5, 2022

Accounting News Roundup: SEC Rolling Out Exec Comp Rules; KPMG Keeps Wells Fargo Gig; Stop Calling It a Death Tax | 04.29.15

SEC Is Set to Propose New Rules on Executive Compensation [WSJ]
5 years in the making: "Wednesday’s proposal aims to give investors greater clarity about the link between what corporate executives are paid each year compared to total shareholder return—the annual change in stock price plus reinvested dividends, according to people familiar with the measure. Weak links between executive pay and financial performance may increase popular outcry about overpaid bosses, compensation consultants said."

Wells Fargo Shareholders Approve All 16 Directors, KPMG Auditor Appointment [WSJ]
Oddly, KPMG is only mentioned headline and last sentence of the article.

The Death Tax Deception [Bloomberg]
Barry Ritholtz is right: "When 99.81 percent of all deaths don't create a taxable event, calling it a death tax is mathematically nonsensical."

Sigh.

How to Look for Emotional Intelligence on Your Team [HBR]
You can try the marshmallow test, however, it might be slightly trickier than that for other people.

Why Marriage Equality is Good for Business [Bloomberg]
The "business case" for marriage equality is beside the point. PWC Vice Chairman and CFO Carol Sawdye seems to understand that, however, this discussion happened on a "business show" so the narrative has to revolve around issues like "recruiting talent" and "economic benefit" for anyone who uses that sort of reasoning to make up their mind about equality.     

90-Year-Old Tortoise Gets Slick-Ass Wheels After Rat Gnaws Off Legs [Gawker]
We should all be so lucky.

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