Toshiba Adds $3.3 Billion Credit Line After Accounting Probe [Bloomberg]
Company president Masashi Muromachi is promising "a bold restructuring" and he expressed how "deeply sorry for betraying the trust of our stakeholders and causing turmoil in the markets." The groveling never gets old.
Gender Bias at Work Turns Up in Feedback [WSJ]
Stanford University’s Clayman Institute for Gender Research has discovered that performance reviews use a striking amount of gender bias. Women are 2.5 times more likely to receive feedback about their communication style (e.g. "your speaking style is off-putting"). Men's reviews tend to have more mentions of "drive," innovation," etc. and also their technical expertise.
Financial Accounting Foundation Seeks Candidates for Chair of FASAC [AT]
J. Wade Weeks named office managing partner of Grant Thornton’s Atlanta practice [GT]
“Wade brings a combination of proven leadership skills, vast knowledge and a strong understanding of our dynamic clients’ needs throughout the Atlanta marketplace.”
Trump Tax Plan a Triumph of Showmanship Over Common Sense [DealBook]
Victor Fleischer concedes that some of the plan's ideas are fine but also says that the plan will be paid for by "mere rhetoric" and won't be taken seriously by tax nerds who will see it as "another exaggerated claim of a carnival barker."
In other news:
- Audit firms are doing some fall cleaning. [Auditor Carousel]
- Microsoft's senior leadership team meets for four hours, three Fridays a month and then has one eight-hour Friday meeting a month. [WSJ]
- “Although an actual zombie apocalypse will never happen, the preparation for such an event is the same as for any disaster: make a disaster kit, have a plan and practice it.” [KCS]