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December 7, 2022

Accounting News Roundup: Twitter Saying No to IPO (For Now); Ken Starr’s Sentence; Wesley Snipes Wants a SCOTUS Review | 03.03.11

BP Spill Chiefs Miss Out on Bonuses [WSJ]
Former Chief Executive Tony Hayward, former head of Exploration and Production Andy Inglis and current Chief Executive Robert Dudley will receive no cash bonus for 2010 and no shares under the long-term remuneration plan running from 2008 to 2010, BP said in its annual report to shareholders. Head of Refining Iain Conn and Chief Financial Officer Byron Grote will receive cash bonuses of £104,000 ($169,800) and $207,000 respectively for meeting targets within their own division. This is around 10% of the cash bonuses they received in 2009.

Twitter’s Stone: No IPO or funding talks [Reuters]
Asked about a Financial Times report last week that said a technology fund from JPMorgan was in talks to buy 10 percent of Twitter, Stone said: “(The report is) made up.”

Taxpayers Beat Wall Street as Top Lenders to Clean Energy [Bloomberg]
Government-backed development banks in Europe, Brazil and the U.S. arranged the most funding for clean energy projects in 2010, taking up the slack left by commercial lenders during the credit crisis. The European Investment Bank furnished $5.41 billion of debt for renewable energy projects last year followed by $3.16 billion from Brazil’s state development bank, BNDES, and $2.12 billion from the U.S. Federal Financing Bank, according to an annual survey by Bloomberg New Energy Finance.

Robert Half Professional Employment Report [RHI]
Nine percent plan to increase staff, while 4 percent anticipate declines. The net 5 percent projected increase is unchanged from the first-quarter survey, with most respondents, 86 percent, expecting to maintain current personnel levels.

Starr Gets 7 1/2-Year Prison Sentence for Defrauding His Celebrity Clients [Bloomberg]
Kenneth I. Starr, the money manager whose clients included actors Sylvester Stallone and Wesley Snipes, was sentenced to 7 1/2 years in prison after pleading guilty to defrauding nine celebrities out of $33.3 million.


Ryan Donmoyer Leaves for Ernst & Young [FoC]
Donmoyer covered tax news for Bloomberg out of DC.

Wesley Snipes Seeks Supreme Court Review of His Tax Convictions [TaxProf Blog]
Um…okay.

Going through the motions: Only 1/3 of workers are engaged in their jobs [AW]
But far more are married to their jobs. Strange.

BP Spill Chiefs Miss Out on Bonuses [WSJ]
Former Chief Executive Tony Hayward, former head of Exploration and Production Andy Inglis and current Chief Executive Robert Dudley will receive no cash bonus for 2010 and no shares under the long-term remuneration plan running from 2008 to 2010, BP said in its annual report to shareholders. Head of Refining Iain Conn and Chief Financial Officer Byron Grote will receive cash bonuses of £104,000 ($169,800) and $207,000 respectively for meeting targets within their own division. This is around 10% of the cash bonuses they received in 2009.

Twitter’s Stone: No IPO or funding talks [Reuters]
Asked about a Financial Times report last week that said a technology fund from JPMorgan was in talks to buy 10 percent of Twitter, Stone said: “(The report is) made up.”

Taxpayers Beat Wall Street as Top Lenders to Clean Energy [Bloomberg]
Government-backed development banks in Europe, Brazil and the U.S. arranged the most funding for clean energy projects in 2010, taking up the slack left by commercial lenders during the credit crisis. The European Investment Bank furnished $5.41 billion of debt for renewable energy projects last year followed by $3.16 billion from Brazil’s state development bank, BNDES, and $2.12 billion from the U.S. Federal Financing Bank, according to an annual survey by Bloomberg New Energy Finance.

Robert Half Professional Employment Report [RHI]
Nine percent plan to increase staff, while 4 percent anticipate declines. The net 5 percent projected increase is unchanged from the first-quarter survey, with most respondents, 86 percent, expecting to maintain current personnel levels.

Starr Gets 7 1/2-Year Prison Sentence for Defrauding His Celebrity Clients [Bloomberg]
Kenneth I. Starr, the money manager whose clients included actors Sylvester Stallone and Wesley Snipes, was sentenced to 7 1/2 years in prison after pleading guilty to defrauding nine celebrities out of $33.3 million.


Ryan Donmoyer Leaves for Ernst & Young [FoC]
Donmoyer covered tax news for Bloomberg out of DC.

Wesley Snipes Seeks Supreme Court Review of His Tax Convictions [TaxProf Blog]
Um…okay.

Going through the motions: Only 1/3 of workers are engaged in their jobs [AW]
But far more are married to their jobs. Strange.

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