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GASB Releases Guidance on Who's Responsible for Pensions When There's No Board
Trusted Professional
The Governmental Accounting Standards Board except Statement No. 84, Fiduciary Activities Statement 67 Statement 74 Statement…
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Deutsche Bank Estimates 18 Percent of U.S. Companies Are 'Zombies'
Trusted Professional
Analysts from Deutsche Bank estimate that roughly 18 percent of U.S. companies can be classified as "zombies," that is,…
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Pandemic Causing Rents to Drop, But NYC Prices Remain High
Trusted Professional
The global pandemic has put landlords on edge, leading them to offer generous discounts to renters, yet even with certain…
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German Authorities Arrest Former Wirecard CEO Over Missing $2 Billion
Trusted Professional
Markus Braun, who until resigning last week was the CEO of embattled German fintech firm Wirecard, turned himself in to…
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Waving After a Video Call: Why?
NextGen
Your Zoom conference just wrapped up now you and everyone else on the call are waving goodbye to the camera. Why? It's…
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Pandemic-Scarred Corporations Bolster Takeover Defenses
Trusted Professional
Corporations battered by the global pandemic are shoring up their defenses against hostile takeovers by private equity firms…
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Experts Believe Corporate Bankruptcies Will Stress Courts
Trusted Professional
Economists believe that even a rapid economic recovery won't save a large number of businesses that have suffered too much…
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Supreme Court Scales Back SEC's Ability to Recover Ill-Gotten Gains
Trusted Professional
The Supreme Court of the United States limited the ability of the Securities and Exchange Commission to demand that…
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IRS Releases Guidance on Favorable Tax Treatment for COVID-19-Related Retirement Distributions
Trusted Professional
The IRS new guidance * being quarantined, being furloughed or laid off, or having work hours reduced due to COVID-19; *…
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