According to the Wall Street Journal, Jennifer Hamann will become the new CFO for the Union Pacific Corporation. Questions: Where is the Union Pacific Corporation headquartered? What areas does the article indicate that she will heavily scrutinize? What financial metrics is Ms. Hamann looking at? What changes were made to Union Pacific’s capital structure prior… Read more »
Posts Categorized: Accounting Information Systems
Bill seeks FASB Required Study
According to the Wall Street Journal, Representative Luetkemeyer, a Republican from Missouri, introduced a bill on September 27 in Congress requiring the Financial Accounting Standards Board (FASB) to formally study the impact of new accounting standards before finalizing them. Questions: What Act does the bill seek to apply? What are the three major effects that… Read more »
Juul CEO Resigns and Company Drops Advertising
According to Drugs.com, vape device maker Juul Labs said Wednesday it is stopping all print, digital and television advertising, and its CEO, Kevin Burns, is stepping down. Questions: Who is the new CEO? Who owns a 35% share of Juul? Who is investigating e-cigarettes and why? Source: Staff. E-Cigarette Maker Juul Stops All Advertising, Replaces… Read more »
Nissan and Ghosn Fraud
According to the Washington Post, Nissan will pay $15 million, and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn’s retirement benefits from investors. Questions: How long was Ghosn CEO of Nissan? What punishment did the SEC impose on Ghosn? Was it for hiding… Read more »
New Business Trends: Minority Women
According to the Washington Post, minority women are starting firms at a pace more than double that of woman business owners overall, and nearly five times the pace of all company owners. Questions: Who sponsored the new report? What was the growth rate for minority women between 2014 and 2019? What were the main industries… Read more »
No bailout for you!
According to Business Insider, hundreds of thousands of tourists have been left stranded after UK Prime Minister Boris Johnson refused to grant the collapsed travel firm Thomas Cook a bailout of £150 million, or about $186 million. Questions: Explain Johnson’s idea of a moral hazard. How large is the Thomas Cook fleet of planes and… Read more »
Drone Attack and Oil Prices
Iran denies a recent drone attack on Saudi Arabia, as the strikes halve Saudi oil facility output, and President Trump vows to tap U.S. oil reserves. Questions: What has happened to oil futures as a result of the attack? How is the Pentagon weighing in on the latest conflict? What was Secretary of State Mike… Read more »
Monte Carlo Simulation
According to Business Insider, some CEO pay plans are so complicated that a powerful mathematical technique originally developed to understand the behavior of neutrons in an atom bomb explosion is now the most effective way to estimate what they are actually worth. Questions: Where did the inspiration for the Monte Carlo simulation come from (according… Read more »
The Fight Against Quicken Loans (but why now)?
According to Business Insider, with debt sitting at $9.2 trillion for the U.S. lending market, the industry has been the slowest to digitize and have had little incentive to remove friction from the customer application process. Questions: What has Rocket Mortgage added to the industry to become the largest residential mortgage originator by volume? According… Read more »
Banking While Black
According to a new study by the National Community Reinvestment Coalition, Black and Hispanic men seeking small business loans face more scrutiny and worse treatment from bank officers than less qualified white men. Questions: What were the declines in government-backed lending to black business owners from 2008 to 2016? According to the study, what type… Read more »