Change in Management

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According to the New York Times, Boeing fired its chief executive officer, Dennis A. Muilenburg, on Monday after investors became weary of Muilenburg’s clumsy handling of the 737 Max crisis that angered lawmakers, airlines, regulators, and victims’ families. Questions: Who is going to replace Muilenburg? When do the Boeing Board and Washington insiders typically meet… Read more »

HALTED!

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According to the Washington Post, Boeing will halt production of its new 737 MAX commercial jetliner in January 2020. Questions: How long will the production halt last? How many employees will be laid off? How much is it estimated that the entire U.S. gross domestic product for a period this year has been impacted by… Read more »

Falsified Data

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According to the Associated Press, an investigation showed that the Kansas City School District falsified attendance data for three years in a bid to regain full accreditation from the state. Questions: 1. What was the result of overreporting attendance? 2. How many officials were involved in the 3-year scam from 2013 to 2016? 3. How… Read more »

Corporate Tax Reinvestment – Myth or Fact?

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According to the New York Times, FedEx, like much of corporate America, has not made good on its promised investment surge from President Trump’s 2017 tax cuts. Questions: How much did FedEx owe in taxes the year before the Trump 2017 tax cuts? What does the trend show about companies with the biggest tax cuts… Read more »

Amazon spent $1.5 million and lost

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According to the Washington Post, Amazon put $1.5 million toward Seattle City Council races this cycle, via a business-interest group to support an opponent of that spent nearly half a million dollars in support of Kshama Sawant, who has pledged to raise taxes on the retail giant. In the end, Amazon lost the race. Questions:… Read more »

Big Business Bust

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This week, Aventura Technologies in Long Island, allegedly tried to conceal the fact that Chinese-made surveillance and security equipment were made in America. Questions: Agents from which bureaus raided the company? How long has the scheme been going on and how does that compare to the ACFE’s average time for this type of fraud? Who… Read more »

Project Nightingale

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According to Business Insider, the Wall Street Journal reports that Google has teamed up with the hospital system Ascension to collect personal health information on millions of Americans, as part of Project Nightingale. Questions: For you, what is the most troubling issue related to this story? Can you explain how it would be possible for… Read more »

What were these guys thinking?

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According to the Washington Post, two Southwest Airlines pilots allegedly hid a camera in a plane’s lavatory and live-streamed the video to an iPad mounted on the windshield of the cockpit aboard a flight, according to a lawsuit filed by a flight attendant. Questions: What type of suit is this? When did this incident happen?… Read more »

Bill seeks FASB Required Study

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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

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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 »