Photograph of skyscrapers with glass windows from the ground facing up to a blue sky

Month: August 2021

Nike Shoes jumping next to train: Woke Washing

Shareholder Proposal Asks Nike to Prove It’s a Role Model

Nike Shoes jumping next to train: Woke Washing

In 1993, Charles Barkley helped Nike build its edgy reputation with young audiences when he disavowed the idea that he had to set an example for kids. In a controversial commercial, the NBA superstar with a reputation for stirring up troubl...

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Legal Entanglements Have SPACs Feeling Frosty

Legal Entanglements Have SPACs Feeling Frosty

Legal Entanglements Have SPACs Feeling Frosty

With temperatures continuing to soar across the United States, winter still seems awfully far away. But as Axios pointed out in a recent newsletter, it’s starting to get chilly in the world of special purpose acquisition companies, better k...

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SEC Digs in on Insider Trading Enforcement

SEC Digs in on Insider Trading Enforcement

SEC Digs in on Insider Trading Enforcement

Low-level employees at a high-flying tech company team up with their buddies to make millions off illicit stock trades by exchanging corporate secrets. It sounds like the kind of story Netflix might turn into an episode of its documentary s...

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Congress tightening using pipe wrench

Gensler Looks to Tighten Rules for 10b5-1 Plans

Congress tightening using pipe wrench

While their companies were busy last year developing vaccines to help fight the coronavirus, executives at major pharmaceutical companies were busy cashing in on stock sales. Their trades involved more than 8.5 million shares of stock and p...

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Goodwill Impairment Problems Haven’t Gone Away

Goodwill Impairment Problems Haven’t Gone Away

Goodwill Impairment Problems Haven’t Gone Away

Remember the hubbub over goodwill impairment? Back before the coronavirus knocked the world off its axis, it was kind of a big deal. In fact, in early 2020, regulators were looking at redefining the concept of goodwill (which refers to the...

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