Steven Davidoff Solomon writes for The New York Times, July 21, 2015
It turns out that mutual funds may not be that great at keeping track of the stocks they own. The latest evidence comes from a legal battle over the $24.9 billion management-led buyout at Dell.
Mark Gergen quoted in The Daily Californian, July 19, 2015
Mark Gergen said it is not a “particularly aggressive example” for the campus to ask for a legal claim release with respect to health insurance if it does not believe that it is legally obligated to make these payments.
Ethan Elkind quoted on ClimateWire, July 15, 2015
“Incentives have put California in a leadership position,” Elkind said. “I don’t know if we’ve inspired other states, but certainly other states have looked at our incentives. By changing it now to be income-based, we’ll see if that’s an area that boosts adoption.”
Steven Davidoff Solomon writes for The New York Times, July 14, 2015
An unfolding scandal in Northern Ireland has cast a harsh light on what can happen when a private equity firm goes trolling for distressed assets and a big return. It is a toxic mix of money, lawyers, politicians and the continued wreckage of the financial crisis.
David Rosenfeld quoted in U.S. News & World Report, July 13, 2015
“When you use contractors you don’t have to pay taxes on them – you don’t have to provide workers compensation, you don’t have to worry about discrimination lawsuits, you don’t have to worry about union issues, and you don’t have to pay overtime,” he says. “The disincentive of using contractors is that you lose the right to tell them how to work, how to behave, how to dress. You lose control of your brand that you would have with employees.”
Stanley Lubman writes for The Wall Street Journal, July 13, 2015
In the midst of turmoil in the Chinese stock markets, one serious problem that may appear is increased currency outflows created by current and potential investors who would rather move their assets to foreign countries viewed as safer havens. Money laundering should be under close surveillance.
Justin McCrary quoted in The Stack, July 10, 2015
Justin McCrary … submitted an independent testimony outlining that “many current drivers who have used the Uber app for referrals would be harmed if it were commonly found that the use of the Uber app turned every driver into an employee of Uber.”
David Oppenheimer and Deirdre Mulligan quoted in The New York Times, July 9, 2015
“Even if they are not designed with the intent of discriminating against those groups, if they reproduce social preferences even in a completely rational way, they also reproduce those forms of discrimination,” said David Oppenheimer.
“The question of determining which kinds of biases we don’t want to tolerate is a policy one,” said Deirdre Mulligan…. “It requires a lot of care and thinking about the ways we compose these technical systems.”
Justin McCrary cited by Forbes.com, July 9, 2015
Uber filed three documents: one opposing the class-action certification, an expert opinion from UC Berkeley law professor Justin McCrary, and one with a selection of quotes from Uber drivers saying how much they love being independent contractors.
Steven Davidoff Solomon writes for The New York Times, July 7, 2015
In its effort to limit leveraged loans, the government is finding once again that regulating the financial industry is like a game of Whac-a-Mole, with new unregulated players popping up to fill the risky gaps.