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☆ Startups, Investors Bet on Remote Work Future
▼ + stars: | 2022-11-03 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Even as more employers signal an end to remote work, tech startups and their investors are betting that it is here to stay, offering a range of digital tools designed to support a permanent workforce outside of the office. “Investors are super-pumped on remote,” Mr. Salam said. “Remote work is a durable phenomenon,” said Ravi Gupta, a partner at Sequoia who led the firm’s investment in Remote. Mr. Riggs said Frameable currently has hundreds of commercial customers, who rent its software with rates varying by the number of users. “I may be a bit biased, but I absolutely believe remote work is here to stay,” said Remote’s Mr. van der Voort.

☆ Here are some notable salary ranges from several of New York City's biggest employers, as a new pay transparency law peels back the curtain on workers' pay
▼ + stars: | 2022-11-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

As of Tuesday, most New York City employers have to include salary ranges upfront in job posts. The new salary transparency law peels back the curtain on six-figure salaries at some of the city's biggest employers. Have you noticed big pay discrepancies between job postings at your company and your salary? Some had not yet listed salary ranges on multiple New York City job posts as of this writing, including Meta and Google. Citi, for example, initially listed a salary range of $0 to $2 million for a client service officer, as Motherboard first reported.

☆ Auditor exodus at embattled China property firms triggers governance concerns
▼ + stars: | 2022-11-01 | by ( Clare Jim | ) www.reuters.com time to read: +4 min

HONG KONG, Nov 2 (Reuters) - Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden developers several of whom are yet to publish long-pending financial results. Embattled developers including Sunac China (1918.HK), Shimao Group (0813.HK) and Kaisa Group (1638.HK) are among those whose auditors have parted ways in recent months. In many cases, firms outside the Big-Four accounting firms have been roped in as replacements. The trend, which accelerated earlier this year, has seen auditors, including the world's top auditing firms PricewaterhouseCoopers (PwC) and Deloitte, resigning from their roles. Deloitte in Hong Kong declined to comment on the reasons for ending their auditing mandates for some Chinese property developers.

☆ British furniture retailer Made.com fails as consumer squeeze bites
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 1 (Reuters) - British online furniture retailer Made.com (MADE.L) said it would appoint administrators after it ran out of cash, becoming one of the first retailers to fail as a result of the squeeze on household budgets this year. The group said on Tuesday it intended to appoint administrators after talks to find a buyer failed. The online retailer grew during the pandemic when shoppers stuck at home in lockdowns spent money on sofas, coffee tables, lamps and the other items it sold, and it listed in London in June 2021. But this year, Britain's economy has tanked, and retailers across the board are now bracing for a difficult period. Made.com said its shares had been suspended from trading and would in due course be cancelled.

☆ British online furniture seller Made.com suspends trading amid last-ditch rescue talks
▼ + stars: | 2022-11-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

A view of a Made.com high street shop in central London on October 28, 2022 in London, England. Chris J Ratcliffe | Getty Images News | Getty ImagesLONDON — Millennial-oriented furniture retailer Made.com on Tuesday suspended trading of its shares on the London Stock Exchange, after failing to agree a rescue deal before a November deadline. However, customers also grumbled about long delivery times on some items, particularly as global supply chain issues intensified in 2021. Tough conditions"Customers are shying away from big-ticket items," said Sophie Lund-Yates, lead equity analyst at financial services firm Hargreaves Lansdown. "When the cost of living becomes untenable, buying expensive furniture is delayed, and that's exactly the pattern we've seen play out for Made.com."

☆ Mattel to Pay $3.5 Million to Settle SEC Allegations Over Misstatements
▼ + stars: | 2022-10-21 | by ( Mark Maurer | ) www.wsj.com time to read: +3 min

The Securities and Exchange Commission said Mattel Inc. agreed to pay $3.5 million to settle claims over misstatements the toy maker made in its 2017 financial statements. Mr. Abrahams, the lead auditor on the PwC account at the time of the alleged misstatements, failed to verify the uncorrected $109 million error was documented even though he knew about it, the SEC said. Mr. Abrahams worked at PwC from 2004 until 2019, when he resigned. Mattel didn’t admit to or deny the SEC’s claims when it agreed to pay the fine. Mr. Abrahams and Mr. Euteneuer didn’t immediately respond to requests for comment.

☆ Toymaker Mattel agrees to pay $3.5 million to settle SEC charges
▼ + stars: | 2022-10-21 | by ( Chris Prentice | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 21 (Reuters) - California-based Toymaker Mattel Inc (MAT.O) has agreed to pay $3.5 million to settle U.S. Securities and Exchange Commission (SEC) charges over financial misstatements in 2017, the agency said on Friday. Mattel, which makes Barbie and Fisher-Price toys, incorrectly reported its losses during the third and fourth quarters of 2017 due to tax reporting errors, the SEC said. The issue went uncorrected until November 2019 and the lack of internal control for financial reporting related to the error remained undisclosed. A spokesperson for Mattel, which did not admit or deny the SEC's findings, said the firm is pleased to have the matter behind it. He further failed to maintain auditor independence by advising Mattel's then-chief financial officer about who should be selected for a senior position at the company.

☆ Toymaker Mattel agrees to pay $3.5 million SEC fine for misstatements in 2017 earnings
▼ + stars: | 2022-10-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

Toymaker Mattel has agreed to pay a $3.5 million fine to settle charges related to misstatements in two quarters of earnings in 2017, the Securities and Exchange Commission announced Friday. The SEC said Mattel "violated numerous professional standards" by understating its tax-related valuation for the third quarter of 2017 by $109 million. Mattel's $109 million tax expense error went uncorrected until its November 2019 restatement. The SEC said Mattel did not admit or deny the findings of its probe. While we're not going to comment on the underlying facts, we appreciate the SEC's recognition of the company's remedial measures," a Mattel company spokesperson said Friday.

☆ Squarespace, a Website-Development Firm, Names Amazon Executive as CFO
▼ + stars: | 2022-10-12 | by ( Mark Maurer | ) www.wsj.com time to read: +4 min

Mr. Gooden most recently led the finances of the unit behind Alexa, Amazon’s virtual assistant, and Echo, which sells the online retailer’s smart-speaker products. At Squarespace, Mr. Gooden is set to succeed Marcela Martin, who held the CFO role from November 2020 until July of this year. Photo: Squarespace Inc.Liz Coddington, the former vice president of finance for Amazon Web Services, in June joined exercise equipment company Peloton Interactive Inc. as CFO. Squarespace declined to make Mr. Gooden available for an interview, nor did he immediately respond to a request for comment via LinkedIn. Prior to joining Amazon, Mr. Gooden held CFO roles at companies such as payments firm SpacePointe and defunct commerce platform Solavei LLC.

☆ Online holiday spending expected to be weak after months of early discounting
▼ + stars: | 2022-10-10 | by ( Jack Stebbins | ) www.cnbc.com time to read: +3 min

And to compete for holiday spending, retailers are offering deals earlier and earlier. Overall, online spending throughout the holiday season is forecast to grow 2.5%, the smallest growth since Adobe started tracking the figure in 2015. Bleak FridayLast year's holiday shopping season got off to an early start as well. The ongoing discounting means spending may be spread out more this holiday season. The early deals could mean people are already stocked up on gifts and decorations by the time the holiday shopping season traditionally kicks off after Thanksgiving.

☆ HR insiders share 4 ways remote workers can set themselves up for a strong performance review
▼ + stars: | 2022-10-05 | by ( Ebony Flake | ) www.businessinsider.com time to read: +6 min

Performance reviews are around the corner, but is it harder to evaluate fully remote workers? Managers are tasked with measuring the productivity of in-person, hybrid, and remote workers. There are differing views on whether remote workers should be concerned with how their performance is measured. Focus on performance metricsYolanda Seals-Coffield, the chief people officer at PricewaterhouseCoopers, says remote workers have nothing to fear. Maintain professional decorumWorking from home can create a certain informality among teams, but Pyrzenski says remote workers shouldn't get too comfortable.

Persons: Chelsea Pyrzenski, Yolanda Seals, Pyrzenski, Celia Balson, Robert Kelley, Kelley, Slack Organizations: PricewaterhouseCoopers, Google, Carnegie Mellon University's Tepper School of Business

Made.com web site is seen on a smartphone in front of a displayed logo in this illustration taken June 16, 2021. Made.com employs around 700 people, indicating more than 200 jobs could be cut. In the past year supply chain disruptions, made worse by Russia's invasion of Ukraine, have also pushed up costs for companies, including Made.com. Made.com appointed PricewaterhouseCoopers (PwC) as its financial adviser to the strategic review and formal sale process. British retailer DFS Furniture (DFSD.L)last week also warned of a challenging outlook for the furniture sector, saying volumes have fallen as demand wanes.

REUTERS/Lucy NicholsonSept 19 (Reuters) - Faraday Future Intelligent Electric (FFIE.O) shareholder FF Top Holding has sued the electric vehicle startup seeking the removal of two board members, according to a court filing, escalating the battle for the revamp of the company's board. Register now for FREE unlimited access to Reuters.com RegisterFF Top added that the "current board has driven the company into the ground". read moreFF Top earlier this month delivered a notice to the company seeking the removal of Swenson. Faraday Future's shares have slumped about 93% since going public through a reverse merger with a blank-check firm in July last year. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akash Sriram in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ This large cap fund is staying above water in this bear market by being the 'antithesis of ARK'
▼ + stars: | 2022-09-17 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

James Abate expects that his fund distinguished itself this year by maintaining a traditional bottom-up perspective on stocks. The flagship fund of Cathie Wood's ARK Invest, the ARK Innovation ETF , is down 28% this year. The fund manager maintains a concentrated portfolio of 35 to 50 of his best ideas. The fund manager also incorporates hedging techniques, specifically put options, from time to time to fortress the portfolio during periods of volatility, such as during the pandemic. Before founding Centre Asset Management in 2006, Abate started his career as a manager of valuation services at PriceWaterhouseCoopers in 1987, according to LinkedIn.

EY’s leaders last week approved separating the professional-services firm’s consulting and auditing businesses. The consulting firm, which doesn’t have an official name yet, has to make sure its branding doesn’t confuse prospective or existing clients, she said. EY trailed Deloitte and PwC in both its total revenue, $39.96 billion, and consulting revenue in the 2021 fiscal year. EY’s planned split has drawn comparisons to when Andersen Consulting separated from defunct accounting firm Arthur Andersen in 2001 and subsequently rebranded as Accenture. Companies could be inclined to stick with their existing consulting firm, rather than try out a new one, if they are uncertain about their outlook, Mr. Tellis said.

☆ PwC believes hybrid work is doable: 'One size doesn't fit all'
▼ + stars: | 2022-08-17 | by ( Josée Rose | Tim Paradis | ) www.businessinsider.com time to read: +3 min

Accounting and consulting firm PwC supports employees who request a hybrid-work model. Bricker said "one size doesn't fit all," and PwC is big enough to think differently. "It doesn't work for an apprenticeship program. It doesn't work for spontaneous stuff." AdvertisementAdvertisement"One size doesn't fit all, one size probably doesn't even fit many," he said, and while the company would prefer that staff goes to the office two or three days a week, "that doesn't work for everyone."

Persons: Wes Bricker, Bricker, Jamie Dimon, Dimon, Malcolm Gladwell, Gladwell Organizations: Service, PricewaterhouseCoopers, Yahoo Finance, JPMorgan Locations: Wall, Silicon, Canadian

☆ 6 takeaways from the massive debate about the SEC's proposed new climate rule
▼ + stars: | 2022-07-12 | by ( Drake Baer | ) www.businessinsider.com time to read: +7 min

Gary Gensler, the chair of the SEC, told Insider the proposed plan is to make environmental, social, and governance, or ESG, reporting more formalized. The most popular is TCFD, a set of letters you should get used to if you're interested in climate policy. The task force developed its own set of international recommendations for climate reporting, with "core recommendations" centered around governance, strategy, risk management, and metrics and targets. How synced should ESG reporting be with preexisting quarterly and annual reports? "We believe ESG reporting will mature far more quickly but needs to follow a similar path."

☆ The many faces of Scooter Braun
▼ + stars: | 2022-03-01 | by ( Anna Silman | ) www.businessinsider.com time to read: +44 min

The former Yeezy associate said that West had offered Braun large percentages of Yeezy several times, which Braun always declined.) Singer told Insider that Braun "did not even see the final cut until the day before it came out." In 2012, Braun told The New Yorker that Geffen's advice to him was "Get out of the music business." Singer told Insider that Braun had only seen Jayne "once in his life, at a political event they both attended. And I couldn't fix it and I'm a fixer, and because I couldn't fix things I started to spiral," Braun told Shetty.

Persons: Scooter Braun, Kanye, West, Braun, Yeezy, Justin Bieber, Ariana Grande, Marty Singer, Ben Rose, Taylor Swift, he's, I've, Braun you've, It's, Long, J Balvin, Psy, née Scott —, Ludacris, Eminem, Britney Spears, Matt Graham, Jason Salvador, He's, Bieber, Micah Smith, riffed, Harvey Levin, Perez Hilton, Lil Twist, Bieber's, Justin, Singer, Salvador, Selena Gomez, Gomez, Kevin Mazur, Swift, Selena, Scooter, Taylor, " Braun, kid's, Madison Beer, Etta James, Beer, Beer texted Braun, Todrick, Hall, Braun wasn't, Joseph Gordon, Levitt, hadn't, Pete Davidson, Grande, Davidson, Kris Jenner, —, didn't, J, Demi Lovato, Lovato, Critics, Rich Fury, Yael Cohen, Braun's, Marcus Aurelius, Maya Angelou, David Geffen, Jeff Bezos, playbook, Odysseus, Hillary Clinton, Kamala Harris, Matthew McNulty, Stephanie Simon, Jennifer Merlino, Simon, Brandon Creed, Bruno Mars, Troy Carter, Lady Gaga, Carter, Creed, George Floyd, Noam Galai, Moe Shalizi, missives, Scooter Braun playbook, Swift's, Taylor Swift's, Shamrock, Hybe, Justin Shin, Peter Comisar, Comisar, Laroi, Erika Jayne, Jayne, Yael Cohen Braun, Michael Kovac, Jay Shetty, Scooter Braun's, Shetty, Hoffman, I'd, I'm, Natalie Jarvey Organizations: Kanye, Ithaca Holdings, trailblazer, Spotify, South, YouTube, Emory University, segueing, eBay, DreamWorks, SB, TED, Hollywood's Fonda Theatre, Los Angeles Times, New Yorker, TMZ, Wall Street, Billboard, US Immigration, Customs, NME, Twitter, Todrick Hall, MTV, Amazon's, Ithaca Holdings —, Ventures, Atlas, CBS, Manchester, Grande, Nickelodeon, Untitled Entertainment, Untitled, British GQ, Hollywood, New York, Financial Times, behemoth, PricewaterhouseCoopers, Carlyle Group, litigating, Housewives, Beverly Hills, Gentleman's Locations: China, Yeezy, West, South Korean, Atlanta, hoodies, Hollywood's, Greenwich , Connecticut, Colombia, Yorker, Ithaca, California, Grande, Braun, British, Hybe, Korea, Korean

☆ ASEM vă invită la discuţia „În ce investim banii economisiți?”
▼ + stars: | 2021-06-10 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Clubul de Discuții Economice al ASEM vă invită luni, 14 iunie 2021, ora 17:00, la discuția „În ce investim banii economisiți?”. Ședința va avea loc în format hibrid, la care vor fi prezenți mai mulți invitați speciali. Totodată, la întâlnire se va vorbi despre investițiile directe în HVS, despre finanțare participativă și despre asigurări. Clubul de Discuții Economice al ASEM este o platformă ce unește persoane interesate de domeniul economic: studenți și masteranzi ASEM, profesori și absolvenți ASEM, profesioniști în diferite domenii, jurnaliști și alte persoane interesate de domeniul economic. Ședințele Clubului se desfășoară în format hibrid și anume, cu prezență fizică în blocul B, ASEM, sala 104 şi în format online.

Persons: Gabriela Cuneva, Veronica Malcoci, Tudor Darie, M . G . Bănulescu Organizations: Finanțelor, Clubului Locations: ASEM, Republica Moldova, Fagura, Moldova

☆ În cadrul Academiei de Studii Economice a Moldovei a fost lansat „Public Finance Club”
▼ + stars: | 2021-03-25 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Lansarea Clubului a avut loc pe 23 martie, primul subiect discutat fiind „DECLARAȚIA PE VENIT: GHID PRACTIC PENTRU STUDENȚI”. La eveniment au participat:GRIGORE BELOSTECINIC, rector ASEMCORINA PAVLIȘCIUC – șefă adjunctă a Direcției generale metodologia impozitelor și taxelor, Serviciul Fiscal de Stat. Activitatea este susținută de PriceWaterhouseCoopers Moldova (PwC Moldova). Evenimentul face parte din seria de acțiuni realizate în cadrul Global Money Week 2021 – o acțiune globală de creștere a nivelului de educare financiară în rândul tinerilor. Acest material a fost scris și redactat de echipa ASEM.

Persons: GRIGORE, ASEM CORINA, VERONICA SIREȚEANU Organizations: Academiei, Studii, ASEM Locations: Moldova, ASEM

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