May 15, 2021

Disgraced former Berkeley schools CFO sentenced to 11 more years; 16 total [$25,000 trip to Cayman Islands]

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By Anne Emerson From ABC News4 BERKELEY COUNTY, S.C. (WCIV) — Sixteen years. That’s how much time the disgraced Berkeley County Schools ex-CFO Brantley Thomas will spend in prison for stealing money from the district. Thomas will also have to repay $1.4 million of the money he stole. Thomas pleaded guilty to 37 counts of embezzlement […]

What it’s like to compete with Google — Opera’s CFO on why web browsers are still good business

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By Troy Wolverton From Business Insider Frode Jacobsen, chief financial officer of browser maker Opera, says the company has both profits and potential. Opera Opera is a distant also-ran in the web browser market. But the company is profitable and growing, noted Frode Jacobsen, Opera’s chief financial officer, in an interview with Business Insider. The […]

Queen bee syndrome, dethroned

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By Alice Gomstyn From The Financialist When it comes to professional advancement, women can be their own worst enemy, right? That’s pretty much an accepted fact at this point. But is it true? For years, feminists and workplace diversity proponents have grappled with the suggestion that high-ranking women actively limit the advancement of their female […]

Opening Pandora’s Dox: The unintended Consequences of an Internet that never forgets

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By Arthur Chu From Techcrunch Every year the Oxford English Dictionary adds a handful of new words in recognition of how technological and social progress have affected the English language. One of the new words this year is the longstanding 4chan-ism “dox,” which, unfortunately, has become all too relevant in the modern world. “Doxing” is […]

Cayman Islands: Parent Company Contribution Order: Potential Guidance for Irish Practitioners

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By Robin McDonnell and Karole Cuddihy From Maples and Calder In Lewis Holdings Limited & Others v. Steel and Tube Holdings Limited,1 the High Court of New Zealand made an order requiring a parent company to contribute to the debts of a subsidiary which was in liquidation. The decision is of interest to Irish practitioners […]

Liquidated Suntech appoints new CFO

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By Max Hall From pv magazine Deyong He will replace Weiping Zhou, who resigned as interim CEO, CFO and president of the rump Suntech company for ‘personal reasons.’ What is left of Suntech will hold a creditors’ meeting on Grand Cayman on February 12. Suntech founder Zhengrong Shi will have to find another chair for […]

A new Fed study destroys one of the central tenets of monetary policy

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By Matthew Boesler From Business Insider New research by Federal Reserve staff economists Steve Sharpe and Gustavo Suarez suggests that the outlook for business investment — a notably lacking aspect of this economic recovery — has little to do with changes in interest rates. “A fundamental tenet of investment theory and the traditional view of […]