FEI Weekly

August 17, 2018

What Elizabeth Warren's Accountable Capitalism Act means for executive pay, 5 ways to improve your emails.

Exec Pay and the Accountable Capitalism Act

Huffpost

The average chief executive at the 350 biggest American companies made 17.6% more last year than in 2016 ― a huge raise for people already making several million dollars a year. Sen. Elizabeth Warren wants to stop this by changing whom corporations actually answer to. The Accountable Capitalism Act would require big companies to sign a charter of corporate citizenship, give employees a vote on corporate boards, and limit the ability of companies to buy back their own stock, a practice that was illegal before 1982.

Why Elon Musk Needs a No. 2 Exec

CNBC

Tesla has been searching for a number-two executive to help take some pressure off Chairman and CEO Elon Musk. The Times' reporting about the search for a number-two executive was included in an article about an interview with Musk, during which the Tesla CEO talked about his intense workload and discussed the moments that lead up to the tweet.

FASB's New Rule Addresses GE's Insurance Loss

Market Watch

General Electric’s $6.2 billion hit to income in January to catch up on losses on long-term care insurance contracts highlights the problem accounting standard-setters now say will be solved with some new rules, set to take full effect in 2021. FASB says new rules will now require insurers, and their auditors, to annually review the assumptions made at the inception of the contract and over its life and update each year, if necessary.

Hershey Searches for New CFO, In Midst of Reinvention

WSJ - Paywall

Hershey CFO Patricia Little is leaving the candy maker at a time of rising costs and changing consumer tastes toward healthier snacks. The new CFO will have to help Hershey’s management team respond to changing consumer preferences, as Hershey’s customers are growing increasingly more health conscious.

5 Ways to Improve Your Emails

Glassdoor

1. Pay attention to your subject line: keep it short and don't use all caps of excessive punctuation. 2. Even if you know the recipient well, zany salutations are inappropriate for business email. Mirror what your colleagues do. 3. Skip the fancy formatting. 4. Don’t forget to sign your email. 5. Take the time to proofread yourself and check for smooth syntax and eliminate wordiness.