Standout Stories
What would a President Trump mean for The Street/SEC?.. Predicting what financial sector policies a future President Donald Trump might pursue regarding stocks, bonds, corporate governance, and other matters before federal agencies like the Securities and Exchange Commission is fraught with uncertainty. It’s as uncertain as whether there will even be a future Trump presidency in an election year that has so far confounded the pundits and defied conventional wisdom.
Whether Donald Trump would appoint liberal or conservative commissioners to the SEC who would pursue an aggressively reformist course, or a studiously status quo one, is anyone’s guess. The signals he has been sending about an eventual Trump Administration agenda have been mixed. Read article.
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Merrill’s new CFO… One option for executives to find new career opportunities is to keep alert for openings at their existing suppliers and service providers. You already know things about the company, you’ve used its products, and it, likewise, knows more about you than it does about most other candidates.
Such was the case for Tom Donnelly, who joined Merrill Corp. as CFO since last September. He used Merrill services as finance chief at an Internet startup called Net Perceptions back in the late 1990s and early 2000s, most notably in connection with taking the company public in 1999. Then, at Digital River, where he was CFO and later president from 2005 to 2013, he employed Merrill’s compliance and M&A services. Read article.
Headlines
Top Illinois Court Denies Chicago Pension Changes
Absent the ruling, Chicago public employees would have had to pay 11% more of their wages toward their retirement.
U.S. Charges Iranians with Cyberattacks Against Banks, Dam
The indictment charges seven Iranians employed by two Iran-based computer firms sponsored by Iran’s Revolutionary Guard with attacks against 46 companies.
How a President Trump Might Treat Wall Street and the SEC
It’s difficult to predict what “President Trump” would do, given his always-shifting rhetoric, but his past statements and business record offer some hints.
Merrill Client Becomes Merrill CFO
Veteran technology finance chief Tom Donnelly is broadly eyeing new market opportunities for the financial printer.
Durable Goods Orders Fall, But Better News on Jobs
Declines in U.S. goods were offset by an uptick in the labor market.
Tribune Creditors Lose Bid to Unwind Buyout
The court ruled that allowing them to claw back funds from shareholders would set a damaging precedent for the securities markets.
American Airlines Flight Attendants Get Pay Hike
The 6% American Airlines raise comes on the heels of a profit-sharing plan.
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