News Stocks 

Two former Rio Tinto executives charged with fraud

“Two former top executives from mining conglomerate Rio Tinto PLC RIO, -0.46% have been charged with fraud, according to a Securities and Exchange Commission announcement Tuesday” writes Tech Reporter for marketwatch.com. Rio Tinto stock is down less than 1% to $49.50 after hours. Rio Tinto stock is up 29.5% this year, with the S&P 500 index SPX, +0.07% up 14.2%. Source: marketwatch.com Share This:

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Corruption Currents: Zuma Must Face Bribery Charges, South African Court Rules

“Incoming executives may inherit less-than-effective leadership teams when they take over” writes Samuel Rubenfeld for wsj.com. Three common dysfunctions that can undermine team performance are collectively delegating upward to avoid accountability, low collective energy and organizational siloing.To overcome these and other dysfunctions, new executives can begin by determining the root causes of the team’s current performance. They can then select from varied strategic responses, ranging from changes in the people and culture to organizational connectivity, information sharing and individual empowerment, to boost team performance. Source: wsj.com Share This:

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Amazon, not Google inspires fear in the boardroom

“Amazon has become a popular point of discussion when executives at rival firms are talking with analysts and shareholders” writes Caroline Cakebread for businessinsider.com.au. As we can see in this chart from Statista — based on data from FactSet and Recode — Amazon has overtaken Google as the most mentioned company in public corporate conference calls. Source: businessinsider.com.au Share This:

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News Oil 

Most US oil executives see prices below $60 per barrel through 2018

“Nearly two-thirds of U.S. oil executives see crude oil prices remaining below $60 per barrel through 2018 and not hitting $70 until at least the next decade, according to a survey published on Wednesday by consultancy Deloitte Services” writes Andrey Rudakov for cnbc.com. U.S. oil prices fell slightly on Wednesday to $50.79 per barrel.The mood among executives was less pessimistic for natural gas prices, with those polled saying they expect prices to rise above $3 per million British thermal units into next year.Half of executives polled said they expect capital…

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JOBS Act is causing IPOs to be underpriced, but execs still benefit

“Proponents say the JOBS Act reduces the cost of accessing capital markets by eliminating unnecessary or overly burdensome disclosures” writes Francine Mckenna for marketwatch.com. The JOBS Act increased so-called “information uncertainty” in the IPO market, but the researchers highlight three ways executives at EGCs can benefit from less public disclosure.Second, EGC executives “exploit” the JOBS Act provisions to avoid compensation-related disclosures according to the researchers. Source: marketwatch.com Share This:

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A “Shark Tank”-style pitch competition is helping prisoners launch their dream companies — take a look

“With dreams of becoming the next Coss Marte, the EITs pitched 50 executives on their ideas before a graduation ceremony honoring their achievement” writes Chris Weller for businessinsider.com. Business Insider ventured inside Wallkill to see firsthand how the “Shark Tank”-style competition is granting second chances. Source: businessinsider.com Share This:

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Wells Fargo executives, board must face lawsuit over fake accounts

“Wells Fargo has been rocked since September 2016 by a series of scandals, including the San Francisco-based bank’s creation of as many as 3.5 million unauthorized accounts” reports foxbusiness.com. Wells Fargo spokesman Peter Gilchrist said in an email that the bank was taking “decisive steps” to rebuild trust, including from employees and shareholders.A federal judge said current and former Wells Fargo & Co officers and directors, including Chief Executive Officer Tim Sloan, must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses…

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Crypto News 

Senior Executives Join CasinoCoin Advisory Board

“Today, the non-profit Foundation has announced an advisory board with a wealth of experience from across the global gaming industry” reports newsbtc.com. 2nd October, 2017 (Isle of Man) – The non-profit Foundation of CasinoCoin (CSC), the open source, peer-to-peer cryptocurrency designed specifically for the regulated online gambling industry, has announced the appointment of several senior industry professionals to its newly-established advisory board. Source: newsbtc.com Share This:

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News Stocks 

Equifax’s board is investigating executive stock sales after the data breach

“In response to questions about whether the stock sales violated insider trading laws, Equifax has said the executives did not know about the breach when making their sales, which were not prearranged” writes David Shepardson for businessinsider.com. (Reuters) – Equifax Inc told the U.S. House of Representatives in a letter made public on Friday that its board of directors formed a special committee to review stock sales by company executives weeks before the credit-reporting service disclosed a massive data breach.Earlier this week, the Atlanta-based company said Chief Executive Richard Smith…

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